Asia Aviation Outlook: 2019 has clearly demonstrated that there is more to Asia than China
Although China's market dwarfs all others, it is showing signs of slowing and others, like Vietnam and Japan, are showing real form.
In North Asia in particular, the continuing story is of LCCs gaining market share and transforming market profiles. The rise and rise of millennials, bearing mobile devices, is a major contributor to this.
LCC expansion will continue to change the landscape in the 2020s, even as some of the lines are blurred as the low cost operators extend the reach of their services and reshape their product offerings accordingly. Despite their smaller overall size at present, LCCs have nearly twice as many narrowbody aircraft on order (nearly 2500 according to the CAPA Fleet Database) as their larger long-standing full service airline competition.
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