The North Atlantic market is being transformed by long haul LCCs, wide and narrowbody

LCC SEAT SHARE on the North Atlantic has grown from almost nothing five years ago to 8% in summer 2018, higher than any other long haul market from Europe (LCCs have 1% seat share on Europe-Asia Pacific, 1.7% on Europe-Sub Saharan Africa and 3.4% on Europe-Latin America).

The dominance of immunised joint ventures (JVs)involving the leading legacy airlines is being eroded, in no small measure due to LCC expansion. In particular, low cost narrowbody growth is now outpacing LCC widebody expansion in this market.