Low cost airlines account for one in every five scheduled seats now offered around the globe - OAG
OAG stated that with the economic downturn, some major European LCC airlines have reduced the amount of winter flying, particularly within the EU. "The impact of this is most stark in the Irish market, where LCC capacity is down 10%; London Stansted has also been affected by the reduction in LCC flying – down 13%", it said. To partially compensate, EU LCCs have been entering non-EU markets. International capacity to Russia is +31%, Turkey is +79%, the Ukraine is +47% and Israel +156%.
Selected LCCs' daily share price movements (% change): 09-Feb-2011