Outlook 2023: Asia-Pacific LCCs are leveraging favourable market conditions
The outlook appears bright for Asia-Pacific LCCs as they capitalise on surging leisure demand by rapidly increasing their capacity.
During the COVID-19 pandemic many observers theorised that the LCCs would recover more quickly than their full service brethren - and in some cases this appears to be true.
For Asia-Pacific LCCs, the focus in 2023 will be on continuing to rebuild their networks and returning to their pre-pandemic growth trajectories.
Leisure travel in this region is rebounding faster than business and premium travel, and some airlines believe that business travel will not return to its pre-pandemic level.
These dynamics are obviously favourable to the LCC sector.
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