- Increased frequencies:
- New routes:
Singapore Airlines increasing frequency in Northern Winter schedule
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Asian airports 2016 traffic: Planning infrastructure growth ahead of the market becomes essential
Northeast Asia dominated the developments of East Asian airport growth in 2016. Beijing Capital, Asia's largest and the world's second biggest, further narrowed the gap with first place Atlanta. Yet with some Beijing Capital traffic due to start moving to the second airport Beijing Daxing in mid 2019, Beijing Capital may not overtake Atlanta in the near future.
Asia's second largest airport, Tokyo Haneda, is undergoing steady growth ahead of a slot increase to support more international visitors for the 2020 Olympic Games in Tokyo. Asia's third largest airport, Hong Kong, could soon be overtaken by Shanghai Pudong, which has had a dramatic growth story, especially in the last two years. Seoul Incheon has also grown rapidly and benefits from infrastructure developments.
Bangkok Suvarnabhumi posted record traffic, despite some traffic having moved to Don Mueang a few years ago. That initiative to make room for more growth gave only a few years of breathing room.
Asia's largest airports continue to be defined by pent up demand waiting for a combination of more runways, slots, terminals and air space.
Korea-Japan: LCCs are poised to overtake full service airlines for first time in Northeast Asia
For the first time in Northeast Asian aviation, low cost airlines are poised to overtake full service airlines in a significant way. The market concerned is that between Japan and Korea, where LCCs are rapidly growing, while full service airlines are decreasing capacity. Overall market size and visitor figures are at record highs. This refutes any legacy airline thinking that LCCs "steal" market share; LCCs are growing the market and becoming the future – as they already are in other parts in the world.
LCCs accounted for 1% of available seats between Japan and Korea in 2009, reached 37% in 2016, and so far in 2017 will account for 49% of the market. Limited airport data indicates that LCCs, operating at higher load factors, already transport more passengers than full service airlines, and by the end of 2017 LCCs should easily account for the majority of capacity.
LCCs already fly more airport pairs than their full service counterparts. The LCC development between Japan and Korea illustrates underlying LCC opportunity in Northeast Asia but also reflects on the importance of liberalisation, and for full service airlines to have efficient cost bases.