Full Service Carrier Market

Full Service Carrier Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2021
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Full Service Carrier Market2018
Full Service Carrier Market2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2021
Full service carriers (FSCs) offer full services (including meals, and other amenities) that are mostly included in the flight ticket cost. There may be other
additional services (ancillary services) provided at an additional cost as an add-on services. FSCs are mostly based on 'hub-and-spoke' business model and
have major airports as their hub.
In the full-service airlines segment, there isn’t much space to bring in vast changes apart from differentiating on in-flight services, as most airlines want to
keep their costs low. With the entry of new challengers and excessive competition from LCCs, the FSCs are thus aggressively introducing new loyalty
rewards programs to woo and retain frequent flyers. In the situation where the price and service differentiation between FSCs and LCCs is narrowing, the
FSCS are introducing new services as a key differentiator. For example, in India, as LCCs compete largely on costs, the war between Indian FSCs may
well play out through their loyalty programmes. The signs are clearly visible as Jet Airways (a major FSC from India), looking to protect its base, tweaked
its frequent flyer programme in 2015.
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Full Service Carrier Market2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
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Market Research Report - Global Forecast 2021”
As per case study, Jet Airways’ upgraded programme has five tiers which entitles members to enjoy benefits like access to exclusive lounges, higher
baggage allowance, priority check-in and waiver of certain fees. Faster upgrades or easier retention of existing tier, along with the enhancements and
benefits are all aimed to ensure deeper guest engagement with and loyalty towards Jet Airways.
The Global Full Service Carrier Market is expected to grow at a CAGR of around 4% during 2016-2021. Factors driving the market are growing demand
from emerging market, attractive & customized offers for better passenger experience, and growth in scheduled air passenger traffic.
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Full Service Carrier Market2018
Industry/ Innovation/ Related News:
November, 2017:- It was reported that Singapore Airlines Ltd., the first carrier to install a double bed in the aircraft cabins, would invest USD 850 million
to refit all of its Airbus SE A380 jets, to enhance the passenger experience.
March, 2015 - HAECO Cabin Solutions, a unit of the HAECO Group, was awarded a comprehensive aircraft fleet modification program by Air Canada.
It included complete design engineering, certification, and installation of the aircraft interiors on 18 Boeing 777-200 and -300 aircraft.
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Full Service Carrier Market2018
Application & Major Players in this Research:
Full Service Carrier Market Prominent Players:
American Airlines,
China Eastern Airlines,
China Southern Airlines,
Delta Airlines,
United Airlines,
Air China,
Air France,
All Nippon Airways,
British Airways, China Eastern Airlines, Emirates, Lufthansa, and Turkish Airlines.
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Full Service Carrier Market2018
Full Service Carrier Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
As per the market estimates, APAC will likely have an annual average growth of 6.3% in passenger traffic for the next
20 years. It is estimated that almost 50% of global air passenger traffic over the next 20 years will originate from
APAC. APAC will likely account for the most air passenger traffic by 2035, overtaking North America and Europe. In
2014, APAC accounted for about 34% of the global air passengers. The region has witnessed one of the highest
growth rates in the global aviation industry and will likely drive the industry for the next two decades, as demand
becomes saturated in mature markets such as Europe and North America. With a population of more than four billion
people, APAC is home to 60% of the global population. Growth in GDP and increasing purchasing power in the
region, mainly fuelled by emerging countries such as China and India, contribute to an increased demand for air
travel. Meanwhile, other East Asian countries have also witnessed rapid growth in air traffic; they are thus lucrative
markets for full service carriers.
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