Albany, New York, December 19, 2016: The commercial passenger Air travel industry has changed dramatically in the recent decades. It has evolved from a market controlled by ‘Airlines services’ that are offered to customers with little competition. Market Research Hub has recently added a new report titled “Global Full-Service Carrier Sales Market Report 2016” to its report offerings. This study provides a thorough analysis of the full-service carrier global market and also studies its sales, revenue, and market share and growth rate during the forecast 2011-2021. The report covers some of the key regions such as United States, Europe, China and Japan.
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A full-service referred to as “Legacy carrier”, is basically an airline service that doesn’t rely on generating ancillary revenue. It typically offers passengers free baggage allowance, meals, drinks and in-flight entertainment which are the most common items that legacy carriers provide at no extra charge. Full service is mainly meant for international luxurious travel. These airlines largely fly to large primary airports in major cities rather than serving secondary airports with lower cost and accessibility.
In North America and Europe, due to increasing costs and competition, many formally ‘full service’ airlines are adopting some of the traits of the ‘low-cost carrier’ model in an effort to cut overheads and remain competitive on price against their low-cost competitors. The term Low-Cost Carrier (LCC) originated within the airline industry referring to airlines with a lower operating cost structure.
Further, the report states that, airlines that are working on controlling their costs take the lead over its competitors. The pricing policy of the low-cost carriers is generally very dynamic with discounts and tickets in promotion. Like other carriers, even if the publicized price may be very low, it often does not include charges and taxes. This leads to tremendous suffering for airlines that worked full capacity till recently. It has also been found out that, a high percentage of travelers prefers low-cost carriers to full-service airlines. This is turning out to be the major challenge for full services, according to the study. Currently, the world’s largest low-cost carrier is Southwest Airlines, which operates in the United States and some nearby areas.
Top players in this market are listed below:
- United Airlines
- American Airlines
- China Eastern Airlines
- China Southern Airlines
- Delta Airlines
- Alpha Transport
- DEK Telecom GmbH
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Moreover, detailed information about the above-stated players are also discussed in the report along with revenue, price and gross margin in the year 2011-2016. Apart from this, marketing strategy, effect factors and industrial chain are also outlined in the report.
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