The impact of low cost long haul on evolving leisure markets; long-range narrowbodies could change market dynamics

Low cost long haul (LCLH) narrowbody is an emerging segment of the market with huge growth opportunities in virtually every region. Although most LCLH narrowbody operations have so far focused on the trans-Atlantic market, there is now some movement in Asia Pacific and the Middle East.

Air Arabia is the first LCC from the Middle East to operate the A321neoLR. The first three operators in Asia Pacific – Australia-based Jetstar Airways, Jetstar Japan and Japan’s Peach – all plan to start taking A321neoLRs in 2020. Several more Asian LCCs, including AirAsia X and VietJet, are considering acquiring the new type.

The economical nature of this segment will undoubtedly allow for new and emerging markets around the world, previous left only to connections via major hubs, to be opened up.

A focus on the opportunities for these longer-range single-aisle airliners to support the development of low cost long haul services will be one the discussion topics at the forthcoming CAPA Low Cost Long Haul Global Summit. Respected aviation intelligence specialist CAPA – Centre for Aviation will examine what trends in the leisure market are signs for new route opportunities, what airlines look for in new market opportunities and how destinations and airports can attract carriers.

As the foremost authority on aviation in the world, CAPA – Centre for Aviation’s events provide cutting edge knowledge about strategic market trends and dynamics to help attendees make informed decisions, delivering the information and connections needed to inspire and improve business. The CAPA Low Cost Long Haul Global Summit will take place in Hamburg on 10-11 October 2019.

The CAPA Low Cost Long Haul Global Summit returns for a second year to explore the key strategic issues impacting the industry, the only strategy event dedicated to the new frontier of low cost travel: long haul.

New aircraft technologies, evolving passenger preferences and stable fuel prices are pushing LCCs (and restructuring full service airlines) to consider new growth opportunities. High fare long haul markets are ripe for disruption and airports/destinations are aggressively courting new routes. New city pairs are emerging, and secondary airports are featuring regularly in the long haul low cost networks.

But it’s not just fuel efficient widebody equipment that’s changing the game – the new long haul narrowbodies are opening up vast new opportunities for airlines – and they’ll be entering the fleets of airlines around the world in large numbers in the coming years.

The implications are profound, touching the entire travel value chain from airports to accommodation, ground transportation, distribution/payment and technology – and even corporate travel.

This event, hosted at The Grand Elysée Hotel, close to Hamburg’s city centre, is a must attend for those seeking to learn from, network and collaborate with today’s travel industry leaders!

FIND OUT MORE… visit the CAPA Low Cost Long Haul Global Summit homepage to find out more about this not-to-be-missed opportunity to discuss relevant issues impacting the aviation sector and learn meaningful insights from your industry peers.

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