Beijing will have become the world’s largest airport by seat capacity within three years and Asian airports will account for half the world’s top ten, according to a growth forecast by OAG. OAG’s August FACTS report reveals the world’s current top ten airports by seat capacity and, using growth trend data for the past three years, extrapolates from this month’s ranking to show the potential situation in August 2016.
The Middle East’s low-fare sector has demonstrated a dramatic pace of growth in the last decade which shows no signs of abating, according to OAG, the market leader in airline schedule data. Low-Cost Carriers (LCCs) have grown at an average annual rate of 52% in the last decade, compared to traditional carriers who have grown at an average rate of 7% annually. LCCs in the Middle East have delivered consistently higher growth than LCCs in any other region globally in the last 10 years.
OAG, the market leader in airline schedule data, is celebrating the signing of leading low-cost carrier Air Arabia as the latest airline in the Middle East to adopt schedule analysis tools from OAG and the region’s first customer for the new, state-of-the-art ‘OAG Analyser’ system.
Handling the travel chaos caused by major flight disruptions is set to become easier with the launch of an innovative new online product by OAG.
While the world’s airlines continue to adjust their schedules and capacity daily to meet fluctuating demand in the wake of Japan’s devastating earthquakes and tsunami, OAG’s latest monthly snapshot of airline activity reveals unprecedented capacity levels planned for April.
A record number of passengers are set to fly this month, despite airlines downsizing their schedules due to the Japanese tsunami and earthquakes. The growth is being fuelled by the Middle East and Asia, as well as low-cost carriers across the globe.
Global airline capacity for March 2010 shows positive growth, when compared to the same month in both 2009 and 2008, reports OAG, the global leader in aviation intelligence, in its monthly report on trends in the supply of airline seats and flights.
Low Cost Sector Continues to Show Growth with Frequencies and Capacity Up 10%
Certain hubs reflect positive growth over 30%; Others report negative growth over 20%
Global airline capacity for September has risen for the second successive month. OAG’s monthly report on the supply of flights and seats shows the world’s airlines have scheduled 296.9 million seats, a rise of 1.4%, or 4.1 million more seats, compared to September 2008.