Business

Low-cost carriers capture up to 40% of thai market

LCC passengers rose from 17.7 million in 2011 (a 26.6% market share) to 21.9 million in 2012 (28.8%), 28.2 million in 2013 (31.9%) and 35 million in 2014 (38.6%).

Published

5 years ago

March 8, 2016

Boris Sullivan

Low-cost carriers (LCCs) continued to flex their muscle in Thailand’s aviation sector last year, capturing more than 40% of the market with over 45 million passengers.

As the popularity of budget air travel grows, no-frills carriers are poised to increase their share of the overall airline market by 5-10 percentage points annually.

Tassapon Bijleveld, chief executive of Thai AirAsia (TAA), the country’s largest LCC, believes LCCs can make up for half of total commercial air traffic passing through Thai airports this year.

“It would not be irrational to envisage LCCs comprising 75% of air traffic in Thailand in five years or so,” he told the Bangkok Post.

Screenshot of outbound flight at Don Mueang International Airport

The second phase of the development at Don Mueang International Airport is now complete and ready to accommodate more passengers as of March 8th.

According to Airports of Thailand (AoT) President Nitinai Sirismatthakarn, the second phase of the development consists of improvements to Passenger Terminal 2, three concourses, a southern walkway and toilet facilities.

Don Mueang International Airport is now able to accommodate 12 million more passengers annually or around 30 million people per year

LCCs have expanded over the last decade from essentially zero to penetrating almost 30% of Thailand’s total market

LCCs in 2012 accounted for 51% of domestic seat capacity in Thailand and 16% of international seat capacity, according to OAG data. LCCs in the year ending 30-Sep-2012 accounted for 28% of passengers at major airports in Thailand, including about 50% of domestic passengers and about 16% of international passengers, according to Airports of Thailand data.

LCCs over the last four years have doubled their traffic at Thailand’s main airports to over 20 million passengers, including 13.5 million domestic passengers and 6.9 million international passengers. The rate of LCC growth has been equal in both the domestic and international markets, sandwiching market leader Thai Airways.

Source: Low-cost carriers eat into market | Bangkok Post: business

Business

Thailand’s automotive sector expected to produce 1.4m cars this year

This increase in output is a result of the recovery of domestic and export markets, with the annual output for 2021 expected to be around 1.4 million.

Published

2 days ago

January 25, 2021

National News Bureau of Thailand

Thailand Automotive Institute (TAI) anticipates the overall output from Thailand’s automotive sector this year to be around 1.4 million cars. They are, however, still cautious over automobile exports until at least March this year, due to the resurgence of COVID-19 cases around the world.

(more…)

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Published

1 week ago

January 19, 2021

Asian Development Bank

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)

Business

Asia’s supply chains to be tested by COVID-19 vaccine delivery

The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries in cooling boxes as well as 15,000 flights.