The top ten fastest-growing airlines in the world

Four of the top six fastest-growing major airlines in the world over the past year were low-cost carriers, new research by Routesonline has found, highlighting their ongoing disruptive force on the industry. The analysis reveals the ten carriers which have grown their capacity the quickest.

Strong growth in its domestic business coupled with the launch of its first intercontinental route helped Chinese low-cost carrier (LCC) Lucky Air to grow at a faster rate than any other major airline in the world over the past 12 months, research by Routesonline has revealed.

The airline, a subsidiary of Hainan Airlines, had 3.3 million more seats available in 2017 compared to the previous year, with a year-on-year growth rate of 35.3 percent.

Lucky Air launched its first flight in 2006 and has expanded rapidly in recent years. In addition to strong domestic growth through its strategy of flying to ‘second-tier’ cities, the airline has focused on expanding in South and Southeast Asia with flights to Kuala Lumpur and Penang among others.

In March 2017, the Kunming-based carrier took delivery of its first widebody, an Airbus A330-300, to operate long-haul services. Its second arrived in late December.

Lucky Air launched its first intercontinental service from Kunming to Moscow in June and at World Routes 2017 in Barcelona announced additional European services to St Petersburg and Helsinki. Speaking to Routesonline, marketing director Jiang Shuqiang added the carrier was planning a new base in Thailand to further its international push.

The list of fastest-growing airlines was compiled by ranking the top 100 carriers in the world by available capacity during 2017, based on figures from OAG Schedules. The data was then compared to 2016’s capacity figure and ordered by year-on-year percentage growth. All of the top 100 had more than 1 million available seats per month during 2017.

At second place in the rankings was Indonesian airline Sriwijaya Air with a 32.6 percent rise in capacity to 13 million available seats in 2017. The carrier has focused on growing internationally in recent months, particularly in China, adding services from Jakarta to Nanning and Haikou.

Fellow Indonesian airline Batik Air, owned by Lion Group, ranked third in the list of fastest-growing airlines after increasing capacity by a quarter. New routes launched by the full service carrier in 2017 included Chennai-Bali and Medan Kuala Namu-Kuala Lumpur-Chennai.

Elsewhere in the top ten were LCCs Eurowings (including Germanwings), Wizz Air and SpiceJet, demonstrating the ongoing disruptive force of budget airlines on the wider industry.

Lufthansa-owned Eurowings is one of the most eye-catching and is poised for further growth in 2018. Although the intended acquisition of Austrian carrier Niki fell foul of competition regulators, Lufthansa has vowed to invest about €1bn to rapidly grow the airline.

In December 2017, the group completed the purchase of Luftfahrtgesellschaft Walter from the administrators of Air Berlin, adding 33 aircraft to the Eurowings fleet. The aircraft comprise 20 Bombardier Dash 8 Q400s and 13 of the Airbus A320 family.

Wizz Air, meanwhile, ranked fifth in the list of fastest-growing airlines. The Hungarian LCC is mainly focussed on the Central and Eastern Europe (CEE) market but has been steadily expanding west over the past 12 months.

In June 2017 it opened a new base at London Luton Airport, its first in Western Europe, and in November announced plans to add four Airbus A320 aircraft to the base by June 2018, taking its fleet at the airport to five.

The carrier also bought slots at London Luton vacated by the collapse of Monarch and in December firmed up an order for an additional 146 Airbus A320neo family aircraft comprising 72 A320neo and 74 A321neo.

Indian LCC SpiceJet was sixth in the top ten, followed by Beijing Capital Airlines, a subsidiary of Hainan Airlines; Chinese carrier Shandong Airlines; flag carrier TAP Air Portugal; and Brazilian airline Avianca Brasil. Sitting just outside the top ten were Spirit Airlines, Juneyao Airlines and IndiGo.

The top ten:

Rank Airline 2016 capacity 2017 capacity

Year-on-year

growth

1 Lucky Air  9363265 12672426 35.3%
2 Sriwijaya Air 9807789 13009483 32.6%
3 Batik Air 16042938 20066082 25.1%
4 Eurowings (including Germanwings) 24966687 30983780 24.1%
5 Wizz Air 25763408 31012840 20.4%
6 SpiceJet 16262476 19239157 18.3%
7 Beijing Capital Airlines 15656130 18361394 17.3%
8 Shandong Airlines 27684579 32186455 16.3%
9 TAP Air Portugal 15769904 18325751 16.2%
10 Avianca Brasil 11514832 13365558 16.1%

The route development forum for the Americas
Indianapolis, Indiana  4 - 6 February 2020

Find out more

Share this article

Download How Swedavia is setting the sustainability agenda

Why Swedavia, the owner, operator and developer of a network of Swedish airports, is at the forefront of the sustainability agenda.

Download White Paper