The inexorable rise of low-fare airlines is fundamentally changing commercial aviation across short-, medium- and long-haul markets. According to Allied Market Research, the global low-fare airline market valued at US$117 billion is forecast to hit $207 billion by 2023. As a result, legacy and regional carriers are transforming how they operate to avoid being left behind in this ultra-competitive segment, with service and support partners also evolving rapidly to meet the challenge of soaring demand.
LARA Global is an unmissable event for professionals currently working in low-fare and regional aviation, or with a vested interest in how the market is evolving.
There are over 60 low-cost carriers in Europe alone, with the world’s emerging regions following suit as the LCC business model is proven to gain market share wherever it is implemented. Already some LCC operators are themselves being challenged by emerging ultra-low-cost carriers.
At the same time, network, legacy and full service regional airlines are transforming their own strategies to meet the challenge, forming their own low-fare brands or adopting a hybrid approach, all focussed on the massive potential of online ancillary revenue opportunities. With several legacy airlines collapsing last year alone, the consequences of not adapting are obvious.
“The aviation industry boasts a diverse events calendar, but there is a clear absence of a global event focusing on the opportunities and challenges facing low-fare airlines and regional carriers, OEMs, airports and the service sector. The ongoing success of LARA magazine and our associated online channels demonstrate the unwavering demand, innovation and ambition synonymous with this sector. We will be delivering an agenda that will make LARA Global the must-attend industry event in 2019.”
Mark Thomas, LARA editor and conference chair
With a growing choice of new-generation regional jets, narrow-body and wide-body aircraft arriving on the market with better, more fuel-efficient engines and enhanced operational capabilities, and secondary and tertiary airports around the world increasingly wanting to cater as regional feeder hubs for LCCs to firm up their own futures, low-fare operators can right-size their turboprop and jet fleets and continue driving global air passenger traffic growth.
To meet this demand, aircraft and engine lessors and the Maintenance, Repair and Overhaul (MRO) service sector are also having to raise their own games, employing state-of-the-art technologies and digital real-time data advances to enhance safety, efficiencies and reduce Aircraft-on-Ground time.
But with the air passenger market to double to nearly 8 billion people by 2036 from this year’s forecast figure of nearly 4 billion, according to IATA, major challenges lie ahead if this demand is to be met in a sustainable manner as the strain on human resources and the supply chain grows.
With LARA celebrating its 35th anniversary in 2019 and boasting unrivalled industry knowledge and experience, where better to learn more and network with airlines and the wider commercial aviation sector’s top executives?
The two-day conference will feature some of the sector’s most innovative thought-leaders, providing unparalleled opportunities for networking, education and collaboration. It will also see the launch of the inaugural LARA awards, recognising the market’s most outstanding companies.
The event will delve into a diverse array of topics affecting low-fare and regional aviation’s ongoing development – and discuss just what the industry might look like in the coming years.
For more information on the conference programme, please click here.
To register your interest in attending LARA Global as a conference delegate, please click here.