Thailand’s low-cost airline industry has grown rapidly as number of fleet tripled in the last five years.
According to the CAPA Fleet Database, low cost carrier (LCC) fleet in Thailand has more than tripled in size, from just 42 aircrafts in 2013 to 136 by April 2018. LCCs account for 45 per cent of the country’s total commercial aircraft fleet. The aircraft number is expected to reach 150 by the end of 2018.
LCC capacity has also increased more than threefold, from approximately 11 million domestic LCC seats in 2012 to 33 million in 2017.
Thai AirAsia, which was one of the first LCCs to launch in Thailand in 2004, remains as the market leader. Its fleet has doubled in size over the past five years from 28 to 59 aircrafts.