Here are the top 10 fastest-growing airlines

India GoAir

Eight of them are from Asia. Source: Shutterstock.

WHILE Malaysia-based airline AirAsia was named Asia’s leading low-cost airline for the sixth year in a row at the 2018 World Travel Award Asia and Australasia, it is not the fastest-growing.

In fact, the fastest-growing airline in the world may surprise you.

Industry-disrupting low-cost carriers are on the rise, so it comes as no surprise that some of the fastest-growing airlines for the first half of 2018 are low-cost carriers.

In fact, a new research by Routesonline has found that eight out of the 10 fastest-growing airlines in the airline space are low-cost carriers.

Mirror, mirror, on the wall, who is the fastest of them all? India’s GoAir.

India GoAir

Source: Shutterstock.

The Mumbai-based airline grew its capacity at a faster rate than any other major airline in the world during the first six months of 2018 thanks to a string of new domestic routes and frequency increases.

Owned by the conglomerate Wadia Group, GoAir had 1.7 million more departure seats available during the first half of this year compared with the same period in 2017.

“In total, almost 7.3 million departure seats were on offer, up from 5.6 million a year earlier. The figure gave it a growth rate of 30.7 percent,” Routesonline wrote.

GoAir was founded in 2005 by Jehangir Wadia, son of Indian industrialist Nusli Wadia. It commenced operations using an Airbus A320 aircraft and operated its inaugural flight from Mumbai to Ahmedabad on Nov 4, 2005.

Today, it operates from 23 destinations in India with more than 1,550 weekly flights. The new routes added this year include Ahmedabad – Chandigarh, Delhi – Nagpur, and Hyderabad – Lucknow.

India GoAir

Source: Shutterstock.

Coming in close is another Asian airline, Shanghai-based Spring Airlines, known locally as Spring Autumn Airlines.

An aviation subsidiary of Shanghai Spring International Travel Service, Spring Airlines was established in 2004 before starting operations in 2005 with its maiden flight on the Shanghai – Yantai route.

In 2016, the Chinese airline reported a net profit of CNY950 million (US$143 million). In 2018, it saw a growth of about 2.1 million seats.

of August 2018, the Spring Airlines fleet consists of 80 Airbus A320-200 aircraft, with orders for 45 Airbus A320neo aircraft and 15 Airbus A321neo placed.

Spring Airlines Shanghai China

Source: Shutterstock.

Here are the top 10 fastest-growing airlines for the first half of 2018:

  1. GoAir (Mumbai, India)
  2. Frontier Airlines (Colorado, America)
  3. Spring Airlines (Shanghai, China)
  4. Avianca Brasil (Sao Paulo, Brazil)
  5. Wizz Air (Budapest, Hungary)
  6. Vietjet (Hanoi, Vietnam)
  7. Citilink Indonesia (Jakarta, Indonesia)
  8. Sriwijaya Air (Tangerang, Indonesia)
  9. IndiGo (Gurgaon, India)
  10. Eurowings (Düsseldorf, Germany)

The list of fastest-growing airlines was compiled by ranking the top 100 carriers in the world by available capacity during the first half of 2018, based on figures from OAG Schedules Analyser.

The data was then compared to the capacity figure during the same period in 2017 and ordered by year-on-year percentage growth.