In 2019, 256 new airlines entered the industry (listing scheduled capacity for the first time) and continued to operate up to 2023. However, 20% (50 airlines) of the original 256 failed to file any capacity this year, highlighting the tough challenge of managing airline start-ups.
The top 15 largest airlines entering the market since 2019 are mostly restructured or expanded existing carriers, with only 1 truly new entrant.
There have been various reasons why some airlines have failed to continue to operate in 2023 – some sadly failed due to the war in Ukraine, some transitioned from scheduled to charter services, and some just completely disappeared; can anyone remember OCL Barbados or Gran Colombia de Aviacion for instance?
Read original article