Increasing competition in the US Aviation market.
12/14/2016
Looks like increasing competition time in the US aviation market, with news that low-cost carrier Norwegian Air International (the Irish-based subsidiary of Norwegian) has been awarded a foreign carrier permit by the US Department of Transport to expand its transatlantic services from Cork and Shannon airports in the Irish Republic.
In recent months Norwegian has seen trade increase by 73% on its current transatlantic routes, seeing it soar in the rankings from 39th largest carrier to 23rd.
The leading non-US carriers are Emirates, British Airways, and Lufthansa however, Qatar has now burst into the top 10 with 37% growth and has just added its 11th route, to Las Vegas.
The result is great news for travelers, but bad news for United and American Airlines who between them have a two-thirds share of the US aviation market.
The UK remains the leading foreign destination from the States with just under 30% of the market, but China has surged forward with a near 20% share.