In an industry where there is exceeding demand for premium and luxurious airline experiences regardless of the cost, many travelers still prioritize finding a deal on flights. The low-cost market has expanded significantly over the past decade. In 2015, low-cost carriers (LCCs) carried 984 million passengers, which accounted for 28% of all scheduled passengers in the world, according to the International Civil Aviation Organization (ICAO). The demand continues as the market is expected to reach more than $440 billion globally by 2030.
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- September 20, 2024
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