Global Low-Cost Airline Market Analysis and Forecast 2020: Now Available at Researchmoz.us
In terms of seat capacity, the global low cost carrier (LCC) industry is expanding. According to the International Air Transport Association (IATA), LCCs hold 26% share in Asia-Pacific, 54% in Southeast Asia, and 26% globally. More than 12 airlines started operating in Asia-Pacific during the period 20052015. The fast growth in Asia-Pacific can be attributed to the fact that it has some of the fastest-growing economies including China and India.
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