Low Cost Airlines Market Size, Key Trends, Company Profiles and Forecast, 2024 Update

November 13, 2024 ⚊ 1 Min read ⚊ Views 7 ⚊ NEWS

The low cost carrier (LCC) revenue was $197.58 billion in 2023. The market will grow at a CAGR of more than 10% during 2023-2028. Affordability has become an important factor for low-cost airline companies to develop their customer base. A significant percentage of global respondents stated that affordability has become a factor for travelers while deciding holiday. Low-cost airlines have prioritized affordability as one of the key factors to attract budget-conscious travelers, leading to cost-cutting measures like charging for extras like baggage and in-flight meals.

Read details: https://www.globaldata.com/store/report/low-cost-airlines-market-analysis/

Tags: Low Cost Airlines Market

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