Global Low-Cost Airline Market Size,Share,trends and Forecast 2016
In terms of revenue, the global airline industry has grown rapidly over the years. As per the International Air Transport Association (IATA), revenues increased from US$369 billion in 2004 to US $746 billion in 2014. Much of this growth could be attributed to the growth in the low-cost carriers (LCCs), which control almost 25% of the worldwide market.