- Low-cost carriers accounted for 28% of all passengers traffic in 2016. It’s a percentage that’s still growing.
- The rise of low-cost carriers has disrupted an industry traditionally dominated by major legacy carriers.
- These major airlines are now fighting back with low-cost options of their own.
- The availability of more low-cost flights is ultimately better for the consumer.
Over the past two decades, low-cost carriers have turned the airline industry upside down. In 2016, the purveyors of cheap, no-frills flying accounted for 28% of all passenger traffic around the world. That’s up 10% since 2014.
Low-cost airlines have transformed the way people fly in read more >>>
Source : BusinessInsider.Com