ICAO: LCCs market share reach 31% in 2018

    ICAO reported (31-Dec-2018) LCCs consistently grew at a faster pace than the world average growth, and its market share continued to increase, both in advanced and emerging economies. LCCs handled around 1.3 billion passengers in 2018, accounting for 31% of the world total scheduled passengers. Market share of LCCs was the highest in Europe at 36% of total passengers carried in the region, followed by Latin America/Caribbean, North America, and Asia Pacific with 35%, 30% and 29%, respectively.