The steadily increasing market share of low-cost carriers in almost all aviation markets around the world and the continued world economic turmoil seems to indicate that low-cost carriers may one-day carry the majority of air passengers.
Low-cost carriers increased their market share to 30.2 percent in North America in 2012 and nearly 38 percent in Europe, according to a 2013 report by travel industry solutions company Amadeus.
The report showed that low-cost carriers gained market share in each of the seven world regions with Asia and the Middle-East registering the highest growth.
Another interesting fact is that in some countries such as Spain (57%) and the UK (52%), low-cost carrier passengers already comprise a majority of air travelers.
At this rate, we wouldn’t be surprised if, probably a decade or so in the future, low-cost carriers dominate world air travel. Would you agree?