Low-Cost Airline Market Poised for Major Growth, Projected to Hit $315 Billion by 2028
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Low-cost carrier market projected to reach $315 billion by 2028, with 65% growth in 5 years
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Key drivers include rise in domestic travel, tourism, and convenience of online booking
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Low-cost airlines attracting more leisure and business travelers
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Market recovery after pandemic disruptions allowing airlines to look ahead to growth
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Low-cost carriers expanding networks and fleets to meet increasing travel demand