Argentina LCCs at risk if Ms Kirchner returns

Argentina's current president Mauricio Macri has followed through on pledges to liberalise the country's aviation market and the result has been a 32% jump in passenger growth from 2015 to 2018.

The more liberal approach, coupled with Argentina's low trips per capita, has attracted a flock of new low cost airlines hoping to cash in on the opportunity in the country to stimulate traffic. Three low cost airlines are now based in Argentina - Flybondi, Norwegian Air Argentina and JetSMART Argentina.

Mr Macri is presiding over economic turmoil ahead of an election in Oct-2019. Speculation is growing that Argentina's former President Cristina Fernández de Kirchner could challenge Mr Macri, and if her team were to win the election, her Peronist policies will likely become vastly different from those of her predecessor.