30-Dec-2008 1:15 PM
LCC traffic and profits to boom in 2009 as legacy airlines suffer
Analysis
Low cost carriers (LCCs) will outpace their full service rivals in terms of traffic growth and earnings in 2009, according to IATA and ICAO projections. Storm conditions in 2008 have already helped the LCC segment gain a larger slice of global aviation. Now predicted tougher economic conditions and lower fuel prices will give the LCC sector a major advantage in 2009.
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