Russian LCCs lag behind BRIC counterparts

Premium Analysis

Russia was hit hard in the global financial crisis. As its GDP fell more than 6% in 2009, domestic capacity plunged 15% and demand fell away 10% over the year. Airport passenger traffic, however, rebounded strongly in 2010 with many airports posting 20%-plus year-on-year gains. LCCs, however, have not had a large part to play in this growth.

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