2017 has seen growth for Low Cost Carriers (LCCs) in Latin America through both start-ups and airlines changing their business models. Despite mixed outlooks for the region due to political crises in major countries and commodity price and exchange rate shocks in 2016, IATA forecasts 5.4% annual growth of Revenue Passenger Kilometers (RPKs) over the next 20 years. LCCs are on a mission in the region to capture a large portion of that growth.

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