The low-cost carriers segment had the highest revenue in 2018, due to the initiatives by these LCC airlines to expand their businesses and increase the number of flights to new destinations. The economic slump has resulted in a fall in disposable incomes that have temporarily affected the aviation industry in the region. People have started flying more economy class, during their travel, and due to this, many airlines have increasingly opted to fly low-cost carriers in this region, which is the prime reason for the higher share of the segment. However, increasing business travel and the hybridization of some of the low-cost airlines to capture more lucrative business passengers and to strengthen their position are expected to increase the growth of the Hybrid and Others segment, during the forecast period.

Brazil’s domestic aviation market is the largest in Latin America. The country's economy is steadily recovering after the country’s economy had hit its low point in 2015. The aviation industry, in response to the economic slump, has fought hard to maintain stability. The efforts of the major airlines in the country, like GOL and LATAM Airlines Brazil, to increase their fleet capacity, proved to be fruitful, thereby increasing the growth of the aviation market. The passenger traffic in the country is now growing, and hence an increase in the inflight catering market in the country is expected. In 2018, the country experienced a 3.3% growth year-on-year in domestic passenger numbers, compared to an increase of 2% in 2017 and a negative growth of 7.8% in 2016. Additionally, LATAM introduced a new dining concept for economy class passengers on long-haul international flights over 7 hours, with free meals. The growing passenger traffic and initiatives, like the introduction of free inflight meals, are likely to propel the inflight catering market in the country.