About every third plane passenger in Scandinavia travels with budget airlines, according to a new market analysis from SAS Airlines.

The market share of low-cost airlines operating in Norway, Sweden and Denmark has stabilised and in the fiscal year of 2014-15 accounted for about 35 percent of all flights, the analysis found.

SAS estimates that airline companies operating on the Scandinavian market sell around 90 million flights annually and make about 80 billion kroner in revenue.

READ MORE: Record year at Copenhagen Airport thanks to Ryanair

Short haul flights
The report indicates that many of the flights in the region are short-haul, because of the mountainous terrain and the long distances between cities in Sweden and Norway.

One average, Scandinavians fly four times a year, while other Europeans only fly twice per year.