LCC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Low-Cost Carrier (LCC) Market Report is Segmented by Aircraft Type (Narrowbody and Widebody), Destination (Domestic and International), Distribution Agency (Online and Travel Agency), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Sizes and Forecasts for all the Above Segments in Terms of Value (USD).

LCC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Low-Cost Carrier (LCC) Market Size

Low-Cost Carrier (LCC) Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 296.62 Billion
Market Size (2030) USD 630.28 Billion
CAGR (2025 - 2030) 16.27 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Low-Cost Carrier (LCC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Low-Cost Carrier (LCC) Market Analysis

The Low-Cost Carrier Market size is estimated at USD 296.62 billion in 2025, and is expected to reach USD 630.28 billion by 2030, at a CAGR of 16.27% during the forecast period (2025-2030).

Post-COVID-19, low-cost carriers (LCCs) spearheaded the airline sector's rebound. Their agility and cost-efficiency allowed them to swiftly cater to the surge in demand following the relaxation of travel restrictions. With the growing number of travelers prioritizing affordability over luxury, LCCs are poised for significant growth in the coming years.

Global low-cost airlines witnessed a remarkable surge in recent years, propelled by heightened economic activities, streamlined travel, a booming tourism sector, rapid urbanization, evolving lifestyles, and a clear consumer preference for budget-friendly, direct, and frequent services. Airlines are intensifying efforts to enhance aircraft sustainability in response to escalating sustainability concerns. This includes curbing carbon emissions, adopting sustainable aviation fuels, and exploring carbon capture technologies.

Budget airlines are strategically positioning themselves to capitalize on evolving travel trends and tap into previously overlooked markets by focusing on point-to-point air routes and extending services to underserved or secondary airports.

Low-Cost Carrier (LCC) Industry Overview

Key players in the low-cost carrier market operate in a moderately fragmented landscape. Some of the key players in the market are InterGlobe Aviation Limited (Indigo), Southwest Airlines Co., SpiceJet Ltd, Spirit Airlines Inc., and Easy Jet PLC. This market has a mix of domestic, regional, and global players, each vying for a larger share. These players have strategically expanded into different regions, enhancing their service reach. As global aviation operations expand, players increasingly form partnerships and alliances to stay competitive and meet evolving customer demands.

Low-Cost Carrier (LCC) Market Leaders

  1. Southwest Airlines Co

  2. Spicejet Ltd

  3. Easy Jet Plc

  4. InterGlobe Aviation Limited (Indigo)

  5. Spirit Airlines, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Low-Cost Carrier (LCC) Market Concentration
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Low-Cost Carrier (LCC) Market News

April 2024: Air Arabia, an airline in the Middle East and North Africa, launched a 'super seat sale,' offering discounts on 150,000 seats across its flight network. The promotion covered direct flights from multiple Indian cities to three UAE airports, including Sharjah, Abu Dhabi, and Ras Al Khaimah.

January 2023: Indigo bolstered its fleet to 300 aircraft, positioning itself to cater to rising travel needs, both domestically and internationally.

Low Cost Carrier (LCC) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Aircraft Type
    • 5.1.1 Narrow Body
    • 5.1.2 Wide Body Aircraft
  • 5.2 Destination
    • 5.2.1 Domestic
    • 5.2.2 International
  • 5.3 Distribution Channel
    • 5.3.1 Online
    • 5.3.2 Travel Agency
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Russia
    • 5.4.2.5 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Latin America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Rest of Latin America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profile
    • 6.2.1 Air Arabia PJSC
    • 6.2.2 AirAsia Group Berhad
    • 6.2.3 Alaska Air Group Inc.
    • 6.2.4 InterGlobe Aviation Limited (Indigo)
    • 6.2.5 Azul SA
    • 6.2.6 Easy Jet PLC
    • 6.2.7 JetBlue Airways Corporation
    • 6.2.8 Norweigan Air Shuttle
    • 6.2.9 Ryan Air
    • 6.2.10 Southwest Airlines Co.
    • 6.2.11 Spicejet Ltd
    • 6.2.12 Spirit Airlines Inc.
    • 6.2.13 Westjet Airlines Ltd

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Low-Cost Carrier (LCC) Industry Segmentation

In contrast to traditional airlines, low-cost carriers prioritize lower fares over added comforts. By forgoing some standard services, they maintain a leaner operational cost structure. While ticket prices are notably reduced, these carriers offset the difference by charging for additional services like food, priority boarding, and baggage.

The low-cost carrier (LCC) market is segmented by aircraft type, destination, distribution channel, and geography. By aircraft type, the market is segmented into narrowbody and widebody aircraft. By destination, it is divided into domestic and international. By distribution channel, it is classified into online and travel agencies. The report also covers the market sizes and forecasts for the LCC market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Aircraft Type Narrow Body
Wide Body Aircraft
Destination Domestic
International
Distribution Channel Online
Travel Agency
Geography North America United States
Canada
Europe Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America Brazil
Rest of Latin America
Middle East and Africa Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
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Low Cost Carrier (LCC) Market Research FAQs

How big is the Low-Cost Carrier Market?

The Low-Cost Carrier Market size is expected to reach USD 296.62 billion in 2025 and grow at a CAGR of 16.27% to reach USD 630.28 billion by 2030.

What is the current Low-Cost Carrier Market size?

In 2025, the Low-Cost Carrier Market size is expected to reach USD 296.62 billion.

Who are the key players in Low-Cost Carrier Market?

Southwest Airlines Co, Spicejet Ltd, Easy Jet Plc, InterGlobe Aviation Limited (Indigo) and Spirit Airlines, Inc. are the major companies operating in the Low-Cost Carrier Market.

Which is the fastest growing region in Low-Cost Carrier Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Low-Cost Carrier Market?

In 2025, the North America accounts for the largest market share in Low-Cost Carrier Market.

What years does this Low-Cost Carrier Market cover, and what was the market size in 2024?

In 2024, the Low-Cost Carrier Market size was estimated at USD 248.36 billion. The report covers the Low-Cost Carrier Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Low-Cost Carrier Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

LCC Industry Report

Statistics for the 2025 Low-Cost Carrier (LCC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Low-Cost Carrier (LCC) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.