Low Cost Airlines Market Size, Trends & Growth Opportunity By Destination (Domestic, and International), By Purpose (VFR, Business Travel, Leisure Travel, and Others), By Distribution Channel (Travel agency, Online, and Others), By Region and Forecast till 2027
Market Overview
Global Low cost airlines market was valued at USD 10987.2 million in 2021 which is expected to reach USD 18,789 million by 2027 at a CAGR 9.52% from 2022-2027.
Low-cost airlines, often known as passenger airlines, offer travel tickets at a lower cost than other airlines. It is also known as a frills airline, a low cost carrier, a prizefighter, a budget airline, or a bargain airline. The low-cost airline concept incorporates a simple pricing structure and a pricing strategy that covers both offline and online ticket booking.  
Market Drivers
The primary driving factors that are projected to promote the global low cost airlines market growth include an increase in economic activity, ease of travel, lifestyle changes, urbanisation, and the travel and tourism industry. Furthermore, rising purchasing power of middle-class consumers in developing regions will boost market growth. Furthermore, increased internet penetration combined with e-literacy is likely to fuel the low-cost airline industry growth.
Market Restraints
However, volatile crude oil costs, rising terrorism and crime rates, and natural disasters are restricting factors that are likely to stymie global low-cost airless market growth.
Market Segmentation
Global Low Cost Airlines Market is segmented into destination such as Domestic, and International, by purpose such as VFR, Business Travel, Leisure Travel, and Others. Further, market is segmented into distribution channel such as Travel agency, Online, and Others.
Also, Global Low Cost Airlines Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 
Market Key Players
Various key players are discussed in this report such as Airasia Inc, Air Arabia PJSC, Ryanair Holdings plc, Azul Linhas Areas Brasileiras S.A., Indigo, LLC, WestJet Airlines Ltd., Jetstar Airways Pty Ltd., easyJet plc, Norwegian Air Shuttle As, and Virgin America
Market Taxonomy 
By Destination
• Domestic
• International
By Purpose
• VFR
• Business Travel
• Leisure Travel
• Others
By Distribution Channel
• Travel agency
• Online
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global Low cost Airlines Market TOC 
1 Introduction Global Low cost Airlines Market TOC 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Low cost Airlines Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Low cost Airlines Market, By Destination
5.1 Y-o-Y Growth Comparison, By Destination 
5.2 Global Low cost Airlines Market Share Analysis, By Destination 
5.3 Global Low cost Airlines Market Size and Forecast, By Destination
5.3.1 Domestic
5.3.2International
6 Global Low cost Airlines Market, By Purpose
6.1 Y-o-Y Growth Comparison, By Purpose
6.2 Global Low cost Airlines Market Share Analysis, By Purpose
6.3 Global Low cost Airlines Market Size and Forecast, By Purpose
6.3.1 VFR
6.3.2 Business Travel
6.3.3Leisure Travel
6.3.4others
7 Global Low cost Airlines Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Low cost Airlines Market Share Analysis, By Distribution Channel
7.3 Global Low cost Airlines Market Size and Forecast, By Distribution Channel
7.3.1 Travel Agency
7.3.2 Online
7.3.3 Others
8Global Low cost Airlines Market, By Region
8.1 Global Low cost Airlines Market Share Analysis, By Region
8.2 Global Low cost Airlines Market Share Analysis, By Region
8.3 Global Low cost Airlines Market Size and Forecast, By Region
9 North America Low cost Airlines Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Low cost Airlines Market Share Analysis, By Destination
9.3 North America Low cost Airlines Market Size and Forecast, By Purpose
9.4 North America Low cost Airlines Market Size and Forecast, By Distribution Channel
9.5 North America Low cost Airlines Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Low cost Airlines Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Low cost Airlines Market Share Analysis, By Destination 
10.3 Europe Low cost Airlines Market Size and Forecast, By Purpose 
10.4 Europe Low cost Airlines Market Size and Forecast, By Distribution Channel
10.5 Europe Low cost Airlines Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Low cost Airlines Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Low cost Airlines Market Share Analysis, By Destination 
11.3 Asia Pacific Low cost Airlines Market Size and Forecast, By Purpose 
11.4 Asia Pacific Low cost Airlines Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Low cost Airlines Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Low cost Airlines Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Low cost Airlines Market Share Analysis, By Destination 
12.3 Latin America Low cost Airlines Market Size and Forecast, By Purpose 
12.4 Latin America Low cost Airlines Market Size and Forecast, By Distribution Channel
12.5 Latin America Low cost Airlines Market Size and Forecast, Country
13Middle East Low cost Airlines Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Low cost Airlines Market Share Analysis, By Destination 
13.3 Middle East Low cost Airlines Market Size and Forecast, By Purpose 
13.4 Middle East Low cost Airlines Market Size and Forecast, By Distribution Channel
13.5 Middle East Low cost Airlines Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Airasia Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Air Arabia PJSC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ryanair Holdings plc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Azul Linhas Areas Brasileiras S.A
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Indigo, LLC 
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 WestJet Airlines Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Jetstar Airways Pty Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 easyJet plc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Norwegian Air Shuttle As
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 
15.10 Virgin America
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Low cost Airlines Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Low cost Airlines Market, By Destination
5.1 Y-o-Y Growth Comparison, By Destination 
5.2 Global Low cost Airlines Market Share Analysis, By Destination 
5.3 Global Low cost Airlines Market Size and Forecast, By Destination
5.3.1 Domestic
5.3.2International
6 Global Low cost Airlines Market, By Purpose
6.1 Y-o-Y Growth Comparison, By Purpose
6.2 Global Low cost Airlines Market Share Analysis, By Purpose
6.3 Global Low cost Airlines Market Size and Forecast, By Purpose
6.3.1 VFR
6.3.2 Business Travel
6.3.3Leisure Travel
6.3.4others
7 Global Low cost Airlines Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Low cost Airlines Market Share Analysis, By Distribution Channel
7.3 Global Low cost Airlines Market Size and Forecast, By Distribution Channel
7.3.1 Travel Agency
7.3.2 Online
7.3.3 Others
8Global Low cost Airlines Market, By Region
8.1 Global Low cost Airlines Market Share Analysis, By Region
8.2 Global Low cost Airlines Market Share Analysis, By Region
8.3 Global Low cost Airlines Market Size and Forecast, By Region
9 North America Low cost Airlines Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 North America Low cost Airlines Market Share Analysis, By Destination
9.3 North America Low cost Airlines Market Size and Forecast, By Purpose
9.4 North America Low cost Airlines Market Size and Forecast, By Distribution Channel
9.5 North America Low cost Airlines Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Low cost Airlines Market Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 Europe Low cost Airlines Market Share Analysis, By Destination 
10.3 Europe Low cost Airlines Market Size and Forecast, By Purpose 
10.4 Europe Low cost Airlines Market Size and Forecast, By Distribution Channel
10.5 Europe Low cost Airlines Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Low cost Airlines Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Asia Pacific Low cost Airlines Market Share Analysis, By Destination 
11.3 Asia Pacific Low cost Airlines Market Size and Forecast, By Purpose 
11.4 Asia Pacific Low cost Airlines Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Low cost Airlines Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Low cost Airlines Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Latin America Low cost Airlines Market Share Analysis, By Destination 
12.3 Latin America Low cost Airlines Market Size and Forecast, By Purpose 
12.4 Latin America Low cost Airlines Market Size and Forecast, By Distribution Channel
12.5 Latin America Low cost Airlines Market Size and Forecast, Country
13Middle East Low cost Airlines Market Analysis and Forecast (2017 – 2027)
13.1 Introduction
13.2 Middle East Low cost Airlines Market Share Analysis, By Destination 
13.3 Middle East Low cost Airlines Market Size and Forecast, By Purpose 
13.4 Middle East Low cost Airlines Market Size and Forecast, By Distribution Channel
13.5 Middle East Low cost Airlines Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Airasia Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Air Arabia PJSC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ryanair Holdings plc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Azul Linhas Areas Brasileiras S.A
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Indigo, LLC 
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 WestJet Airlines Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Jetstar Airways Pty Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 easyJet plc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Norwegian Air Shuttle As
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 
15.10 Virgin America
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies