Low-cost carrier (LCC) markets are experiencing significant growth, driven by factors such as affordability, simplified models, expansion into emerging markets, digital transformation, and consumer preferences. However, challenges like fuel price volatility and regulatory hurdles persist. The market is projected to reach a value of USD 432.24 billion by 2030, with North America and Asia-Pacific leading the growth. Key players in the LCC market include AirAsia Berhad, EasyJet plc, IndiGo, JetBlue Airways Corporation, and Norwegian Air Shuttle ASA.

Growing Low-Cost Carrier (LCC) Market