Low-cost carriers poised for more growth as air travel rebounds

Low-cost carriers (LCCs) handle about one-third of global airline capacity. Analysts expect more growth as air travel recovers from the pandemic.

29 of the top 103 airlines globally are LCCs. Southwest Airlines and Ryanair lead in terms of available seat kilometers (ASKs).

LCCs operate one main aircraft type to keep costs low. They offer minimal onboard services and charge fees for extras.

The LCC model is popular worldwide. Markets like South Asia and India have over 60% LCC seat share.

Ancillary fees like baggage and seats make up half of revenues for successful LCCs. Critics say total costs aren't transparent at booking.