Low cost carriers, by passenger traffic

Southwest Airlines, carried approximately 126.6 million travelers in 2022, the highest traffic figure among the other selected low-cost airlines.

LCC business model

In the airline industry, ancillary revenue is a major financial constituent for low-cost carriers and ultra-low-cost carriers all over the world. Unbundled sources, such as baggage fees or on-board activities like food or Wi-Fi, represented the highest share of revenue for low cost airlines like Ryanair in Europe or Spirit Airlines in the U.S. in 2020. The success of this business model can not only be seen in the airline’s profitability but also in the increasing demand for this type of service in the aviation industry. As low-cost carriers continue to increase their market share in the air transportation sector, passengers are more inclined to choose what they want to pay for when flying.

Selected low cost carriers worldwide in 2022, ranked by passenger traffic (in millions)

Characteristic	Passengers in millions
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Release date

2023

More information

Region

Worldwide

Survey time period

2020

Supplementary notes

Airlines have different accounting periods for their financial years. Southwest, Spirit, JetBlue, AirAsia, Lufthansa, and Eurowings have periods from January to December. Ryanair, IndiGo, and Wizz Air have periods from April to March. Finally, the financial year of EasyJet ends in September every year.

Data has been compiled by Statista using the following sources:
Figure for Southwest Airlines can be accessed here.
Figure for Ryanair can be accessed here.
Figure for EasyJet can be accessed here.
Figure for IndiGo can be accessed here.
Figure for Spirit Airlines can be accessed here.
Figure for Wizz Air can be accessed here.
Figure for JetBlue can be accessed here.
Figure for AirAsia can be accessed here.
Figure for Eurowings can be accessed here.
Figure for Norwegian can be accessed here.