Revenue of selected low cost carriers worldwide 2022
In 2022, Southwest generated the highest revenue compared to the selected low cost airlines, amounting to 23.8 billion U.S. dollars. Ryanair achieved the second-largest revenue of 11.7 billion U.S. dollars that year. Despite the dominance of American and European companies in the low cost carrier market, AirAsia was able to catch its rivals in 2022 by generating revenue of 1.5 billion U.S. dollars.
A low-cost carrier (LCC) is an airline that doesn't provide the regular services normally added to the ticket, thereby offering cheaper prices with fewer amenities. A LCC has the ability to generate additional revenue by charging for optional checked bags, seat preferences, or onboard retail services, which are commonly referred to as ancillary services. The global airline sector generated a total of 120.8 billion dollars in ancillary revenue in 2022.
In 2022, Eurowings was the most punctual airline out of all the low-cost airlines, with a score of 95 percent. Eurowings is a company owned by Lufthansa that has been flying short and medium-haul distances in Europe since 2011.
Business model of Low-cost carriers
A low-cost carrier (LCC) is an airline that doesn't provide the regular services normally added to the ticket, thereby offering cheaper prices with fewer amenities. A LCC has the ability to generate additional revenue by charging for optional checked bags, seat preferences, or onboard retail services, which are commonly referred to as ancillary services. The global airline sector generated a total of 120.8 billion dollars in ancillary revenue in 2022.
Punctuality in the global LCC market
In 2022, Eurowings was the most punctual airline out of all the low-cost airlines, with a score of 95 percent. Eurowings is a company owned by Lufthansa that has been flying short and medium-haul distances in Europe since 2011.
