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Top 10 World’s Best Low-Cost Airlines

World’s Best Low-Cost Airlines 2022

1. Air Asia

  • Fleet size : 188
  • Employees : 10000+
  • Destination : 100
  • Net income : 111 million (as of 2014)

AirAsia was established in 1994 and began operations on 18 November 1996.AirAsia Berhad is a Malaysianto 100 destinations spanning 22 countries.  Its main hub is klia2, the low-cost carrier terminal at Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, Malaysia.

2. virgin america 

  • Fleet size : 55
  • Destination : 24
  • Head quartered : Burlingame, California

Virgin America, is a United States-based airline that began service on August 8, 2007. The airline’s stated aim is to provide low-fare, high-quality service for “long-haul point-to-point service between major metropolitan cities on the Eastern and West Coast seaboards.

In early 2004, Virgin Group announced its intent to start a new, United States-based, low-fare airline it named “Virgin USA”. At the time, Virgin USA expected flights to begin by mid-2005. After considering several key areas, the San Francisco Bay Area was picked to be the location of its flight operations center, and later its corporate headquarters

3. Norwegian

  • Fleet size : 100
  • Destination : 126
  • Head quatered : Fornebu (Bærum), Norway

Norwegian Air Shuttle ASA trading as Norwegian, is the third largest low-cost carrier in Europe. 22 Founded in January 1993.  It offers a high-frequency domestic flight schedule within Scandinavia and Finland, and to business destinations such as London, as well as to holiday destinations in the Mediterranean and the Canary Islands,

4. easy jet

  • Fleet size : 217
  • Destination : 134
  • Headquarters : London Luton Airport Luton, United Kingdom
  • Employees : 9,649 (2014)

EasyJet is a British low-cost airline carrier based at London Luton Airport. It established in 1995 , It is the largest airline of the United Kingdom, by number of passengers carried, operating domestic and international scheduled services on over 700 routes in 32 countries .

5. jet star airways

  • Fleet size : 72
  • Destination : 35
  • Headquartered : Collingwood, Melbourne, Victoria, Australia

Jetstar Airways Pty Ltd, trading as Jetstar, is an Australian low-cost airline . It is a wholly owned subsidiary of Qantas, created in response to the threat posed by low-cost airline Virgin Blue. Jetstar is part of Qantas’ two brand strategy of having Qantas Airways for the premium full-service market and Jetstar for the low-cost market. Jetstar carries 8.5% of all passengers travelling in and out of Australia.

6. Air Asia X

  • fleet size : 20
  • Destination : 19
  • Headquartered : Sepang, Selangor,Malaysia

AirAsia X Berhad (previously known as FlyAsianXpress Sdn. Bhd.)founded in 2007, operated as AirAsia X, is a long-haul, budget airline based in Malaysia, and a sister company of AirAsia. It commenced operations on 2 November 2007 with its first service flew from Kuala Lumpur International Airport, Malaysia, to Gold Coast Airport in Australia.The franchise is able to keep costs down by using a common ticketing system, aircraft livery, employee uniforms, and management style.

7. West Jet

  • Fleet size : 139
  • Destination : 90
  • Headquartered : Calgary, Alberta, Canada

Founded in 1990 by Clive Beddoe, David Neeleman, Mark Hill, Tim Morgan and Donald Bell, WestJet was based on the low-cost carrier business model pioneered by Southwest Airlines and Morris Air in the United States.

WestJet Airlines Ltd. is a Canadian carrier that provides scheduled and charter air service to 90 destinations in Canada, the United States, Europe, Mexico, Central America and the Caribbean. Founded in 1996, it is currently the second-largest Canadian air carrier, behind Air Canada

8. Indigo

  • Fleet size : 96
  • Destination 38
  • Net income : $49 million
  • Headquartered: Gurgaon, India

IndiGo (InterGlobe) is an Indian budget airline company headquartered at Gurgaon, India. IndiGo was set up in early 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh S Gangwal, It is the fastest growing and also the largest airline in India with a market share of 38.4% in June 2015.

IndiGo’s first international service was launched between New Delhi and Dubai on 1 September 2011. Over the following weeks, the international services were expanded to serve Bangkok, Singapore, Muscat and Kathmandu.

9. Jetstar Asia

  • Fleet size : 18
  • Destination : 21
  • Headquartered : Singapore Changi Airport

Jetstar Asia was launched in 2004 as a partnership between Qantas, holding a 49% stake in the airline, Singaporean businessmen Tony Chew and FF Wong and the Singapore government’s investment company

Jetstar Asia Airways Pte Ltd (operating as Jetstar Asia) is a low-cost airline based in Singapore. It is one of the Asian offshoots of parent Jetstar Airways, the low-cost subsidiary airline of Australia’s Qantas airline. It operates services to regional destinations inSoutheast Asia to countries such as Burma, Cambodia, Malaysia, Philippines, Thailand and Vietnam. It also flies to regional routes in East Asia such as Japan, Taiwan and Hong Kong.

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10. Azul Linhas

  • Fleet Size : 149
  • Destination : 109
  • Headquartered : Barueri, Brazil.

Azul Linhas Aéreas Brasileiras S/A (Azul Brazilian Airlines; or simply Azul) is a Brazilian low cost carrier based inBarueri. The company’s business model is to stimulate demand by providing frequent and affordable air service to underserved markets throughout Brazil. The company was named Azul (“Blue” in Portuguese) after a naming contest in 2008, where “Samba” was the other popular name. It was established on May 5, 2008 by Brazilian-born David Neeleman (founder of American low cost airline JetBlue), with a fleet of 76 Embraer 195 jets.The airline began service on December 15, 2008.

According to the Brazilian Civil Aviation Authority (ANAC), between January and December 2015 Azul had 17.0% of the domestic and 7.8% of the international market shares in terms of passengers per kilometer flown, making it the third largest airline in Brazil, after LATAM and GOL

Source : skytrax survey. company profile – Wikipedia

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Alaska Airlines Acquisition of Hawaiian Airlines Reshapes the Air Travel Landscape

Alaska Airlines' Acquisition of Hawaiian Airlines Reshapes the Air Travel Landscape

Alaska Air Group, Inc. (NYSE: ALK) and Hawaiian Holdings, Inc. (NASDAQ: HA) jointly announced today the execution of a definitive agreement, signifying Alaska Airlines’ acquisition of Hawaiian Airlines at a cash price of $18.00 per share. The total transaction value stands at approximately $1.9 billion, encompassing Hawaiian Airlines’ net debt of $0.9 billion.

The combination of complementary domestic, international, and cargo networks

This strategic union is poised to open up an array of additional destinations, providing consumers with increased choices in crucial air service options across the Pacific region, Continental United States, and globally.

The transaction is anticipated to establish a robust platform for growth and competition in the U.S., offering enduring employment opportunities, ongoing community investments, and a commitment to environmental stewardship.

Key Points:

  1. Acquisition Overview:
    • Alaska Air Group to acquire Hawaiian Holdings for $18.00 per share in an all-cash transaction, totaling approximately $1.9 billion.
    • Combined company aims to maintain the strong, high-quality brands of Alaska Airlines and Hawaiian Airlines.
  2. Fleet Expansion and Network Reach:
    • Creates the fifth-largest U.S. airline with a fleet of 365 narrow and wide-body airplanes.
    • Enables access to 138 destinations through combined networks and over 1,200 destinations via the oneworld Alliance.
  3. Hub Development and Connectivity:
    • Honolulu to become a key hub for the combined airline, offering expanded services to the Continental U.S., Asia, and the Pacific.
    • Tripling the number of destinations from Hawai‘i to North America, while maintaining robust Neighbor Island service.
  4. Commitment to Hawai‘i:
    • Strong commitment to Hawai‘i, ensuring robust Neighbor Island air service.
    • Aiming for a more competitive platform supporting growth, job opportunities, community investment, and environmental stewardship.
  5. Employee and Union Commitment:
    • Commitment to maintaining and growing the union-represented workforce in Hawai‘i.
    • Immediate value creation with at least $235 million of expected run-rate synergies.
  6. Investor Call and Timeline:
    • Investor conference call scheduled for today at 5:00 p.m. ET / 2:00 p.m. PT / 12:00 p.m. HT.
    • Anticipated closing of the transaction within 12-18 months.
  7. Strategic and Financial Rationale:
    • Complementary networks to enhance competition and provide greater choice for consumers.
    • Preservation of both Alaska and Hawaiian Airlines’ brands on a single operating platform.
    • Expected to deliver high single-digit earnings accretion for Alaska Airlines within the first two years.
  8. Community and Sustainability Commitment:
    • Focus on growth in union-represented jobs and strong operational presence in Hawai‘i.
    • Commitment to environmental stewardship, aligning with Alaska Airlines’ five-part path to net zero by 2040.
  9. Synergies and Accretion:
    • Expected run-rate synergies of at least $235 million.
    • Transaction multiple of 0.7 times revenue, approximately one third the average of recent airline transactions.
  10. Conditions to Close:
  • Approval by regulatory authorities and Hawaiian Holdings, Inc. shareholders.
  • Expected to close in 12-18 months, with the combined organization based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.
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