Low-cost airlines expand rapidly in developing markets across Asia and Latin America

Low-cost airlines are rapidly expanding in several developing markets. India has seen significant growth, with IndiGo dominating the sector, holding a 62% market share. This contrasts sharply with legacy carriers that have struggled. Southeast and East Asia are also emerging markets for low-cost carriers. Airlines like AirAsia and Jetstar have reshaped travel in these regions, offering affordable options and expanding their networks, including long-haul services. Latin America is now one of the fastest-growing markets for low-cost airlines. With a rising middle class and increased demand for budget travel, airlines like Jetsmart are expanding rapidly, making low-cost options more accessible across the continent.