Definition: An LCC is an airline that operates with a low-cost business model, focusing on minimizing operating expenses to offer cheaper fares. LCCs often charge extra for services like baggage, meals or seat selection, prioritizing affordability over luxury.
Examples: Ryanair, Southwest, Spirit, Indigo, SpiceJet, Akasha and many more.
Business Model:
Impact: Democratized air travel but introduced "hidden fees."