Global rank: 1
AirAsia Berhad is a Malaysian-based low-cost airline. AirAsia is Asia’s largest low-fare, no-frills airline and a pioneer of low-cost travel in Asia. AirAsia group operates scheduled domestic and international flights to over 400 destinations spanning 25 countries.
Global rank: 2
Air Arabia is a low-cost airline with its head office in Sharjah, United Arab Emirates.
The airline is the first and largest low-cost airline in the Middle East, Air Arabia operates scheduled services to 46 destinations in the Middle East, North Africa, the Subcontinent, Central Asia and Europe to 22 countries from Sharjah, 11 destinations in 10 countries from Casablanca and five destinations in five countries from Alexandria, Egypt.
Global rank: 3
Ryanair is an Irish ultra low-cost airline. Its headquarters is located at Dublin Airport with its primary operational bases at Dublin and London Stansted Airports.
Ryanair operates over 290 Boeing 737-800 aircraft. The airline has been characterised by rapid expansion, a result of the deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model.
Global rank: 4
Hainan Airlines is an airline headquartered in the HNA Development Building in Haikou, Hainan, China. It is the largest privately-owned air transport company and the fourth-largest airline in terms of fleet size in China.
It operates scheduled domestic and international services on 500 routes from Hainan and nine locations on the mainland, as well as charter services.
Global rank: 5
Allegiant Air is an American low-cost airline owned by Allegiant Travel that operates scheduled and charter flights.
Allegiant Travel Company is a publicly traded company with 1,300 employees and one billion dollar market capitalization. The corporate headquarters is in Enterprise, Nevada, near Las Vegas.