What is a low-cost airline?
A low-cost carrier (LCC) is an airline that offers services at minimal fares and with minimal complimentary services. The first successful company known as a low-cost carrier was the American Pacific Southwest Airlines. The historic flight of the first flight with ticket prices several times cheaper than competitors took place on May 6, 1947.
In the European market, the first budget airlines were Irish Ryanair and British EasyJet, founded in the 1990s. Their rapid growth was associated with the creation of the EU and the subsequent deregulation of European airspace – airlines were granted the right to fly between EU countries without the need for special permits, and they took off.