Low-cost carriers grew capacity by more than ten percent a year in most years from the mid-nineties to the late two-thousands but have recently been shrinking, while legacy carriers grow.
What this shows: The chart covers 1995 Q1 to 2025 Q3. It plots Legacy carriers and Low-cost carriers (LCC) on a vertical axis of Year-over-year growth (%). Latest values: Legacy carriers 3.58; Low-cost carriers (LCC) -1.47. Data run through 2025 Q3.