RANKED: The 10 best cheap airlines in the world

AirAsia has been named the best low-cost airline in the world by leading consumer aviation website Skytrax for the eighth consecutive year.

The Sepang-based airline was presented with the award on Tuesday at a ceremony during the 2016 Farnborough Airshow.

"We just won world's best low-cost Airline for the eighth time, which is pretty damn cool," AirAsia CEO Tony Fernandes told Skytrax. "I want to thank all my staff who ensure that low-cost doesn't mean low quality."

"Even though we've won this award eight times, we know we can be better, we want to improve our customer service, we want to improve talking to you," Fernandes added.

The Skytrax rankings are based on the impressions of 19.2 million travelers from 104 different countries. The survey, which covered more than 280 airlines, measured 41 parameters ranging from boarding procedures to seat comfort to the quality of service.

Here are the 10 best low-cost airlines in the world, according to the results of the Skytrax survey.