Firefly took the top spot by offering a one-way flight tickets, including 20 kg of checked-in baggage fees, at an average of 30 euros.
SpiceJet, which was placed at the second spot, was offering a one-way ticket at an average of 52.24 euros, while the cost of one-way ticket of IndiGo, placed in the eighth position, came to 68.37 euros.
Onur Air of Istanbul (Turkey) secured the third position with average ticket fare being 55.70 euros, while low-budget Malaysian carrier AirAsia, which has recently launched its operation in India, was placed fourth on the list, said 'whichairline.com' website, which provides affordable air tickets and airport information worldwide.
Europe's cheapest airline was Istanbul-based Pegasus Airlines, whose average price of ticket was 64.64 euros dashing the popular belief that Ryanair was the cheapest carrier in the continent.
Singapore-based TigerAir, that also operates to India was placed in the ninth position, while the tenth position was secured by Mexico-based VivaAerobus.
SpiceJet was placed at fourth position when basic average fare, without including the 20 kg checked-in baggage fees, was taken into consideration.