Camera self-calibration determines the precision and robustness of AT (aerial triangulation) for UAV (unmanned aerial vehicle) images. The UAV images collected from long transmission line corridors are critical configurations, which may lead to the “bowl effect” with camera self-calibration. To solve such problems, traditional methods rely on more than three GCPs (ground control points), while this study designs a new self-calibration method with only one GCP. First, existing camera distortion models are grouped into two categories, i.e., physical and mathematical models, and their mathematical formulas are exploited in detail. Second, within an incremental SfM (Structure from Motion) framework, a camera self-calibration method is designed, which combines the strategies for initializing camera distortion parameters and fusing high-precision GNSS (Global Navigation Satellite System) observations. The former is achieved by using an iterative optimization algorithm that progressively optimizes camera parameters; the latter is implemented through inequality constrained BA (bundle adjustment). Finally, by using four UAV datasets collected from two sites with two data acquisition modes, the proposed algorithm is comprehensively analyzed and verified, and the experimental results demonstrate that the proposed method can dramatically alleviate the “bowl effect” of self-calibration for weakly structured long corridor UAV images, and the horizontal and vertical accuracy can reach 0.04 m and 0.05 m, respectively, when using one GCP. In addition, compared with open-source and commercial software, the proposed method achieves competitive or better performance.