[Economics Q] How did low cost "no frills" airlines become popular?
I am writing a report on what caused the rise of LCC in the aviation market? What factors caused airlines such as Southwest, Easyjet, Ryan air to rise? Thanks
Asked By: Chaz D - 3/19/2008
Best Answer - Chosen by Asker
First off, remember there is Southwest the original low cost carrier. Everyone else is a copycat but none has been as successful as Southwest... More
Answered By: FRUMBY - 3/19/2008
Additional Answers (5)
The concept began in the States, then spread to Europe in the 90's. The idea was to provide a no-fuss, no-hassle service, purely to take passengers from point A to point B. These companies manage to reduce turn around times, as well as operating costs (overheads), therefore enabling them to sell flights at lower prices... More
Answered By: Mac - 3/19/2008
Answered By: John B - 3/19/2008
In one sense, it's how the market has evolved... More
Answered By: Kasey C - 3/19/2008
One reason Southwest was so successful, while all the big Airlines such as American, United, Delta, Continental. Where duking it out with much longer flights to major cities. Southwest was able to find a niche with much shorter domestic flights... More
Answered By: Ezz17 - 3/19/2008
I think the rise is mostly tied to broader access to information powered by the internet. In economics the consumer is closer to having "perfect and complete information" (http://en.wikipedia.org/wiki/Perfect_competition). In the fog of the past airlines could extract more loyalty with frequent flier programs and... More
Answered By: Frodo - 3/22/2008
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