Low-cost airlines have not reinvented the wheel. They simply bet that travelers would be willing to sacrifice service for price. And they were right. Let’s start by looking at their savings opportunities compared to traditional airlines.
To summarize, the savings come from four main areas:
- They reduced services and travel amenities to a minimum. In some cases (Ryanair) in an extreme way.
- They also reduced short-haul flight programs on very busy routes.
- They lowered the number of…