Ever since the emergence of airline industry in 1949, the airline business model of a low-cost carrier (LCC), also called as no-frill/budget carriers has played an instrumental role in the development of the airline industry. The low cost carriers have offered a rise in capacity and slump in fares to the industry. The impact low cost airline has had on the air travel pattern are that LCCs provide more capacity at a lower rate, thereby broadening the travel market through affordability. These ... Read more
