Ready for takeoff?: the potential for low-cost carriers in developing countries

The emergence of Low-Cost Carriers (LCCs) has been a key catalyst for the development of the aviation industry in the last decade. This book identifies various definitions that have been applied to describe the LCC business model. In essence the majority of researchers define LCCs as carriers, which, through a variety of operational processes, have achieved a cost advantage over Full-Service Carriers. The key characteristics that can generally be found in LCCs are: (i) Simple service offering; (ii) Short-haul, point-to-point route structure; (iii) Usage of secondary airports; (iv) High aircraf.;Front Cover; Contents; Foreword; Acknowledgments; About the Authors; Executive Summary; Abbreviations; Introduction; Chapter 1 The Low-Cost Carrier Business Model; Definition; Key Elements of the LCC Business Model; Figures; Figure 1.1 Average Daily Aircraft Utilization by LCCs, 2011-12; Figure 1.2 LCC Average Stage Length, 2013; Figure 1.3 Online Distribution as Percentage of Total Distribution, 2011-12; Figure 1.4 Labor Productivity Comparison, 2011-12; Figure 1.5 Adherence to Low-Cost Model, 2011-12; Are Low-Cost Carriers Really Low Cost?