Airline Cost Structure. Low-cost carriers (LCCs). Research Paper (Research Paper Sample)
Write a paper on any aspect of the course that interests you within the confines of Objectives for that week's materials you are reading. The paper (text) must be a minimum of 1000 words and be in APA formatting. APA format requires double space, cover page, headers, and a references list. Please refer to the Course Research Center in the forum area for help with writing.
Also, the paper must have at least 3-5 references, meeting the requirements of an academic reference (Wikipedia and similar sites do not count). References cannot be older than 5 years.
Airline Cost Structure
Airline Cost Structure
Low-cost carriers (LCCs) are understood as airlines that do not have many of the usual services offered in the fare, leading to fewer comforts and lower fares. For these airlines to compensate for revenue lost in reduced ticket costs, they might charge for extras, for instance, baggage, seat allocation, priority boarding, and food (Minkova, 2013). This paper analyzes the airline cost structure of low-cost carriers. It also examines the methods that LCCs use to achieve sustainable competitive cost advantages over the network full service airlines.
The idea of an LCC began in the 1970s with Southwest Airlines, an American domestic carrier. It aimed to offer cheap airfares to airline passengers. This led to a situation in which the legacy airlines or the established traditional full cost airlines lost a substantial amount of their market share to the newly formed LCCs, solely due to the capacity of these low-cost carriers to charge lower prices over the traditional carriers (Hunter, 2014).
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