Abstract
The low-cost carrier's model made remarkable gains across the globe in the prior decade, although growth was uneven domestically and intraregionally. Within this region, there are significant differences in overall country size, the size of the domestic aviation market, and the number of carriers serving the market. The largest and most developed market is in Russia, but rest of the region also experienced growth in economy airlines' activity as they discovered the power of the model to expand aviation access and lower costs. The success of low-cost carriers, however, has been halting and hampered by government decisions on foreign investment, ownership, and leasing. Still, some carriers have been able to grow and achieve gains over rivals. The recent Russian-Ukrainian war has further complicated the situation.
Original language | American English |
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Title of host publication | Airlines and Developing Countries (Advances in Airline Economics, Vol. 10) |
DOIs | |
State | Published - Jun 1 2023 |
Externally published | Yes |
Keywords
- airlines
- airports
- low cost carriers
- decision making
Disciplines
- Aviation
- Business Administration, Management, and Operations
- Tourism and Travel