The Evolution of the Low-Cost Airlines Between 2000 and 2011. Comparative Analysis Across American and European Low-Cost Operators

Diaconu (maxim) Laura ()
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Diaconu (maxim) Laura: Alexandru Ioan Cuza University of Iasi, Romania

Annals - Economic and Administrative Series -, 2012, vol. 6, issue 1, 115-128

Abstract: The two economic and financial crises from the beginning of the XXIst century have significantly influenced the global airlines’ market. The purpose of the present paper is to identify the evolution of the European and American low-cost airlines (LCCs) between 2000 and 2011, underling the impact of the 2001 and 2007 crises on their economic performances. Moreover, we correlate the ability of LCCs to withstand and effectively respond to the economic downturns to the specific elements of their strategies. In order to achieve these objectives we have conducted a complex analysis of the secondary data included in various international statistical reports, air transport journals, Official Airlines Guide databases and in the operators’ publications. The conclusions of the paper underline that while the 2001 events influenced more the American LCCs, the 2007 crisis affected both European and American LCCs. Yet, the negative consequences of these crises were less felt by the biggest LCCs from the two continents.

Keywords: economic crisis; European low-cost airlines; American low-cost operators; business strategy; business environment (search for similar items in EconPapers)
Date: 2012
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