Low-Cost Carriers and Impacts on Revenue Management

Ben Vinod
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Ben Vinod: Charter and Go

Chapter 5 in The Evolution of Yield Management in the Airline Industry, 2021, pp 229-240 from Springer

Abstract: Abstract Low Cost Carriers (LCC) introduced unrestricted tariffs leading to the core assumption of independent booking classes being no longer true. This chapter begins with a discussion on value pricing followed with restriction free pricing and lightly restricted tariffs practiced by the LCCs and its impact on network carriers. Alternative models to address restriction free tariffs to set inventory controls are reviewed. Co-existence of inventory controls for regular restricted tariffs and unrestricted tariffs for network carriers are also discussed.

Date: 2021
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DOI: 10.1007/978-3-030-70424-7_5

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