business

Airline bankruptcies surge, leaving rivals vying for planes

4 Comments
By Laurence Frost

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The major reason is that all these low cost carriers tried to take action away from the high priced carriers. The problem with that is that the high cost carriers responded by lowering prices and still offering better services at a slightly higher price.

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The problem with that is that the high cost carriers responded by lowering prices and still offering better services at a slightly higher price.

thats the beauty of competition, lower prices better services for the consumer

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Actually you find that the purely budget carriers that have become really big are the ones dominating the market and run much higher profit margins compared to country brand carriers

https://www.youtube.com/watch?v=069y1MpOkQY

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Besides those mentioned past week Peruvian Airlines ceased operations too.

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