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© (c) Copyright Thomson Reuters 2019.Airline bankruptcies surge, leaving rivals vying for planes
By Laurence Frost PARIS©2024 GPlusMedia Inc.
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akoppa
Besides those mentioned past week Peruvian Airlines ceased operations too.
wtfjapan
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
wtfjapan
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
JJ Jetplane
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.