ASHWIN RAJU
|
[I AM LOW COST AND I AM present TO STAY]|
This paper discusses the unlike aspects relating to the low cost carriers .|
I AM LOW COST AND I AM HERE TO STAY
thesis : The emergence of low cost carriers and vital information about(predicate) them.
In the beginning , when aviation was commercialised , the airline
application was very regulated in the early years of the twentieth century .
The government generally had control over various aspects of
aviation such as who got to fly which route , modification carriers entry
into new trades , and the regulation of passenger fares .
The integration of jets into the market in the late
1950s and early 1960s resulted in the perseverance growing by leaps and
bounds . There was a tremendous increase in the number of people
change of location by air in the U.S and this caused great strain on the
government to manage with the complexity of air travel . The
industry also began to be affected by inflation , higher(prenominal) fuel prices ,
low economic growth & and increase labour costs and hence there
was an urgent aim for a transformation in the industry . This
ultimately guide to the onset of airline deregulation .
The deregulation in the U.
S see the emergence of
many new airlines into the market resulting in the fares expiry down
by as much as 40 percent and the number of passengers more
than getting doubled . southwestward airlines were the pi superstarers in the
low cost carriers and this led to its becoming a global trend in the
aviation industry .
In addition , low cost carriers are characterized by the
pursuance characteristics :
To begin with , in a market , all the goods and serve
are priced at a certain price which is mavin of the survival strategies
and when it comes to low cost carriers , they have only one , low
pricing .
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