European Low-Cost Carriers Thrive, US Low-Cost Carriers Struggle
RYAAY Ryanair Holdings Plc ADR
$54.00 +2.84%
View chart & analysis → - 1Low-cost airline models dominate short-haul routes in Europe but have failed to gain a foothold in the US.
- 2Ryanair carried over 200 million passengers last year, while the largest US low-cost carrier Frontier carried 33 million.
- 3Experts cite differences in cost structures, airport conditions, and consumer perception as causes, and Spirit Airlines also collapsed this year.
So what's the key point?
Low-cost airlines are doing well in Europe, but they are not doing well in the US. Experts say European airlines stuck to ways of reducing costs, while US airlines were unable to do so.
Source CNN Business · View original ↗
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