Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business behind budget airlines like Ryanair and SpiritThe low-cost business model was first implemented by Pacific Southwest Airlines in 1949 and perfected by Southwest Airlines in the early 1970s.
Today, low-cost carriers like Ryanair in Europe and Spirit Airlines in the U.S. make up almost a third of all global airline capacity.
These airlines use several strategies to keep costs down including limiting their amenities to the bare minimum and charge for add-ons such as seat selection, food and luggage.
Organizations:
Ryanair, Pacific Southwest Airlines, Southwest Airlines, Spirit Airlines
Locations:
Europe, U.S