The ultra-low-cost-carrier model is proving just as successful in the U.S. as it has in Europe, with airlines achieving financial performance that most legacy carriers cannot come close to matching. The drastic restructuring that the U.S. airline industry has undergone over the past decade has certainly helped the low-cost players. Consolidation has tightened up the majors’ network -efficiency, but it has also created more opportunities for smaller, niche players to either undercut ...
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