Airlines
The low-cost carrier (LCC) business model has proved successful throughout the world but particularly so in Asia Pacific. Typical LCC strategies include operating at secondary airports, flying a single airplane type, increasing airplane utilization, relying on direct sales, offering a single-class product, avoiding frequent-flyer programs, and keeping labor costs low. Over the past 10 years, the region's LCCs have generated an average annual growth rate of 24.5 percent. By comparison, Europe's LCCs grew 13.4 percent annually during the same period, and North America's grew a modest 2.2 percent annually.
AirlinesThe low-cost carrier (LCC) business model has proved successful throughout the world but particularly so in Asia Pacific. Typical LCC strategies include operating at secondary airports, flying a single airplane type, increasing airplane utilization, relying on direct sales, offering a single-class product, avoiding frequent-flyer programs, and keeping labor costs low. Over the past 10 years, the region's LCCs have generated an average annual growth rate of 24.5 percent. By comparison, Europe's LCCs grew 13.4 percent annually during the same period, and North America's grew a modest 2.2 percent annually.
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