How Can Airlines Offer Such Low Cost Airfares?
The low-cost airline’s main mission is to offer a more inexpensive, convenient and simpler form of transportation to its travelers. To achieve this mission, the airlines have to cut their costs to a minimum by eliminating some unnecessary expenditure. The main feature of low cost carriers is that their airfares are extremely lower than other big-scale airline companies. In Europe, for example, their airfares are half or less than that the larger airline company’s airfares. Many of these airfares are often lower than train tickets. Despite lower airfares, the profits of these airlines are often higher than larger airlines, with their sales profits going as high as 20 to 30%.
