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Millennium Aviation paper

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How do Low-Cost Carriers perform in times of crisis?

With the global airline industry reporting billions in losses in 2008-2009ii, the crisis begged the question how low-cost carriers were affected and how they coped with a drastically changing trading climate. In more mature aviation markets, such as North America and Europe, low-cost carriers were facing a multitude of challenges as their growth appeared to saturate with ever-increasing unit costs.


So how did they do? Were they badly impacted much like the rest of the industry? And were they equally hurt as full-service network airlines such as AirFrance-KLM, Lufthansa, British Airways? Moreover, how long did it take to recover?

Download this paper to find out.