Low Cost Carriers - Evolution, Strategies and Performance
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Sprache:Englisch
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Produktdetails
Format
ePUB
Kopierschutz
Nein
Family Sharing
Nein
Text-to-Speech
Nein
Erscheinungsdatum
14.07.2003
Verlag
GRINSeitenzahl
35 (Printausgabe)
Dateigröße
738 KB
Auflage
1. Auflage
Sprache
Englisch
EAN
9783638204859
Seminar paper from the year 2003 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7 (A-), University of Cologne (Business Planning and Logistics), course: Global Competition in the Aviation Industy, 35 entries in the bibliography, language: English, abstract: In the last three decades low-cost carriers (hence forward referred to as LCCs) have
captivated travellers by making the world smaller through cheap short-haul flights.
Travellers in the United States have benefited from this concept since the 1970s;
whereas, the development in Europe has been much more recent. Lately, LCCs have
been quite a hot topic especially since the terrorist attacks on September 11, 2001.
Many LCCs have amazed investors with their financial performance, as they
successfully earned profits in a time when most conventional carriers reported major
losses. In Europe, LCCs have entered the market in order to gain market share and to
take part in the success of the business. In Germany, the LCC market has taken off with
the emergence of two new carriers in the end of 2002.
To best understand the low-cost concept, the evolution of LCCs in the United States and
in Europe is examined in the second chapter. Furthermore, the background of the most
successful LCC Southwest, still being the role model for other LCCs, is presented. In
the third chapter the competition theory of Michael Porter is discussed in order to be
able to analyse the competitive strategies followed by the LCCs in the chapter four.
The fifth chapter gives a brief outline on the most striving marketing strategies among
LCCs. Marketing strategies are examined in the fifth chapter. The performance of LCCs
is analysed in the sixth chapter, and a comparison to the performance of conventional
carriers is conducted. An outlook for the future can be found in chapter seven.
captivated travellers by making the world smaller through cheap short-haul flights.
Travellers in the United States have benefited from this concept since the 1970s;
whereas, the development in Europe has been much more recent. Lately, LCCs have
been quite a hot topic especially since the terrorist attacks on September 11, 2001.
Many LCCs have amazed investors with their financial performance, as they
successfully earned profits in a time when most conventional carriers reported major
losses. In Europe, LCCs have entered the market in order to gain market share and to
take part in the success of the business. In Germany, the LCC market has taken off with
the emergence of two new carriers in the end of 2002.
To best understand the low-cost concept, the evolution of LCCs in the United States and
in Europe is examined in the second chapter. Furthermore, the background of the most
successful LCC Southwest, still being the role model for other LCCs, is presented. In
the third chapter the competition theory of Michael Porter is discussed in order to be
able to analyse the competitive strategies followed by the LCCs in the chapter four.
The fifth chapter gives a brief outline on the most striving marketing strategies among
LCCs. Marketing strategies are examined in the fifth chapter. The performance of LCCs
is analysed in the sixth chapter, and a comparison to the performance of conventional
carriers is conducted. An outlook for the future can be found in chapter seven.
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