John F. O’Connell University of Surrey, Surrey, United Kingdom
The airline industry has averaged growth rates of 5.5% over the last decade and it continues to thrive as travel has become an integral component of people’s lifestyles. Air travel propels a catalytic effect on global prosperity throughout its air transport value chain and is a key pillar of the tourism sector. The four main airline business models were examined, namely, low-cost carriers (LCCs), full-service network airlines, charter airlines, and regional airlines as each has a different set of structural dimensions, operating characteristics, and specifications. The LCCs have caused the greatest seismic ...
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