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Title: The Peculiarities of Low-Cost Carrier Development in Europe
Authors: Sabaitytė, Jolanta
Davidavičienė, Vida
Van Kleef, Gerard Frederick
Keywords: low-cost carrier
development
airline industry
airline issues
transport industry
industry growth
Issue Date: 2020
Publisher: MDPI
Citation: Sabaitytė, J.; Davidavičienė, V.; Van Kleef, G.F. The Peculiarities of Low-Cost Carrier Development in Europe. Energies 2020, 13, 639.
Series/Report no.: 13;3
Abstract: Low-cost carriers (LCCs) have been growing by 11.4% in revenue passenger kilometers over 2017 and changed the airline industry radically. It drove down prices in the industry. Southwest Airlines (USA) designed the LCC blueprint model, and Ryanair copied it within Europe, followed by other airlines. This research aims to fulfill the gap in contemporary research upon LCC successfulness in Europe by a description of the current situation within Europe (2018 and January 2019) and the development issues it faced, which are mapped by the Ishikawa fishbone diagram. Furthermore, to rank the airlines on strength and vulnerability, The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) methodology was used for meeting LCC characteristics and airline success. By comparison of meeting the LCC characteristics and the rank of the successfulness, the results of the TOPSIS analysis showed that the airlines meeting the most LCCs characteristics are seemingly less vulnerable to the development issues that airlines are facing, as Wizz Air and Ryanair are meeting most characteristics and are the most successful. Concluded is that airlines meeting the most LCC characteristics are the least vulnerable to current issues. However, major disruptions can still form an issue and limit growth. This research can be useful for comparing and positioning airlines in the market, based on issues and operational choices.
Description: This article belongs to the Special Issue Innovation in Energy Security and Long-Term Energy Efficiency
URI: http://dspace.vgtu.lt/handle/1/4072
ISSN: 1996-1073
Appears in Collections:Moksliniai straipsniai / Research articles

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