Low cost carriers - Factbites

Low cost carriers - Factbites
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Topic: Low cost carriers

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In the News (Wed 11 Nov 09)

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	UAL Names VP For Low-Cost Carrier; New Planned Operating Stats Emerge
		Even with yield growth and mainline cost reductions, "United will continue to be uncompetitive in these markets," the presentation said, so the airline needs to "develop a low-cost offering and achieve a cost structure competitive" with the existing low-cost carriers.
		As part of detailed presentations recently made to its union leaders and creditors committee, United defined its concept for its low-cost carrier, explained why it will be competitive, and tried to explain how United will avoid the failures of similar efforts by other U.S. major carriers.
		The presentation declares all previous attempts by major airlines to operate low-cost carriers failed "due to a lack of competitive cost structure."
	www.aviationnow.com /avnow/news/channel_aviationdaily_story.jsp?id=news/ual02253.xml (659 words)

	SkyscraperCity Forums - Westjet - Canada's Low-Cost Carrier
		According to one analyst, the likely candidates to partner with WestJet once the new system is implemented are low-cost carriers in the United States such as JetBlue Airways and Southwest Airlines Co., or international carriers such as Cathay Pacific Airways, which last fall said it was in exploratory talks with WestJet.
		Two of Canada's discount air carriers, WestJet Airlines and Halifax-based Canjet, are increasing their attention to the British Columbia market with new flights, the success of which should be helped by the departure of bankrupt Jetsgo from domestic airline wars.
		Rising fuel costs also pushed down the company's yield, a key measure of revenue per passenger mile, to 18.2 cents (Canadian) in the quarter from 18.5 a year earlier.
	www.skyscrapercity.com /showthread.php?t=224752 (6043 words)

	Low-cost carrier to get United's Miami flights
		United's decision to fly Ted to and from Miami will benefit the airport because it will increase the number of popular low-cost carriers, said Miguel Southwell, the Miami-Dade Aviation Department's assistant director for business development.
		United Airlines this fall will move its daily service from Miami International Airport to its low-cost carrier, a move designed to increase passenger numbers.
		Miami officials are talking with Asian carriers such as Japan Airlines to add service to major economic centers such as Tokyo, Taiwan and other cities in Europe and Africa as a way to boost Miami's economy.
	www.miamitodaynews.com /news/050623/story1.shtml (326 words)

	Forbes.com: Low-cost airlines outline different success models
		Recently he told reporters that carriers like his company's American Airlines, one of the so-called legacy airlines, will be able to generate a revenue premium compared with low-cost carriers.
		All the executives said they expect the legacy carriers will be able to adopt some of the successful strategies of their low-cost competitors, but they will not be able to reinvent themselves from scratch.
		Low-cost airlines now account for about 20 percent to 25 percent of the market.
	www.forbes.com /business/commerce/newswire/2004/04/26/rtr1347644.html (783 words)

	ABC News: India's Wadia Group Plans Low-Cost Airline
		Budget carriers cut costs by doing away with in-flight meals, adding more seats, selling tickets on the Internet and working with a small crew.
		"We want to be the lowest-cost airline in India," Wadia said, adding his airline would target passengers traveling in air-conditioned train coaches and overnight bus services.
		India's Wadia Group Plans Low-Cost Airline; in Talks With Boeing, Airbus for 50 Jets
	abcnews.go.com /Business/wireStory?id=1051205 (371 words)

	Guardian Unlimited The Guardian Manchester opens to low-cost airline
		The airline, which already operates from Cardiff and east Midlands airports, appears to have ended Manchester's caution about low-cost carriers and is the first of its kind to offer a significant number of cheap flights - up to 50 a week - from the airport.
		BmiBaby is to operate three flights a day to Belfast, with fares as low as £12.50, including tax.
		John Spooner, Manchester airport's managing director, said yesterday that charter airlines, including Monarch and Air2000 Direct, were offering bargain flights alongside no-frills carriers.
	www.guardian.co.uk /uk_news/story/0,3604,897899,00.html (451 words)

	Northwest Chief Rules Out Starting a Low-Cost Airline
		Government regulations require each airline to have a specific rank of senior managers for separate operations, he said, and duplicating those layers of management will drive up costs at a time when the struggling carriers can ill afford it.
		Further, he said, airlines are creating complications for themselves by trying to apportion landing slots, aircraft, terminal space and the personnel needed to run the new carriers.
		Executives at AMR's American Airlines have also said they are studying whether to start a low-fare operation.
	www.nytimes.com /2003/12/04/business/04air.html?ei=5035&en=f8eb1089565a689e&ex=1156914000&adxnnl=1&partner=MARKETWATCH&adxnnlx=1108742878-fwcbh6gJ07Amp4Z4qcpYLA (721 words)

	Low Cost Airline Symposium Flying into New Delhi
		“We are currently finalising a very interesting programme of speakers, including executives from low cost carriers in several regions, including India and Europe, several full service carriers, industry suppliers, financiers, government and tourism.
		The Centre for Asia Pacific Aviation’s Low Cost Airline Symposium: Indian Subcontinent and Gulf Region, which takes place in New Delhi, is expected to be the biggest of the three symposiums staged by the consultancy and publications group this year.
		Senior executives from airlines, airports, industry suppliers and investors will descend on India for a major conference focusing on the rapidly-expanding low-cost airline revolution in Asia and the Gulf on 5-6 July.
	www.asiatraveltips.com /travelnews04/35Symposium.shtml (390 words)

	United’s low-cost carrier Ted takes inaugural flight (printable version)
		United parent UAL Corp. hopes Ted will be competitive with low-cost carriers that are snatching customers from big airlines.
		Executives said Ted will be different from other low-fare carriers because it will be linked to United’s frequent-flyer program.
		Company officials said their cost-cutting efforts, which include slashing labor expenses and overhauling aircraft leases, are on track to save nearly $5 billion annually by 2005.
	www.rgj.com /news/printstory.php?id=63841 (324 words)

	Atlantic Coast Pushes Ahead With Plans to Become Low-Cost Carrier
		Late Tuesday evening, ACA announced that it had agreements to buy 25 planes from Airbus' A320 family of aircraft, which are favored by low-cost carriers and have a smaller number of seats than the wide-body aircraft used by network carriers.
		Back in late July, when ACA announced plans to become a low-cost carrier, ACA declined to renegotiate lower rates to its contract to fly out of Dulles for United, which is restructuring under Chapter 11 bankruptcy protection.
		The name was announced on Wednesday at the carrier's Washington D.C. hub, and it's fitting because ACA needs to fight off an unsolicited takeover bid by Mesa Airlines (MESA:Nasdaq) in order to turn itself into a low-cost airline.
	www.thestreet.com /pf/markets/ericgillin/10127576.html (613 words)

	Harrisburg, Pa., Airport Seeks New Low-Cost Carrier @ Airport News (AirportBusiness.com)
		Low-cost carriers "also bring down the price of competing low-cost carriers, which boosts the effects of having a low-cost carrier," Forsgren said.
		Carver took a two-sided view, cautioning that HIA needs to attract a low-cost carrier that provides service to more than one destination, and that it also should consider that Southwest is operating in neighboring airports.
		Testa and his staff will be able to identify and secure a low-cost carrier for that particular route," Carver said.
	www.airportbusiness.com /article/article.jsp?id=3784&siteSection=4 (493 words)

	SAA may launch low cost carrier : Moneyweb
		The market share of the low-cost or low-fare carriers is growing significantly which shows that there is an existing market, which doesn’t care about the frills.
		The company has a dual strategy to compete with low cost carriers.
		This would kill low cost carrier competition — we would not be on a level playing field.
	www.moneyweb.co.za /shares/industrials/509257.htm (619 words)

	Discount airlines Vacation and Discount airlines Travel
		Discount airlines, also known as no-frills carriers or low cost carriers (LCC), are airlines that offer cheap flights.
		Although low-cost airlines have attracted growing numbers of travelers, that success is not carrying over to the value of their stock.
		However making low cost connections can often work out significantly cheaper and in many cases is the only way of getting between two European cities.
	www.travel-information-service.com /travel/Discount_airlines (1740 words)

	Low-cost carrier - Wikipedia, the free encyclopedia
		As of 2004, low cost carriers are now edging into Australasia, led by operators such as Malaysia's Air Asia, and Australia's Virgin Blue.
		A low-cost carrier or low cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services.
		The first successful low-cost carrier was Pacific Southwest Airlines in the United States, which pioneered the concept when their first flight took place on May 6, 1949.
	en.wikipedia.org /wiki/Low-cost_carrier (1271 words)

	Low-cost carrier - Wikipedia, the free encyclopedia
		As of 2004, low cost carriers are now edging into Australasia, led by operators such as Malaysia's Air Asia, and Australia's Virgin Blue.
		The first successful low-cost carrier was Pacific Southwest Airlines in the United States, which pioneered the concept when their first flight took place on May 6, 1949.
		A low-cost carrier (United States English) or low cost airline (British English) (also known as a no-frills or discount carrier / airline) is an airline that offers low fares but eliminates most traditional passenger services.
	en.wikipedia.org /wiki/Low-cost_carrier (992 words)

	Low Cost Carriers
		Low Cost Carriers often propose cheap fares with restrictions, which means that after making the reservation it is difficult and often impossible to change or cancel the booking.
		Low Cost Carriers generally fly to an airport outside the centre of London, which means: extra time and money to get from the airport to the centre of London.
		The proliferation of Low Cost Carriers (LCC) is the newest trend in the airline industry.
	www.tq3.lu /ca/d/ica (2444 words)

	Aerocaribe To Relaunch As Low-Cost Airline
		Mexico's state-owned airline holding company, Cintra, will re-launch Aerocaribe as a low-cost carrier in May as part of its plan to sell off Aeromexico and Mexicana de Aviacion.
		Foreign airlines could bid for the carriers, although they are barred under Mexican law from holding more than a 25 percent stake.
		He said Cintra will decide in May or June whether the airlines will be sold privately, through a share issue or a combination of the two.
	news.airwise.com /story/view/1110278493.html (305 words)

	Low-cost airline aims to start here
		Should the airline close down its hub, as it is threatening to do unless it gets a deal to lower its airport costs, the new carrier's plans could accelerate.
		With low fares, the group also is hoping to recapture many of an estimated 700,000 travelers who drive from southwest Pennsylvania to other airports to take advantage of cheaper prices.
		Because of the slump in the airline industry, with carriers like US Airways forced to cancel airplane leases and trim back future orders, there are many aircraft on the market for sale or lease.
	www.post-gazette.com /pg/03288/231212.stm (1198 words)

	Low-cost air carrier shuts down
		FLYi Inc., the parent company of low-fare carrier Independence Air, announced yesterday it had run out of both cash and time and would cease all flights as of Thursday evening, just 18 months after taking to the skies.
		Some analysts were skeptical from the beginning about its survival because Independence Air planned to operate as a budget carrier while maintaining a relatively high-cost hub-and-spoke flight system using 50-seat regional jets that are less efficient than larger planes.
		U.S. law requires other carriers to offer stand-by flights to passengers with un-refunded tickets from airlines that have ceased operations.
	www.post-gazette.com /pg/06003/631568.stm (685 words)

	BBC NEWS Business Low-cost carrier ups the frills
		All the low-cost carriers have managed to win favour with the increasingly price-conscious business sector.
		The carrier, which keeps its ticket prices down by cutting overheads deemed unnecessary, operates a non-reserved seating policy.
		Easyjet believes corporate travellers may now be happy to part with a little bit of extra cash for added convenience.
	news.bbc.co.uk /1/hi/business/4249751.stm (262 words)

	NewsRoom Finland
		In Finland, low-cost carriers have less than 6 per cent of the market, whereas elsewhere in Europe their share is nearly 20 per cent.
		"The low-cost carrier market is rather underdeveloped in Finland," Sterling chief executive Almar Örn Hilmarsson argued for the campaign into Finland at a press conference held Tuesday in Helsinki.
		Far from bowing to the Finnish national carrier, the gesture was embarrassing to the mighty market leader; Mr Hilmarsson's suitcase had not arrived in time, a glitch for which the T-shirt was meant as compensation.
	newsroom.finland.fi /stt/showarticle.asp?intNWSAID=10243&group=Business (317 words)

	United Airlines to launch low-cost carrier next year (printable version)
		DENVER — United Airlines on Wednesday said it will launch a low-cost carrier from its Denver hub in February, flying to five destinations including Reno and Las Vegas before expanding service nationwide.
		The bankrupt airline’s goal is to better compete with discount carriers such as Frontier, JetBlue and Southwest that have grown quickly amid the economic downturn.
		Because Southwest does not serve Denver, the new carrier is not a major competitive threat in Reno, Southwest spokeswoman Melanie Jones said from Dallas.
	www.rgj.com /news/printstory.php?id=51913 (437 words)

	United revises proposal for low-cost carrier
		United has said it needs the low-cost, low-fare carrier to combat increasing price competition from discount carriers such as Southwest Airlines Co. Union opposition to the proposal has complicated negotiations on new labor contracts to cut overall expenses, including wages and benefits for the main airline.
		Plans for the revamped low-cost carrier were disclosed this week in documents seeking approval from a bankruptcy-court judge to impose new contract terms if agreements aren't reached by early May.
		Instead of splitting off the low-cost airline's work force as initially proposed, United has now suggested that each work group, such as the pilots, be covered by a single labor contract and seniority list for the main airline and discount operation.
	seattlepi.nwsource.com /business/113231_united20.shtml (354 words)

	SIREN SONG / Competitors watch closely as Delta introduces its new low-cost carrier
		He also questioned whether the mainline legacy carriers can change their corporate cultures enough to get the stylish, low-cost carrier idea right.
		United's pilots will triple their monthly hours in the cockpit to 95 hours, the company has said, and employees of the low-cost carrier will be paid less than workers at the main company -- even though United's major unions have already agreed to pay cuts that range up to 30 percent.
		In an attempt to revive its lagging fortunes, United, the world's second- largest airline and the dominant carrier at San Francisco International Airport, plans to start a low-cost carrier to compete with smaller, more- nimble airlines such as Southwest and JetBlue.
	www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2003/04/20/BU73949.DTL&type=business (1299 words)

	Qantas to launch new domestic low cost carrier in May
		He also rejected suggestions that the decision to launch a new low cost carrier in Australia was designed to spark a price war with Virgin or dent its rival's plan to float on the Australian stock market.
		Dixon said the new carrier was expected to reach profitability "reasonably quickly" and have a cost base comparable to other discount carriers.
		Qantas will launch the yet-to-be-named carrier in May, just 19 months after its low cost international carrier Australian Airlines took to the skies.
	www.industrysearch.com.au /news/viewrecord.asp?ID=12989 (663 words)

	Fly Low Cost
		All special/low fares, whether you are taking a flight with a "regular" or a "low cost" airline, are dependent on availability.
		This Web site provides information to business and pleasure travelers, as well as aviation enthusiasts, on "low cost" airlines worldwide, in order to create global awareness and encourage business and pleasure travelers in flying with these airlines.
		So, take your time and compare the cost of an airline ticket between the two types of carriers.
	www.flylowbudgets.com (324 words)

	SSRN-Low Cost Carrier Growth in the U.S. Airline Industry: Past, Present, and Future by Harumi Ito, Darin Lee
		This paper documents the growth of low cost carriers (LCCs) in the U.S. airline industry since 1990.
		Ito, Harumi and Lee, Darin, "Low Cost Carrier Growth in the U.S. Airline Industry: Past, Present, and Future" (April 9, 2003).
		Low Cost Carrier Growth in the U.S. Airline Industry: Past, Present, and Future
	papers.ssrn.com /soL3/papers.cfm?abstract_id=719741 (276 words)

	Boston.com / Business / Polish low-cost carrier grounds flights
		Air Polonia, previously a cargo and charter carrier, began running low-cost flights in December 2003.
		Air Polonia, Poland's low-cost airline, suspended all flights indefinitely on Sunday in a possible prelude to bankruptcy after an expected investor canceled plans to inject $10 million into the company, airline officials said.
		Mandl said his company made that decision in an effort to maintain trust in budget carriers in Central Europe.
	www.boston.com /business/articles/2004/12/05/polish_low_cost_carrier_grounds_flights (328 words)

	Gulf region gets new low-cost carrier
		EasyJet, the European low cost airline, will be interviewing Australians for cabin crew positions next month.
		The airline will compete with debted-laiden Kuwait Airways, but the two carriers are expected to sign cooperation agreements in early 2005.
		No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
	www.travelbiz.com.au /articles/d9/0c029dd9.asp (362 words)

	Traveltrade: It's on: Asia low-cost carrier merger.(Jetstar Asia, ValuAir)@ HighBeam Research
		Singapore-based low-cost carrier Valuair confirms it is close to striking a deal to merge with rival Jetstar Asia.
		If the merger proceeds, it will be the first instance of consolidation in Asia's low-cost aviation industry,...
		Talks between the two carriers broke down earlier this month with a dispute over shareholder structure, but a spokesman claimed last week the parties had come back to the negotiating table and were close to reaching agreement.
	www.highbeam.com /library/doc0.asp?DOCID=1G1:135519060&refid=holomed_1 (218 words)

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In the News (Wed 11 Nov 09)