How do some budget carriers manage to be so efficient and even more comfortable for a lower price? The distinctions between budget and full-service carriers are much more complicated and strategic than travelers tend to think.

00:00 Intro
01:19 Evolution of LCCs
05:11 Hub and spoke vs point to point
07:11 Main vs secondary airports
07:52 Aircraft type and seating
08:59 Loyalty programs
10:07 Distribution methods and ticketing
11:58 Unbundling
14:15 Airline type evolution

Sources:
1) The Best and Worst Airlines of 2022 https://www.wsj.com/articles/best-wor...
2) Best and worst airlines in 2023 https://www.which.co.uk/reviews/airli...
Southwest Airlines' Early History: A Brief Guide https://simpleflying.com/southwest-ai...
3) Valuing Airline Loyalty Programs https://stifel2.bluematrix.com/docs/p...


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