Low-Cost Carriers - Business Model Development

This paper deals with low-cost airline business model that has overwhelmingly been the favoured mode of the airline. Fast-changing aviation industry forces low-cost carriers to transform their initial business model and therefore, author stresses further opportunities for the expansion of these models to another direction with more concentration on customer's needs as well as company's operational and financial benefits. One of the most important partial results is analysis of existing low-cost carrier's business models, describe their historical evolution and propose future modifications to stay competitive and profitable.