Performance in practise: low-cost airlines

Low-cost carriers (LCC) feed the hunger for air travel demand and highlighting the possible ways of improving the concept can lead to a global improvement for the airline industry. This current work will indicate the differences and similarities of the LCC model by comparing its application in Europe and its origin – USA. To a certain extent, it is logical that there are differences in the application of a specific business model; but what these differences exactly consist of and moreover, can these differences explain different performance levels are crucial questions for proving if a strategical decision that is applied within one region can be utilized in a similarly successful and fulfilling way in another. Understanding the pivotal role of business models in the light of low-cost airlines is important as the development of the airlines industry and demand for air travel services grow immensely and are expected to continue growing in the future.