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Old 05.02.2008, 00:43
Posts: n/a
Re: Low Cost Airline - 1p Seat Give Away Con ??!!

The cost cutting is not really new. Tour operators have been doing it for years. When you get behind the scenes a tour operator is more of a financial institution, taking money up front, buying foreign currency at the best rates, paying hotels later, selling insurance along the way. The economy airlines are that model minus the hotels, and aiming at a different market from the "2 weeks per year in the sun" one.

What the economy airlines have done is break the monopoly formerly held by the European state airlines, which has to be a good thing.
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