How Low-Cost Carriers (LCCs) Are Slowly Taking Over The Airline Industry And What Full Service Network Carrier (FSNCs) Are Doing To Fight Back.
International airline industry has become an integral part of the global economy. In fact, nearly every part of the world has been reached with airline services. Remarkable and appreciable developments have taken effect in the airline industry since 1950s when jet airplanes were introduced. In the early stages of airline developments, mush control and regulations were imposed on their operations. Excess control of the airline operations made competition and profitability limited. Nevertheless, the deregulation of the ...