Based on a sample of 26 European passenger airlines, this study analyzes the development of airline business models … convergence trend. The present paper complements the mostly qualitative and anecdotal literature on convergence in the airline … the fields of empirical convergence analysis and corresponding strategic airline management. …

Pegasus Airlines has been an unique airline, as it changed its business model from a charter airline business model to … a low-cost airline business model and is currently positioned itself with low-cost network carrier business model. The … aim of this study is to examine the change of business model of Pegasus Airlines, which has been operating in airline …