Over the past few decades, the traditional aviation market has seen significant developments.Traditional “legacy“ carriers have been challenged by new no/low-frills, low cost carriers. While these new airlines have a relatively long history in North America, more recently they successively...

Abstract: The low cost strategy has revolutionised European airlines in the past ten years. In response there has been a tendency towards low cost practices in other transport industries. Specifically, the cruising industry has changed substantially from one being the exclusive domain of the...