The authors discuss how these airlines successfully transformed inefficient and stagnant markets in developed countries and examine which industries benefited from the increased affordability of air travel. They find that the tourism sector, in particular, has experienced a strong impact, a sector that has great potential for further growth, especially in emerging countries.
This book outlines the role that international development agencies such as the World Bank Group can play in facilitating the development of LCCs in its client countries. It is a must-read for all those who are interested in the development of air service, the challenges and opportunities air carriers are experiencing in emerging markets, and the particularities of the low-cost airline industry.
