The Impact Of The Economic Crises From The Xxist Century On The European Low-Cost Airlines’ Market
AbstractConsidering the fact that the airlines’ market is very sensitive to the economic fluctuation, in this paper, we will analyze the impact of the 2001 and 2007 crises on the evolution of the European low-cost carriers, in terms of annual revenues and profits, number of routes, of transported passengers and changes occurred in the implemented strategies. In order to reach up this objective, we have conducted a complex analysis of the secondary data included in various international statistical reports, air transport journals, Official Airlines Guide databases and in the operators’ publications. The analysis of the information obtained showed that the two crises from the beginning of the XXIst century did not influenced very much the European low-cost airlines. In order to cope with the unfavorable economic situation, most of the European low-cost operators have implemented different strategies: while some of them have adopted a cost-cutting program, others were launching an expansion strategy. Actually, the largest European low-cost carriers (such as Ryanair and easyJet), took advantage of the unfavorable global situation, by offering more services at low prices in order to increase their market share and, consequently, the profits. Yet, the small and medium European low-cost airlines have better surpassed the 2001 crisis than the 2007 downturn.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration in its journal The USV Annals of Economics and Public Administration.
Volume (Year): 12 (2012)
Issue (Month): 1(15) (June)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Liviu Scutariu).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.