Schlumberger, Charles E.Weisskopf, Nora2014-09-162014-09-162014-09-10978-1-4648-0282-9https://hdl.handle.net/10986/20191The emergence of low-cost carriers (LCCs) has been a key catalyst for the development of the aviation industry in the last decade. Indeed, extensive research has been undertaken to analyze the business model and impact on the aviation sector and beyond. Despite recent developments in the LCC markets in Asia and Latin America, much of the research has been focused on developed countries. Therefore, the purpose of this book is to identify the premises and prerequisites of the LCC model, and assess whether this business model could be successful in other less-developed countries, in particular the countries of Sub-Saharan Africa. This book identifies various definitions that have been applied to describe the LCC business model. In essence the majority of researchers define LCCs as carriers which, through a variety of operational processes, have achieved a cost advantage over full-service carriers (FSCs). This cost advantage is, in most cases, translated to the consumers by a lower fare offering. Although many carriers are defined as LCCs, the LCC model has developed into many different variations since the original Southwest Airlines model, the first U.S. LCC, which began operations in the 1960s.en-USCC BY 3.0 IGOACCIDENT RATESACCIDENT STATISTICSACCIDENTSAERONAUTICAL CHARGESAFFORDABLE FARESAIRAIR NAVIGATIONAIR SERVICEAIR SERVICESAIR TRAFFICAIR TRAFFIC CONTROLAIR TRANSPORTAIR TRAVELAIR TRAVELERSAIRCRAFTAIRCRAFT SIZEAIRCRAFT TYPESAIRLINE ECONOMICSAIRLINE INDUSTRYAIRLINESAIRPORTAIRPORT AUTHORITYAIRPORT BUSINESSAIRPORT CHARGESAIRPORT COMPETITIONAIRPORT DEVELOPMENTAIRPORT INFRASTRUCTUREAIRPORT OPERATIONSAIRPORT OPERATORSAIRPORT TERMINALSAIRPORTSAIRWAYSALTERNATIVE MODESANCILLARY REVENUESAVIATION INDUSTRYAVIATION POLICYAVIATION SECTORBAGGAGEBAGSBOXESBROADCASTBUSBUS OPERATORBUS TRAVELBUSINESS MODELBUSINESS MODELSBUSINESS OPPORTUNITYCALL CENTERSCAPABILITIESCAPABILITYCAPACITY BUILDINGCAPITAL EQUIPMENTCAPITAL INVESTMENTCARCARGOCARRIERSCERTIFICATESCOMMERCECOMMERCIAL BANKSCOMMODITYCOMMUNICATIONS TECHNOLOGYCOMPETITIVE ADVANTAGECOMPETITIVE ADVANTAGESCONGESTIONCONNECTIVITYCOPYRIGHTCUSTOMER BASECUSTOMER DEMANDDEREGULATIONDIRECT SALESDISTRIBUTION CHANNELSDISTRIBUTION NETWORKDISTRIBUTION SYSTEMDISTRIBUTION SYSTEMSDOMESTIC FLIGHTSDOMESTIC TRAFFICDRIVINGE-MAILECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC ANALYSISECONOMIC ASSESSMENTECONOMIC BENEFITSECONOMIC DEVELOPMENTECONOMIC EFFECTSECONOMIC GROWTHECONOMIC REGULATIONECONOMIES OF SCALEENERGY EFFICIENCYESCALATORSEXTERNALITIESFARE LEVELSFARE REDUCTIONFARE STRUCTUREFARESFARES INCREASESFINANCIAL INCENTIVEFINANCIAL RESOURCESFIXED COSTSFLEET RENEWALFLEETSFLIGHTFLIGHT TIMEFUELFUEL AVAILABILITYFUEL COSTFUEL COSTSFUEL EFFICIENCYFUEL EXPENDITURESFUEL FUELFUEL PRICESGENERATIONGLOBALIZATIONHANDLINGHEAVY TRAFFICHUMAN RESOURCESICTIMAGESINFORMATION SERVICESINFRASTRUCTURE CHARGESINFRASTRUCTURE PLANNINGINNOVATIONINTERNATIONAL AIR TRANSPORTINTERNATIONAL AIR TRANSPORT ASSOCIATIONINTERNATIONAL AIRPORTINTERNATIONAL BUSINESSINTERNATIONAL CIVIL AVIATION ORGANISATIONINTERNATIONAL FINANCEINTERNATIONAL MARKETSINVENTORIESINVESTMENT CLIMATEINVESTMENT PROGRAMKNOWLEDGE MANAGEMENTLABOUR PRODUCTIVITYLICENSELICENSESMAINTENANCE COSTSMANAGEMENT SYSTEMSMARKET CONDITIONSMARKET DEMANDMARKET DISTORTIONSMARKET SHAREMARKETINGMODE OF TRANSPORTMODES OF TRANSPORTNATIONAL TRANSPORTNAVIGATION SATELLITE SYSTEMSNAVIGATIONAL AIDSNEGATIVE EXTERNALITIESNETWORKSNEW MARKETSNOISEONLINE DATABASEPASSENGER REVENUEPASSENGER SERVICESPASSENGER TRAFFICPASSENGER TRANSPORTPASSENGER VOLUMESPASSENGERSPAYLOADPDFPEAK FARESPHOTOPOLLUTIONPOPULATION GROWTHPOWERPRICE SENSITIVITYPRICE-SENSITIVEPRIVATE PARTNERSHIPPRIVATE SECTORPROCUREMENTPURCHASING POWERQUERIESRESULTRESULTSREVENUE PASSENGERROADROAD INFRASTRUCTUREROAD NETWORKROUTEROUTESRUNWAYRUNWAYSSAFETYSATELLITESECURITY STANDARDSSERVICE PROVIDERSERVICE PROVIDERSSUPPLY CHAINTAXTELEPHONETIME PERIODTRAFFICTRAFFIC FORECASTSTRAFFIC GROWTHTRAFFIC MANAGEMENTTRAFFIC VOLUMETRAFFIC VOLUMESTRANSLATIONTRANSPARENCYTRANSPORT ACCESSTRANSPORT ECONOMICSTRANSPORT GEOGRAPHYTRANSPORT INDUSTRYTRANSPORT INFRASTRUCTURETRANSPORT MANAGEMENTTRANSPORT MARKETTRANSPORT MARKETSTRANSPORT POLICIESTRANSPORT POLICYTRANSPORT SERVICESTRANSPORTATIONTRANSPORTATION ECONOMICSTRANSPORTATION RESEARCHTRANSPORTATION STATISTICSTURNAROUND TIMETURNAROUND TIMESURBAN TRANSPORTUSERSUSESVSATWEALTHWORLD TRADE10.1596/978-1-4648-0282-9