The low-cost carrier revolution spread worldwide between 1990 and 2020. The LCCs came to Europe in the 1990s and Asia in the 2000s.56Flagship national airlines still exist in most countries. Italy even renationalized Alitalia during the coronavirus crisis.7Low-cost carriers had been making progr...
The low-cost carrier revolution spread worldwide between 1990 and 2020. The LCCs came to Europe in the 1990s and Asia in the 2000s.56Flagship national airlines still exist in most countries. Italy even renationalized Alitalia during the coronavirus crisis.7Low-cost carriers had been making progr...
The CPI for services (red line) – everything from rent to airfares – increased mostly between 2% and 3% year-over-year for the last decade, but dropped during the Pandemic as demand for services such as hotels, flights, and cruises collapsed. For example, in January, yea...