Rui Sarmento Veres, a board member, stated that the growth in passenger numbers is attributable to the increase in operation of five low-cost carriers operating out of Lisbon's Portela airport and continuing growth on flights to Portug...
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Under its president, Jean-Claude Trichet, the ECB also joined the International Monetary Fund to provide billions of dollars of loans to the ailing economies of Portugal, Ireland, and Greece in an attempt to avoid defaults by those countries, which would have threatened the stability of the ...
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Hitherto, sustainably profitable low-cost operations can only be observed among shortto medium-haul airlines. Even though various carriers have launched attempts to extend the low-cost carrier (LCC) business model to longhaul flights (LHF, see the subsequent chapter for a definition), most of them...
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