C/B/142. Literature Review on No-Frills Airlines

The paper offers a classic literature review, which begins with full justification of the methods and approach towards the review and used information and sources. The document is mainly concerned with low-cost airlines operating within Europe but mentioning still those in USA. Review includes the assessment of the current status of the industry, successes and problems of the big and small players, competition among no-frills airlines and changing attitude of the traditional airlines. The document also assesses the reasons for current poor status of the industry, suggesting the possible solutions and illustrating the strategy used by the leading players. The review is completed by table highlighting strengths and weaknesses of the main players.