Online English Summarizer tool, free and accurate!
The emergence of low-cost carriers (LCCs) in the early-to-mid 1990s opened air travel to customers who otherwise might not have travelled by air or at all. By 2018, LCCs held 43% of the European travel market, up from 9% in 2002. In the early days, it was easy to distinguish the value proposition of LCCs from that of full-service carriers: LCCs appealed to price-conscious customers and offered a different level of service compared to full-service airlines. However, over time, the low fares of LCCs began to attract the customers of legacy airlines. Full-service airlines responded with changes to their cost structures and either re-positioned themselves as LCCs, or they pursued a hybrid strategy of maintaining frills on the legacy carrier but setting up a low-cost subsidiary airline. In 2010, long-haul (transatlantic) LCCs had emerged, including Norwegian Air Shuttle ASA and WOW Air hf. In 2018, there were 47 aircraft in Europe deployed on long-haul, low-cost routes. Due to the capital-intensive nature of the airline business, few firms earned a rate of return in excess of the cost of capital. Airlines’ profitability was particularly sensitive to oil prices. Traditionally, the industry had many competitors and new entrants, a high proportion of fixed costs, and high exit barriers. Lax capacity management during upswings in the economic cycle led to cost overhangs and aggressive price competition to fill capacity in the downswings. Revenue drivers in the industry included capacity, passenger yield, load factor, additional charges and fees, and cargo. Airlines were also increasingly turning to data analytics to improve their service offerings.
The emergence of low-cost carriers (LCCs) in the early-to-mid 1990s opened air travel to customers who otherwise might not have travelled by air or at all. By 2018, LCCs held 43% of the European travel market, up from 9% in 2002. In the early days, it was easy to distinguish the value proposition of LCCs from that of full-service carriers: LCCs appealed to price-conscious customers and offered a different level of service compared to full-service airlines. However, over time, the low fares of LCCs began to attract the customers of legacy airlines. Full-service airlines responded with changes to their cost structures and either re-positioned themselves as LCCs, or they pursued a hybrid strategy of maintaining frills on the legacy carrier but setting up a low-cost subsidiary airline. In 2010, long-haul (transatlantic) LCCs had emerged, including Norwegian Air Shuttle ASA and WOW Air hf. In 2018, there were 47 aircraft in Europe deployed on long-haul, low-cost routes. Due to the capital-intensive nature of the airline business, few firms earned a rate of return in excess of the cost of capital. Airlines’ profitability was particularly sensitive to oil prices. Traditionally, the industry had many competitors and new entrants, a high proportion of fixed costs, and high exit barriers. Lax capacity management during upswings in the economic cycle led to cost overhangs and aggressive price competition to fill capacity in the downswings. Revenue drivers in the industry included capacity, passenger yield, load factor, additional charges and fees, and cargo. Airlines were also increasingly turning to data analytics to improve their service offerings.
Summarize English and Arabic text using the statistical algorithm and sorting sentences based on its importance
You can download the summary result with one of any available formats such as PDF,DOCX and TXT
ٌYou can share the summary link easily, we keep the summary on the website for future reference,except for private summaries.
We are working on adding new features to make summarization more easy and accurate
أهمية سلوك المستهلك يساعد في تصميم سياسات الإنتاج ، مع مراعاة تفضيل المستهلكين. يساعد في معرفة أن ا...
بإلقاء نظرة فاحصة على الرسم البياني الثاني ، يمكننا أن نرى أن النشاط المفضل للفتيات هو الرقص ، حيث ي...
تتمثل أهداف الموؤششة في الوشول لأدنى مشتوى من الحوادث والإصابات والأمراس المزمنة والمحافظة على البيئ...
A two-position controller, also called an ON/OFF controller, is the most basic type of process contr...
Verisimilitude in Prose fiction is used to describe the situation whereby the story is presented in ...
العوامل الخارجية تميز فسيفساء المناعة الذاتية. يساهم االستعداد الوراثي المعقدوعوامل الخطر الهرمونية ...
The most common of the hereditary disaccharidase deficiencies is the sucraseisomaltase defect. A rec...
The protest over the Victnam War that was held at Kent State University, Ohio, in May 1970, made int...
تعد المياه العذبة من اهم مقومات الحياه وديمومتها , وهي من اهم الموارد الطبيعية ومورد محدود معرض للتد...
التزامات شركة التأمين 1. تلتزم الشركة بتعويض المؤمن له عن الخسارة أو التلف الذي يلحق بالمركبة المؤم...
تم إعدام جميع الموقعين السبعة على الإعلان من قبل الجيش البريطاني (تم إعدام جيمس كونولي الذي أصيب في ...
غالبًا ما ترتبط أنظمة إدارة الأداء بالحاجة إلى التحكم في الأداء الضعيف والمعاقبة عليها. على الرغم من...