With consumer budgets stretched, everyone’s looking for travel deals. The big traditional airlines are now experiencing downturns in bookings and loss of market share to the budget airlines.
Low-cost airlines work on the principle of volume and frequency. Their business model is to move as many people as possible as frequently as possible. There’s a business term for this called turnover or velocity. The term velocity is actually appropriate for these budget airlines.
Their aircraft travel with great velocity. They also have that velocity, speed, or movement from a business standpoint. In other words, they are always moving people. They tend to have more bookings per individual flight as well.
In Spain, the budget airlines have overtaken the country’s traditional airlines. Through aggressive marketing and efficient operations, some low cost operators are finally turning a profit.
Demand for their services is increasing and they are giving consumers the prices they desire, and the map of Menorca for example has been coming out in European households ready for the holiday booking season.
With low cost airlines, it’s all about number crunching. It’s the old adage, ‘Do you want to sell ten apple pies for $6.00 each, or twenty apple pies at $4.00 each?’ They fine-tune their profit margins and the customers are calling on them.
The busiest airports in Spain for low cost flights are Palma de Mallorca, Malaga and Barcelona. Most of the visitors to Spain come from the general European region. British arrivals were number one in September, followed by the Germans and Italians.
The trend to using low cost airlines has a strong foothold in North America as well. Those looking to travel inexpensively are scouring the Internet and local travel agencies for the best deals.
There are tons of deals issued continually by the budget airlines. This trend will likely continue as people seek to dispense not with vacations, just high-priced travel. Very popular destinations for Americans and Canadians are Las Vegas and Florida. Low cost airlines are offering bargain flights on weekend trips to Las Vegas.
Prices for four-day packages, Thursday to Sunday, or Sunday to Thursday are attractive for Las Vegas as well. It doesn’t take much investigating to find budget flights to Orlando, Miami, Fort Lauderdale and Daytona in Florida either.
Some low cost airlines offer great pricing for North Americans who want to take quick three or four day runs to the Bahamas. Canadians are seeing great budget flights to Cuba from their budget airlines. Those who take advantage of cheaper flights and use air miles are really finding they can travel inexpensively.
Recent and continuing turmoil in the economy may force other airlines to reconsider their pricing policies. Of course, many will have to streamline their operations to make price-cutting feasible from a corporate health standpoint.
Customers will continue to demand better pricing when it comes to travel. It’s the reality traditional airlines will have to face. When people need a lift, figuratively and literally, they’re seeking out low cost airlines. These enterprises are connecting people at great prices.
Through them, family and friends can visit one another more often, without overextending their budgets. Low cost airlines are truly changing the flights industry as we know it today.
Text source: Articlelogy