%0 Journal Article
%T Development of Business Models of Low-Cost Airlines
%A Andrija Vidovi£¿
%A Igor £¿timac
%A Damir Vince
%J International Journal for Traffic and Transport Engineering
%D 2013
%I Scientific Research Journal Ltd.
%X The global economic crisis that affects all industries, including the aviation industry, has forced airlines to adjust their business models to existing market conditions. Low-cost airlines, which till the onset of economic crises in most cases followed the base low-cost business model, have adapted their business model in such a way that they have implemented segments of traditional airlines business models and thus created a hybrid between traditional and low-cost business models. This paper analyses to which extent low-cost airlines adjust their business model to the hybrid business model.
%K low-cost airlines
%K business model
%K hybrid strategy
%U http://www.ijtte.com/study/96/DEVELOPMENT_OF_BUSINESS_MODELS_OF_LOW_COST_AIRLINES.html