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Title: Grounded: characterising the market exit of European low cost airlines
Authors: Budd, Lucy C.S.
Francis, Graham
Humphreys, Ian M.
Ison, Stephen G.
Keywords: Low cost carriers (LCCs)
Market exit
Issue Date: 2014
Publisher: © Elsevier
Citation: BUDD, L.C.S. ... et al, 2014. Grounded: characterising the market exit of European low cost airlines. Journal of Air Transport Management, 34, pp.78-85.
Abstract: The aim of this paper is to undertake a comprehensive study of LCC market entry and exit in Europe between 1992 and 2012. In the 20 year period between 1992 and 2012, 43 low cost carriers (LCCs) have taken advantage of the progressive liberalisation of the European aviation market and commenced scheduled flight operations within the continent. Of these 43, only 10 remain operational, a failure rate of 77%. This paper contributes to extant literature on LCCs by examining the market entry, business practices, operating longevity and fate of failed operators to characterise European LCC market exit. Drawing on the findings of a detailed continental-wide study, the paper identifies that an airline’s start-up date, the nature and size of its operation and the size and composition of its aircraft fleet are key factors which influence LCC success and failure. The implications for both European and emerging LCC markets are discussed.
Description: This is the author’s version of a work that was accepted for publication in the Journal of Air Transport Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published at: http://dx.doi.org/10.1016/j.jairtraman.2013.08.002
Version: Accepted for publication
DOI: 10.1016/j.jairtraman.2013.08.002
URI: https://dspace.lboro.ac.uk/2134/13166
Publisher Link: http://dx.doi.org/10.1016/j.jairtraman.2013.08.002
ISSN: 0969-6997
Appears in Collections:Published Articles (Architecture, Building and Civil Engineering)

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