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Question: How are budget airlines such as Easyjet able to offer such cheap prices? Use economic analysis to explain your answer.
Answer: Before 1987, European air travel was strictly controlled. Everything from flying schedules to the amount of passengers each national airline could carry was negotiated between governments. This has now changed, and today any airline holding a valid Air Operators Certificate in the EU cannot be prevented from operating on any route within the EU. This development of ‘open skies’ in Europe led to the development of budget airlines....(short extract)
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Details: Mark: 62% | Subject: Economics | Course: Economics | Level: A-Level | Year: Not applicable | Document type: Essay* | Words: 1530 | References: Yes | Date written: April, 2004 | Date submitted: March 21, 2009 | Essay ID: 1081
