-Low-cost carriers’ aggressive cost-cutting will give them an even larger cost advantage than pre-pandemic.-87% of consumers are ‘extremely’, ‘quite’ or ‘slightly’ concerned about their personal finances, and low-cost carrier’s low fares are well-positioned to meet this need. -Low-cost carrier’s ability to quickly respond to pent up demand will pay off. The low-cost airline model will lead post-COVID recovery and help revitalize demand. Frugal cost-cutting measures taken and operational responsiveness will see these carriers move quickly to absorb pent-up demand and capitalize on any opportunities ahead of other high-cost model airlines, says GlobalData, a leading data and analytics company. The COVID-19 pandemic has amplified consumer concerns around personal finances. Global...
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