- Apr 30, 2006
- Total Time
"The biggest thing that has happened in this industry over the past decade isn't 9/11, or recession, or SARS, or bankruptcies or mergers," says aviation economist Dan Kasper at LECG, a consulting firm in Cambridge, Mass. "It's the deep-market penetration by the low-cost carriers."
"For a lot of us (frequent travelers), the shift toward the low-cost carriers isn't about price," Schmincke says. "You can get pretty much the same prices in coach on the Uniteds and Deltas of the world as you can on the Southwests. And a lot of us still don't mind paying more for first-class service. The shift really is because of flight availability," he explains. "You can get to so many more places these days on the low-cost carriers that you couldn't 10 years ago."