In short words, the low cost business model is based on a strategy by which the business offers low prices in order to instigate demand thus, gaining market share.
The Southwest Airlines business model is based on the low-cost business model. It can offer cheap flight tickets by creating an extremely efficient operation. The economic crisis resulting from the Covid-19 pandemic is putting multiple companies out of business — and that is certainly reflecting on the commercial flight industry as well. However, against all […]