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March 13, 2015
Legacy Carriers vs. Low Cost Carriers (LCCs)
According to the ‘GCC Low Cost Carriers’ report published by Markaz, in the recent past, the number of passengers traveling by Low Cost Carriers (LCCs) has grown faster than that of legacy carriers (also known as full-service carriers). The report states that LCCs cater to the core need of passengers, which is transporting them from one point to another. LCC carriers have structured their business in such a way so as to reduce their operating costs and the benefits reaped...