Emerging LCCs revealed fundamental problems of legacy airlines, in particular:
High operating cost
Large networks
Long-standing customers
Low aircraft utilization
Low labor productivity
What are characteristics of the "emerging global airlines"?
Based in first-world economy countries, e.g., USA, UK
Based in countries outside established first-world economics, e.g., China, Middle East
High growth in last ~10 years
Established after 2010
Serve mainly long-haul flights
Serve mainly short-haul flights
Capture inter-regional traffic between nearly all regions
Focus on certain geographical regions
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