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Pricing factor elements (compiled by the authors)

Pricing factor elements (compiled by the authors)

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Despite the popularity of the “low-fare” (or sometimes called “no-frills”) airline business model, no comprehensive framework has ever been developed to evaluate the level of implementation of this business model. In the paper, we propose a framework for evaluating the extent to which an airline has implemented a “low-fare” business model. The fram...

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Context 1
... Europe, however, the European Union has regulated and improved the rights of passengers, mainly to guarantee compensation in cases of denied boarding, long delays, or cancellations (European Commission, 2004). Figure 5 illustrates the final sub-dimension STRAFA. ...