Low-cost carriers and airfares: Shattering the myths
Skift Take
Having one low-cost carrier at an airport doesn't guarantee low fares. But, it doesn't hurt. And the presence of a duo of low-cost carriers servicing a city is even better.
The average true price of a one-way airline ticket has increased by nearly 30 percent since 2008, and the presence of a low-cost carrier is not an accurate predictor of lower airfares, says a new study by Evergreen, Colorado-based Boyd Group International.
The data indicate that recruiting a "low cost" carrier to an airport may do little to lower overall fares.... Michael Boyd, chairman of the consulting firm, said that of the 10 highest-fare airports, eight have at least one low-cost carrier.
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