Low-Cost Air Carriers

The second half of the 20th century was marked by increasing globalization, the ongoing social, economic, and political process that deepens and broadens the relationships and interdependencies among countries, leading to global standards. As a result of development in technology, communications, and expanded media reach, people became exposed to more foreign countries and cultures, which fueled a desire for more travel. At the same time, factors such as increasing openness of national borders, decreasing cost of transportation as a result of technological progress, and deregulation of the airline industry, making it more competitive contributed to making air travel within the reach of more people.

Whereas just a few decades ago, air travel was considered a luxury for most, in the 21st century it became a more ...