More than 50 years since low-cost airlines emerged, they are expanding uniquely in Europe and the U.S., incorporating additional revenue channels beyond ticket sales.
In Europe, budget airlines have mastered upselling extras like speedy boarding and legroom, sometimes earning over 50% of ticket prices through these add-ons.
Ryanair's additional charges have risen, averaging €24 per passenger in Q2 2023, a significant contribution to profits given that average airfare is just over €40.
The U.S. sees low-cost carriers share airports with legacy airlines, limiting cost differences, whereas European budget airlines utilize smaller airports for major savings.
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