Are low-cost airlines over? How Ryanair, EasyJet and Wizz Air are unlocking more profits, and teaching the American giants new tricks [Yahoo! Finance Canada]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
Today, budget airlines are looking to expand further, but the way they operate differs wildly on either side of the Atlantic, seeking new revenue streams in different ways. Europe has places to go Additional extras are the hallmark of European budget airlines. Easyjet has been upselling speedy boarding and all the ancillary parts, like extra legroom, for years, and these extras can sometimes account for more than 50% of the original ticket price. Its rival, Ryanair, which once made headlines for announcing that it intended to charge travelers for using the bathroom, made an average of €24 per passenger from additional charges in the second quarter of 2023, an increase of 10% (its average airfare is just over €40 in Europe). Read more: Michael O'Leary questions Britain's 5 a.m. airport drinking culture as Ryanair boss continues battle with pubs One big difference between Europe and the U.S. is that in the U.S., low-cost carriers generally operate out of the same airports as
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