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Low-cost airlines: They changed the world — but what next?

The pioneers of low-cost air travel took the industry by storm. But now, when nearly half of air journeys in Western Europe and the U.S. are on budget carriers, is there room left for growth? Across the world, low-cost airlines have become not only a fixture of the travel industry but an essential element of contemporary life. The first budget carriers shook up a market that was ripe for disruption after decades of over-regulation, lack of competition and growing costs. But now the market has matured, is a long-term balance between low-cost and legacy airlines possible? It’s a conundrum that may well redefine the air travel experience for years to come. To read more at CNN, click here.

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