Word: low-cost
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Bankruptcy, of course, is not the end, especially if you?re in the business of air travel. Two carriers flying today, Continental and America West, actually recovered. But the rise of the low-cost carriers, who now account for a quarter of all passengers in the air, up from less than 10 percent in the late 1990s, means that the big name carriers don?t dominate as much as they used to, which could be one reason Washington is resisting a bailout like the billions of dollars given to airlines since 9/11...
...Greek jet, it is said, suffered a sudden loss in cabin pressure that could have resulted from failures in the air conditioning system. The Venezuelan twin-engine failure could have been either because of fuel contamination or maintenance malfunction (and is the second fatal flight this year by low-cost provider West Caribbean Airlines). While inspections have not yielded clear results for the Indonesian flight, the aging Boeing was nearly 25 years old—and scheduled to keep flying for eleven more years. I suspect that these accidents were not altogether unavoidable given more careful maintenance or a less...
...seems abnormal that the CEO of an airline that buys oil by the tanker and will burn through 250 million gal. this year alone isn't complaining too much about the record high price of fuel. But in fact, Joe Leonard, head of low-cost carrier AirTran Airways, thinks a few weeks of $66-per-bbl. oil would bring an overdue shake-out in the struggling airline business. "High oil prices are going to force some carriers out of the market," he says, "and it's going to happen quickly." You can almost see him smile, since AirTran...
...hero to investors and a royal pain to money managers. Thirty years ago, John Bogle founded the Vanguard Group and invented the index fund--a low-cost option that revolutionized investing. At 76, he's still an iconoclast, most recently in The Battle for the Soul of Capitalism, which is coming out this fall (Yale University Press). He talked to TIME's Barbara Kiviat...
...enormous pile of impounded clothing was the result of a June deal that Mandelson struck with Beijing that limited some Chinese textile exports to the E.U. At the time, Europe's textile industry, backed by the French, Spanish and other governments, was screaming for protection from a surge in low-cost Chinese garments following the end of an international quota system last December. European retailers, increasingly dependent on China as the key source for clothing, never liked the accord. But their disquiet has turned to fury. Big chains including Britain's Next, Germany's Metro and Sweden...