Word: low-cost
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...Parts of the global economy (e.g. big airlines) have gone into black holes, but there are also financial winners, among them, surprisingly, a few airlines - the low-cost carriers. While some consumers curb their spending, others have a more profligate sense of carpe diem. At a personal level, many people may be nicer to their kids, more suspicious of neighbors, willing to relinquish basic liberties in the name of security. Some have gained faith in a divine power above this earthly mess . . . or lost it completely...
...Look for discounters to gain even more market share and for some of the majors to merge. Worst hit will be the mid-sized players: the chief executive of British Midland, the U.K.'s second-largest airline, conceded this month that B.M.I. needs to adopt low-cost principles and forge alliances with other airlines to survive...
...casualty of this corporate belt tightening. He's on his way to Ireland via Dublin-based Ryanair, and it's his first business trip on a low-fare carrier. Despite the daunting check-in wait, Owen--who like most discount flyers bought his ticket online--pronounces the experience so far "pretty painless." By comparison, Glasgow-bound Adrian Eve, 27, a marketing executive for aerospace firm BAE Systems, is a veteran of the low-cost skies. He's on the road at least twice a month and estimates that 10% of his travel is on discounters. His round-trip fare cost...
...different classes of service, discounters can only estimate (on the basis of, say, how far in advance tickets are sold) which of their customers are business travelers. Jeremy de Souza of London travel agency Rosenbluth International says about 15% to 20% of business travelers in Europe are flying on low-cost carriers. "Three years ago, the figure was 4% or 5% at the very most. The reason it isn't greater is that the major corporations often have special deals with the major carriers...
...would enjoy rocketing into space, but chances are the rest of us won't be hitching a ride on a space shuttle anytime soon. We'll have to wait until private companies can take us there. Jeff Greason of Mojave, Calif., has done his part by creating the first low-cost, reusable rocket engines. Greason's EZ-Rocket prototype, which took flight this fall, is powered by twin engines that burn isopropyl alcohol and liquid oxygen to generate 400 lbs. of thrust. Greason's engines should be able to carry passengers 65 miles above the earth--too low...