Word: low-cost
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...until a decade ago. Continental farmers grumbled that Britain, where the bse scare began, was once again exporting a food crisis to the rest of Europe. English farmers pinned blame for the epidemic on meat products imported from non-E.U. countries. Environmentalists denounced the drive toward intensified, low-cost farming as the culprit. And in Brussels, bureaucrats were warning that they couldn't afford another crisis: the E.U. has already spent $1 billion to bail out farmers suffering from the bse-induced plunge in beef consumption. "If [foot-and-mouth] does spread to the Continent," says Commission spokesman...
...Nearly all airlines nowadays use a complicated system called yield management to juggle prices up and down according to demand as a means of maximizing revenue. So the more seats that have been booked on a flight, the higher the remaining ticket prices rise. Unlike traditional airlines, low-cost carriers can't rely on first- or business-class travelers to boost profits, so their yield-management systems tend to be more finely tuned. "Certain times of the day or the year call for more yield management," says Rothnie. For example, now that business travelers have discovered budget airlines, an early...
...Recent research into air travel trends by the credit card company American Express suggests that those rock-bottom $7 or $15 tickets, available (to the fortunate few) when budget airlines were battling for market share, might be gone forever. Matthew Davis, Amex's director of consulting services, says the low-cost operators are under increasing pressure from fuel-price hikes and increased landing fees. "We have already seen the fare gap between traditional and low-cost airlines narrowing," he says. Budget operators like easyJet and Go, British Airways' no-frills subsidiary, dispute the findings. Go spokesman Brandon Stockwell says that...
...Welcome new routes. Ryanair has just added seven destinations and established a Continental hub at Brussels' Charleroi Airport. KLM's low-cost subsidiary Buzz recently added four destinations in France and Spain. Until new routes become embedded in public consciousness, both demand and fares are likely to remain low...
JUDGMENT CALL Good, low-cost "agritainment" for outdoorsy families...