| Article ID: | iaor20124353 |
| Volume: | 11 |
| Issue: | 4 |
| Start Page Number: | 481 |
| End Page Number: | 484 |
| Publication Date: | Jul 2012 |
| Journal: | Journal of Revenue and Pricing Management |
| Authors: | Westermann Dieter |
| Keywords: | forecasting: applications, optimization |
The Low Cost Carrier (LCC) business model has changed the airline industry significantly over the previous decade. However, the traditional airlines responded to the newcomers and times are more challenging for the LCCs today. Limited growth potential leads to a convergence of the two business models, which requires new forecasting and optimization methods to be developed over the coming years.