As a veteran of many such debauched trips as "stag-nights in Prague" and "spring breaks in Jamaica", which low-fare airlines have made possible, I can assure you that cheap airfares are highly valued by working folks such as myself.
AS WE have discussed before on this blog, one of the most positive things to have happened in the airline industry over the past few years was the regulation introduced in Britain and America to ensure that airfares were more transparent.
And if cheap airfares, a glut of hotel rooms, and huge amounts of meeting space mean that Vegas is the best place to host your event, go for it.
cd129f45-31ba-41aa-84f5-d55d36d20026 AT A time when the price of a barrel of oil hovers around the $100 mark and airfares look set to rise, some lucky European travellers have been able to leave their wallets untouched.
But their slim profit margins leave little room for capital investment in anything but fleets and terminals.The other option would be to dispense with YQ and resume calling airfares by their proper name.
Heightened competition between low-cost carriers should push down airfares and push up traffic, as it did in Europe during the 1990s.
But even if a bloodbath did take place, it seems safe to say that the low-cost habit is now so firmly established in Europe that the days of rip-off airfares will never return.So much the worse, groan environmentalists, who complain that the spread of low-cost airlines is hugely polluting and a prime contributor to global warming.
While demand and airfares collapsed around him, Mr Gerogiannis shifted his planes to regional bases like Thessaloniki and Heraklion.
Numerous other carriers have since come and gone, but none has managed to combine bargain airfares with long-haul intercontinental flights and survive.
All have Apple in their sights.Delta Air Lines, America's third largest carrier, said it was introducing a series of competitive measures and announced a cut of up to 50% on its domestic airfares.
As a rule of thumb, Europe's airfares remain twice as high as America's, which deregulated more savagely and almost 20 years earlier.
