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But Fitch said European budget carriers like Ryanair and easyJet "may suffer disproportionately" because they depended so heavily on a low-fare business model.
For that price difference ($500!), I was willing to make some sacrifices — which is the key to Spirit's ultra-low-fare business model.
However, these recent studies do not offer a vision of how this business model may fare with time as the technology is rendered rapidly obsolete and competitors arise.
As Mr. O'Leary sees it, the full-fare carriers' troubles vindicate his business model.
While easyJet promised fares as low as £29 each way, the business model seemed fatally flawed.
But it remains to be seen whether more regulation will affect the curbside business model and its rock-bottom fares.
Mr. Yassky said livery drivers, whose business model has long relied on prearranged fares, could call 311 on Friday to begin the process of obtaining a street-hail license.
What Taxify does have is a lower cost business model, allowing passengers to pay cheaper fares and also letting drivers retain more of the profits.
But the US Airways business model, which relies on charging high walk-up fares for profit, is unchanged.
Beyond the pilots' cuts, Mr. Grinstein said Delta must redefine its business model to reflect the industry's new reality, namely an atmosphere of lower fares and lower costs at its competitors.
"I detest their business model but unfortunately every other airline has had to do the same to match fares.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com