Where are low-cost airlines cutting back now? New planes.
Low-cost airlines are continuously working to maximize profitability while keeping prices affordable for passengers. As part of these attempts, some airlines have made cuts in several areas. Due to the ongoing impact of the COVID-19 pandemic, many have resorted to delaying or cancelling their orders for new planes.
This is because acquiring new planes presents a significant cost. In addition to the upfront purchasing cost, new planes also come with increased operational expenses such as maintenance and staff training. As the aviation industry is in a state of