Ep. #2 - Why Costs & Competition Will Shrink ULCCs

Get ready for heresy. Ultra Low Cost Carriers are no longer a separate air transportation modality. They now have more aircraft and capacity than can be absorbed in leisure impulse markets, and are trying to invade markets dominated by major carriers. But they no longer have a real cost advantage, and it's becoming clear that they are running out of growth potential. Airport planning needs to adjust, and fast.