When legacy airlines create low-cost carriers

If there were a graveyard for airlines, it would be littered with the headstones of various ‘airlines within airlines’ that legacy carriers established over the years to fight off competition from low-cost start-ups. Lee Cross looks back at the multiple failures The term low-cost carrier (LCC) can be traced back to the launch of interstate operations in California by Pacific Southwest Airlines (PSA) in 1949. Its success inspired several other LCC start-ups across the US, most notably Southwest Airlines, launched