'Over the last few years, major airlines reduced their economy class fares in order to compete with no frills airlines,' explained Bernard Harrop, Director of Industry Relations at AECT.
'Many no frills companies increased their fares last year.
Business Travel: Gap closes between no frills and economy class; Business Travel Editor Lisa Piddington looks at how budget airlines are expected to target the corporate market this year -and close the gap with their traditional rivals
After joining Loblaws in 1976 as operations manager in the then-new
No Frills division, Lederer rose through a number of positions of increasing responsibility.
Loblaws Taps Lederer
In 1987 Loblaw "decided to harness the entrepreneurial spirit of local ownership, and created
No Frills franchise operations," the retailer recounted in a statement.
Loblaw's No Frills Stores Mark 20 Years, Each in Their Own Way
With Western European Economy fares not expected to fall any further due to the imminent completion of traditional carriers' fare restructuring, many of Europe's no frills airlines are taking the opportunity to raise their fares to more economic levels.
Bernard Harrop, director of industry relations at American Express Corporate Travel, said: 'Over the last few years Europe's major airlines reduced their Economy Class fares in order to compete with no frills airlines.
Business Travel: Shop smart for great deals
``My prediction is therefore that the
no frills sector will see collapses and consolidation in 2003, coupled with the inevitable higher prices.''
Golden age of bargain hols 'is over'
He is halting expansion of the No Frills format, one designed as a competitive weapon against Woolworths and Coles by adding fresh meat and produce to the No Frills staples grocery mix.
Now, as he prepares for the Australian entry of Aldi, the German no frills grocery retailer, Cornell, despite his reputation and past accomplishments, is clearly under pressure.
At Retail Price Isn't Everything
These shopper comments are an integral part of
No Frills' "Constant Customer Feedback" (CCF) solution, an automated feedback system from Huntington Station, N.Y.-based Retail Survey Group (RSG) to help retailers stay constantly connected with customers and their impressions.
From the horse's mouth
In an effort to drive down spiralling costs, nearly two thirds of those questioned said they would be asked to fly from secondary airports - the home of the major '
no frills' carriers - this year.
Weekend flights are doing the business; A new survey reveals how companies are cutting back on their travel budgets. Travel Editor Lisa Piddington takes a look at the facts and figures
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Winn-Dixie Appoints James P. Olson to Board
Nearly two-thirds, 65 per cent, of business travellers said they were being asked to fly from airports served by '
no frills' airlines this year.
Firms save on no-frills airlines