Introduction: In recent decades, the commercial passenger air travel business has altered substantially. It has progressed from a market dominated by state-owned airlines with limited competition to a more deregulated one in which a plethora of airlines fight fiercely with various business strategies. Today's air transport is a demanding and competitive company with razor-thin margins and millions of dollars in losses. An airline is a business that provides regular services for carrying passengers or cargo by air. These businesses are known as the airline industry, which is also considered a sub-sector of the aviation sector and the larger tourism industry. The most of modern airlines operate on a low-cost or full-service strategy. The model chosen is influenced by the company's personality and the aims defined by its leaders.
Full Service Carriers (FSC):
The provision of a wide range of pre-flight and onboard services, including distinct service classes and connecting flights, is part of the full-service business model. Full-service carriers (FSC) are distinguished by their high charges and a concentration on members of society's affluent class. Furthermore, the pre-flight services contribute to the opulent environment by influencing the consumer. Despite the aftermath of the global financial crisis, many businesses continue to follow this trend and compete for new clients by developing novel tactics and accentuating the value of a diverse variety of services.
Low Cost Carriers (LCC):
The term "low-cost business" refers to a corporation that charges exceptionally low costs to its consumers and does not provide many standard passenger services. A low-cost airline (LCC) highlights the first point, emphasizing the fact that they save clients' money by eliminating unneeded and luxury amenities that are not required for a successful journey. The growing popularity of the supplied model is conditioned by major changes in people's paying capability and their desire to conserve money in the context of the crisis. This design is used by a large number of businesses, and it is expected to increase. A low-cost business strategy is frequently seen as the best option for regional aviation firms.