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Published at Sunday, March 31st, 2019 - 12:24:23 PM. Type of airline. By Adelle Jäger.

In December 1991 the collapse of Pan Am an airline often credited for shaping the international airline industry highlighted the financial complexities faced by major airline companies.

Toward the end of the century a new style of low cost airline emerged offering a no-frills product at a lower price. Southwest Airlines JetBlue AirTran Airways Skybus Airlines and other low-cost carriers began to represent a serious challenge to the so-called legacy airlines as did their low-cost counterparts in many other countries. 41 Their commercial viability represented a serious competitive threat to the legacy carriers. However of these ATA and Skybus have since ceased operations.



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