Low-frills airline Easyjet has announced that its chairman, Sir Mike Rake, will stand down this summer.
As the economy enters tough times, he said, many consumers might prefer to switch to a low-frills option rather than cancel.
It was 7.9% in 2010. 7 Days is mostly a high volume, low cost, no frills hotel chain.
Inspired by a local Victorian bathhouse that closed in 1986 after nearly 90 years, the Barking Bathhouse is a no-frills, low-tech and sustainable version of a modern day luxury spa and bar.
It is largely because of the rise of low-cost, no-frills carriers, which often fly between secondary airports, that air travel between European countries has recovered to about the same level that it was in March 2001, according to the World Tourism Organisation.
The no-frills airline works like most low cost airlines in the world.
The few small shacks along the shore were closed the morning I was there, but advertised low rental prices for paddleboats, kayaks and no-frills fibreglass motorboats.
Since Southwest Airlines (nyse: LUV - news - people ) pioneered its low-cost strategy 30 years ago, no-frills operators in the United States such as JetBlue (nasdaq: JBLU - news - people ) have captured a 25% share of the passengers in domestic air travel and a 15% share of the revenue.
Nokia has long dominated the low-priced end of the handset market, and its no-frills phones remain very popular in developing economies.
As in America, where low-cost Southwest Airlines announced special cheap fares this week, the no-frills Europeans led by Ryanair and easyJet have slashed prices in response to a 25% fall in bookings after the attack.
ECONOMIST: Travel industry: A business in search of customers | The
The solution, as controlled by the director Martin Campbell, is to put the narrative on a low-carb diet: no fatty subplots, no indigestible villains, a minimum of frills.
On July 16th flydubai, a low-cost airline based in the United Arab Emirates (UAE), launched no-frills flights to Erbil, capital of Iraq's Kurdish region.
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