<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by chalf:
... Moreover, the business of a start-up carrier is very different than a legacy carrier: for example, it will not have a history of high labor costs, established maintenance bases and call centers in high-cost areas, airplane and gate leases concluded when the industry was in better financial conditions, etc.</font>
Fair enough, chalf, but a new low cost carrier comes in with some big disadvantages as well. The choice airports, gates and flight slots have been cherry picked by the existing low cost carriers.