Discount airlines grow amid downturn
Nimble discount airlines here and around the world are growing and opening new routes even as the recession forces traditional carriers to cut flights and jobs. Low-cost carriers, such as New York-based JetBlue (JBLU), Ireland-based Ryanair and Canada-based WestJet, are making inroads where higher-cost carriers are shrinking amid falling travel demand, especially among cost-conscious fliers. Ref. Source 2