![]() Product Service Systems (PSS) with the same purpose may be implemented differently across societies. The prospects of Greece as a market for LCCs are also being discussed. Emphasis is given to the relationship between LCCs and airports which has resulted in an additional increase in air travel. This paper examines the evolution and development of LCCs globally, along with the consequences of their expansion to the traditional carriers, the market and the passengers. This choice has altered the balance and strategic importance between airports and increased their importance for air carriers. ![]() As an answer to inadequate capacity combined with higher taxes and fees, most LCCs have chosen to use secondary or regional airports. Many central airports had very little flexibility and capacity necessary to facilitate additional timeslots. The increase in terms of passengers and flights dictated a better utilization of the fleet, requiring reduced turnaround times at airports. The main target was travelers with increased sensitivity in pricing and less demand for all-around services. LCCs entered the market by offering a differentiated product based on bare services offered at significantly lower prices. The emergence of low cost carriers (LCCs) is one important outcome of the deregulation. Subsequently, the fare reduction has altered the market structure with the establishment of new carriers, strategic alliances and mergers, and the bankruptcy of several traditional airlines which were unable to adapt to the new environment. The deregulation of air transport has increased the competition between air carriers, resulting in lower fares and increased volumes of passengers.
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