Yeah, that's right. Look at Europe. Many budget airlines are
bleeding or have gone bust. JetGreen Airways went bankrupt merely a
week after starting operations.
In fact, the budget airline I took in Finland (Flying Finn) has
gone into receivership. Finns were elated when they finally had a
low-cost alternative to travel across their vast country, yet that
airline couldn't sustain for more than a year. I was lucky to be
one of their last few passengers.
SQ22