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Full service can be as cheap or even cheaper than LCC. The LCC's regardless of individual opinions, have certainly helped full service become more competitive. I personally find however that for every fare that is cheaper on full service, there are more examples of cheaper LCC's.
It can be complicated admittedly. FR charge for check in/printing boarding cards and charge a booking fee per pax where as EZY have free check in and card charge per booking.
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