We have a perfect case study of the concept of Low Cost Carriers here in Canada.The previously government funded, now private Air Communist.....er Air Canada...sorry.. is a virtual monopoly here having swallowed Canadian Airlines and are living up to their motto..'WE ARE NOT HAPPY TILL YOU ARE NOT HAPPY"
Along came Westjet with private funding including the Ontario Teachers fund, a bunch of straight pipe thirty sevens,a VERY motivated staff and they are kickin' Ars*
Roughly, Air Communist have 60 staff per aircraft and Westjet have less than thirty.
Westjet seem to have NO grumpy people and get paid less than half. Mind you, the profit sharing and stock options help.
Air Communist got scared and decided to operate a LCC with the clapped out '37's inherited from Canadian and intend to compete with Westjet with the same grumpy people, pilots making double their Westjet counterparts and a money losing parent corporation.
My money is on Westjet.