Yes, despite more expensive aeroplanes, fuel, amenities, carbon, executives, staff and every other damned thing air fares are cheaper.
Maybe.
Comparing like for like, once you add up all of the unbundled fees and charges the Low Class Carriers charge (That
is what LCC means, isn't it
) I'll bet the gap is less than we think.
That air fares should be cheaper at all is a mystery to me. I cannot think of another industry off the top of my giant head where prices in absolute terms have fallen, price wars aside.