Low-cost flyers exit long-haul market, but leave their mark.

Norwegian Air's announcement last month that it will not resume long-haul flying when the pandemic is over signaled the end of ultralow-cost carriers (ULCC) in the transatlantic marketplace, at least for the foreseeable future, analysts say. The carrier's exceptionally cheap fares disrupted a U.S.-Europe marketplace that, at the time, was almost entirely controlled by legacy airlines. Prior to its collapse in 2019, leisure tour operator Thomas Cook had also sharply upped service across the Atlantic on its Thomas Cook and Condor airlines, offering discount fares that weren't wholly unbundled like the ULCC model. [Extracted from the article]