LFC stands for various terms. Discover the full forms, meanings, and possible interpretations of LFC across different fields and industries.
Low Fare Carrier (LFC) refers to airlines that offer flights at significantly lower prices compared to traditional carriers, primarily by cutting non-essential services and optimizing operational efficiency. These carriers have revolutionized the transportation industry by making air travel accessible to a broader audience, fostering competition, and encouraging more people to fly.
The business model of Low Fare Carriers focuses on maximizing aircraft utilization and minimizing costs, often operating a single type of aircraft to reduce training and maintenance expenses. This approach has not only democratized air travel but also prompted traditional airlines to introduce their own budget-friendly options, reshaping the global transportation landscape.
ExportationGovernmentImportationTransportationLast updated: