At Marketforce and the IEA’s The Future of Air Transport conference held in London this week, the question was raised whether legacy carriers should withdraw from all short haul services, finally ceding victory to the low-cost carriers. Although none of the panellists could be drawn on admitting the low costs had won that battle, there was a sense that the model for legacy carriers still needed to change significantly for them to pose a threat, or at least draw a profit. Although there were murmurs of agreement from the audience, there was also a recognition that the low-cost model was

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