Interesting Costs Cutting Techniques By Companies

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Southwest Airlines- World’s largest low cost carrier

Southwest Airlines (USA) has a vision statement which reads- At Southwest, we strive to be the new generation of flight transportation while providing luxury at a price anyone can afford. Since its inception in 1971, SW airlines has won many accolades and awards for its low pricing and high quality of customer services. It has been able to won many hearts because of its innovative cost cutting techniques. First, it works on Hub & Spoke and Point-To-Point route system as per its carrier region (i.e. regional/domestic or national/major carrier).Second, they operate on Focused Cost reduction- such as Sparse customer amenities No seating class distinctions, No connection with other airlines, no baggage transfer, fewest customer options, no choices on type of aircraft, simplest pricing structure, no meals in some flights, fewest cancellations, lowest possible fare (as compared to their competitors),etc. Third, it has employed ’15 minute’ operational excellence in Flight turnaround time. These were the reasons why SW airlines have been constantly named as one of the most profitable Airline Company in the world.

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