Lasting Impact On The Industry
While Laker Airways failed, low fares and buying meals on board are becoming popular. Similarly, buying tickets on the day of travel has been adopted by airline shuttles plying the United States' Northeast corridor and on the Eastern shores of Australia.
Laker Airways's most important legacy was that pioneering low-fare services across the Atlantic helped pave the way for low-cost airlines such as EasyJet and Ryanair, liberating the industry from the regulatory straitjacket IATA had imposed for decades in collusion with governments. These governments invariably were sole or majority owners of most IATA airlines. This was Laker Airways's greatest contribution to its industry's future development.
Sir Freddie Laker became an inspiration and cautionary tale for Sir Richard Branson and Virgin Atlantic Airways, when they set about deciding their long-term strategy.
Read more about this topic: Laker Airways
Famous quotes containing the words lasting, impact and/or industry:
“Although a firm swat could bring a recalcitrant child swiftly into line, the changes were usually external, lasting only as long as the swatter remained in view....Permanent transformation had to be internal....The habits of self discipline, as laborious and frustrating as they were to achieve, offered the only real possibility of keeping children safe from their own excesses as well as the omnipresent dangers of society.”
—Mary Kay Blakely (20th century)
“Too many existing classrooms for young children have this overriding goal: To get the children ready for first grade. This goal is unworthy. It is hurtful. This goal has had the most distorting impact on five-year-olds. It causes kindergartens to be merely the handmaidens of first grade.... Kindergarten teachers cannot look at their own children and plan for their present needs as five-year-olds.”
—James L. Hymes, Jr. (20th century)
“It is while we are young that the habit of industry is formed. If not then, it never is afterwards. The fortune of our lives therefore depends on employing well the short period of our youth.”
—Thomas Jefferson (1743–1826)