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The aim of this book is to provide the reader with§detailed information about Low Cost Carriers in§Europe and their Impact on other airlines such as§established airlines and charter airlines. §First the history of Low Cost Carrier was explained,§then the business model and how it works and in the§end the Impact on other airlines is stated out. It§was found that Low Cost Carriers gain a strategic§successful advantage through cost saving and cost§effective management. Every aspect of the business§model of Low Cost Carriers is conducted under these§aspects. §§Through in depth literature review of selected books,§journals and papers the reader is provided with§detailed information about Low Cost Carriers, its§business model and the European market.