The handbook supplies for the first time a comprehensive overview of the new air traffic segment by addressing the issues of the actual business model, discussing strategies of low cost airlines and expanding on the aspects of suppliers, customers, cooperation partners and competitors. The handbook pools the knowledge of experienced and renowned experts. Detail information on actual themes is supplied, for instance: Basic Business Model of Low Cost Airlines, Business Processes and IT-Solutions, Low Cost Airlines from a charter perspective, Unfair Conditions of Carriage, Tourism and Low Cost Carriers, Ecological and Economical Impacts, Airports in the Process of Change, Low Cost Carries and Railway, Transferring the Low Cost Strategy to Ship, Bus and Rental Car Companies.