See:
Nimble discount airlines here and around the world are growing and opening new routes even as the recession forces traditional carriers to cut flights and jobs.
Low-cost carriers, such as New York-based JetBlue (JBLU), Ireland-based Ryanair and Canada-based WestJet, are making inroads where higher-cost carriers are shrinking amid falling travel demand, especially among cost-conscious fliers.
"These airlines' common denominator is their agility and cost structures that are compatible with today's economic reality," says Mo Garfinkle, a Virginia-based consultant. "The good news is growth and opportunities in the industry aren't dead."
http://www.usatoday.com/travel/flights/2009-03-04-discount-airlines-grow_N.htm
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