The number of low cost airlines and connections offered has kept growing constantly over the last two decades. This book combines the knowledge of experienced and renowned experts and explains relevant developments in the low cost segment, strategies employed by low cost airlines, and the low cost strategies from the cooperation partners‘ and competitors‘ perspectives. It also provides a comprehensive overview of the low cost market by pointing out economic and ecological impacts and expanding on the aspects of suppliers and customers. It offers fundamental insights with practical advice and examples.