Successful low-cost airlines are a combination of volume and margins,' easyJet's financial director Chris Walton told Accountancy Age.
Fares are lower but our business model is simple.
Our passengers just want a simple and safe way to arrive at their destination,' he added. In conventional airlines people are locked into their seats for half an hour while food is served, they eat and then there is a queue for the lavatories,' said Walton. We can also space out rows so people have more leg-room. It is done mostly with accounting software and very little manual intervention. My university degree gave me all the courses necessary to become a qualified accountant, but I did not want to go through the necessary training to become a technical accountant, my interest is in finance, not technical accounting.