This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

While some of America’s biggest airlines — including American, Delta and United — have taken a cue from their low-cost competitors by introducing basic economy rates that strip passengers of everything from the chance to choose their own seats to the ability to make use of the luggage bin above their heads, The Telegraph reports that a group of Europe’s largest budget airlines — including easyJet, Norwegian  and Ryanair — have been toying with the idea of forming their own “low-cost alliance,” which could pose a major threat to the business of full-service carriers like British Airways and Emirates.

Though the aforementioned no-frills airlines have long been competitors, they’re beginning to see how banding together could shake up the airline industry and improve their bottom lines across the board, particularly when it comes to long-haul flights. Ryanair alone services more than 200 destinations in 33 different countries, making it the largest airline network in Europe — British Airways flies to 183 destinations, although in 78 different countries. Many of these low-cost carriers service smaller, regional airports in far-flung places that would be difficult to reach otherwise, while Norwegian offers long-haul flights to the U.S., Asia and the Caribbean and recently confirmed that it’ll be expanding to Argentina, so the travel opportunities would be many if the carriers all worked together on this.

At the moment, though no official deals have been made, easyJet, Norwegian and Ryanair seem to be the primary players. Stay tuned to TPG for the latest updates — we’ll be watching this closely, especially since it could be a great thing for budget-minded travelers.

H/T: The Telegraph

Featured image courtesy of Etienne de Malglaive/Gamma-Rapho via Getty Images.

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
17.49% - 24.49% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.