A New Low-Cost Carrier Plans to Offer 30% Cheaper Fares to Europe

Sep 18, 2018

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. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

The skies between the US and Europe have seen several new players in recent years — mostly, carrying the label of low-cost carriers. Between Norwegian, WOW Air, Level and Primera, there are plenty of options for those looking to travel on the cheap between the two continents. But soon, there could be another player to that mix, and it wants to undercut airfare on full-service long-haul flights by 30%.

An airline known as Swiss Skies — for now — is seeking an initial $100 million in investment capital in order to connect the US and Europe with low-cost fares. While it hopes to begin flying in the second half of 2019, don’t get hooked on the Swiss Skies name. The airline’s founders, who include a former Ryanair pilot and top manager of Air Berlin, say that it’ll undergo a rebranding before its launch.

According to the airline, it’ll base itself at the EuroAirport Basel Mulhouse Freiburg Airport, which is located where the borders of Switzerland, Germany and France meet. And as for routes, the founders say that the airline’s first route will be between Basel and Cincinnati, Ohio (CVG). There is currently no nonstop competition in either city.

And as for what aircraft Swiss Skies plans to operate on the transatlantic routes, current plans detail that it’ll fly an Airbus 321LR fleet. According to Aviation24.be, the airline plans to have 16 A321LRs in its fleet by its second year in operation, and more than 38 by its fourth year in operation. Talk about an optimistic outlook on growth…

While the carrier plans to capitalize on underserved routes, such as its Cincinnati to Basel launch, it’ll still face competition in the low-cost sector. With Norwegian already beginning to serve smaller cities, such as Newburgh (SWF), Providence (PVD) and more, and with WOW entering markets like Pittsburgh (PIT) and St. Louis (STL), there are only a certain number of markets large enough for Swiss Skies to explore as a the only low-cost TATL option. Plus, WOW Air already entered the Cincinnati market in May 2018 — albeit with service to Reykjavik (KEF), not Switzerland.

For budget travel enthusiasts, the carrier’s plan to launch airfare at 30% less than full-service carriers is a good sign.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the 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.