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European budget airlines spread their wings across the Atlantic

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Discount airlines are spreading their wings across the Atlantic, driving down ticket prices and expanding service to major and second-tier cities in the biggest shake-up to travel across the pond in decades.

New long-haul budget airlines are chipping away at the near-monopoly the major, full-service airlines enjoy on routes between North America and Europe, on which they control 80% of capacity. Targeting customers who fly infrequently or once visited Europe on package tours, they are bringing the shift toward low-cost flying to one of the globe’s busiest and most lucrative corridors.

“They seem to have made the world a little smaller place, making it so affordable to get to Europe,” said Nick Rezendes, 29, a San Francisco-based employee of FitBit Inc.

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