How Do European Budget Airlines Afford To Offer Such Low Fares?

If you’ve ever been traveling in Europe and gone to book a one-way ticket on a budget airline, you wouldn’t be the first to be amazed at the rock-bottom prices that some European budget carriers offer for passengers. Fancy flying between London and the South of France for less than the cost of lunch on the high street? Or how about departing from Madrid to Budapest for half the price of a night’s accommodation?