Where are low-cost airlines cutting back now? New planes.

Budget airlines are focused on cost-cutting to remain competitive in the industry. The acquisition of new aircraft is one area where they are scaling back significantly. These airlines are often opting to lease planes instead of buying them outright, or buying used ones, to save costs. In addition, airlines are also deferring deliveries of new planes due to decreased passenger demand, particularly as a result of the COVID-19 pandemic. They're pushing to renegotiate contracts with manufacturers like Boeing and Airbus to delay or cancel orders. Finally, to further cut costs, some airlines are opting to keep their existing fleet in the air longer and spend money on maintenance and upgrades instead of purchasing new aircraft. This can save money in the short term, but it may lead to higher maintenance costs in the long run. Note: Information depends on recent aviation trends and may change with changing industry dynamics.