As for "cost-cutting accidents," find me an airline anywhere, of any size and history, that is not working hard to reduce costs. And to conclude that a "cut-rate" airline increases anybody's risk "dramatically" is dishonest. And what is a "cut-rate" airline anyway? Southwest would probably fit that bill by most folks' definition, yet it's also the only U.S. major not to have a suffered a fatality over the past three decades.
... Averaged out, it's essentially a level playing field, and asking which is the safest airline to fly is a bit like asking which is the best lottery to play. If you're wondering which criteria to employ, whether you're headed for Madison or Madagascar, stick with price, schedule and service.
http://www.salon.com/tech/col/smith/2005/09/09/askthepilot153/index.html?sid=1387303
M.
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