THE ECONOMICS OF AIRLINES

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The Economics Of Airlines

Author : Volodymyr Bilotkach
ISBN : 1911116134
Genre : Business & Economics
File Size : 42.92 MB
Format : PDF
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Revenues of the global airline industry have doubled over the past ten years and it is forecast that by 2026 the aviation industry will contribute $1 trillion to world GDP. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and most airlines struggle to break even. This book explores the economic realities of the airline industry, how airlines compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the airline industry we see today. Part 1 of the book introduces the reader to the aviation sector of the economy in general and the airline industry in particular, showing how the theory of consumer choice and the theory of the firm apply to airline markets. The discussion ranges over the determinants, elasticity and uncertainty of demand, the airline cost structure (a third of an airline's operating costs is spent on fuel) and how the industry's yield management system determines pricing. Part 2 examines market concentration, the intensity of competition between airlines, and their competitive strategies in the world's two largest deregulated markets, the US and the EU. The emergence of low-cost carriers, the future of the three global alliances, and the consolidation of network carriers through merger and acquisition all come under examination. Part 3 evaluates the external effects of aviation, both negative (air and noise pollution, congestion and delays) and positive (economies of agglomeration and productivity improvement in various sectors of the economy). The final part of the book explores the economics of markets most directly related to the commercial passenger airline industry, including airports, air traffic control, and aircraft manufacturing and jet engines. The book provides an unrivaled analysis of how the airline industry makes and loses money and reveals the economic strategies behind those often baffling pricing decisions we encounter each time we book a flight. The book draws on the latest academic research and uses airline-specific case-studies as well as aggregated data sets to give an up-to-date economic analysis of one of the world's most important business sectors
Category: Business & Economics

Flying Off Course

Author : Rigas Doganis
ISBN : 9781134887781
Genre : Business & Economics
File Size : 35.84 MB
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First published in 1991. Routledge is an imprint of Taylor & Francis, an informa company.
Category: Business & Economics

An Introduction To Airline Economics

Author : William E. O'Connor
ISBN : 0275969118
Genre : Business & Economics
File Size : 73.74 MB
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Thoroughly revised to cover recent changes in the industry, this classic book continues to be the standard introduction to the economics of U.S. airlines.
Category: Business & Economics

Flying Off Course Iv

Author : Rigas Doganis
ISBN : 9781135188887
Genre : Business & Economics
File Size : 90.17 MB
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Rigas Doganis’s Flying Off Course has been the bible of the airline industry for several decades now and this new edition is published to take into account of the sweeping changes that the business has undergone in the new millennium.
Category: Business & Economics

Straight And Level

Author : Mr Stephen Holloway
ISBN : 9781409485797
Genre : Transportation
File Size : 31.92 MB
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This third edition of Straight and Level thoroughly updates the previous edition with extensive comments on recent industry developments and emerging business models. The discussion is illustrated by current examples drawn from all sectors of the industry and every region of the world. Anyone who wants to gain a deeper understanding of airline economics at a practical level and an insight into the reasons for its financial volatility should find the book of interest.
Category: Transportation

Pricing Behaviour And Non Price Characteristics In The Airline Industry

Author : James Peoples
ISBN : 9781780524689
Genre : Business & Economics
File Size : 28.7 MB
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Provokes the reader to think critically about the emergence of corporate styles of governance, management and leadership in higher education institutions (HEIs) and ways in which the demands of public management and the knowledge economy has shaped and re-shaped scholarly work and identity.
Category: Business & Economics

The Economic Effects Of Airline Deregulation

Author : Steven Morrison
ISBN : 0815708068
Genre : Business & Economics
File Size : 65.19 MB
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In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.
Category: Business & Economics

The Economics Of International Airline Transport

Author :
ISBN : 9781783506408
Genre : Transportation
File Size : 48.1 MB
Format : PDF
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The Economics of International Airline Transport provides a complete analysis of the economics of international air transportation by presenting research on the costs borne by air transportation companies due to pollution regulation in Europe, Australia and New Zealand.
Category: Transportation

The Economic Geography Of Air Transportation

Author : John T. Bowen
ISBN : 9781135156565
Genre : Business & Economics
File Size : 65.96 MB
Format : PDF
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Like the railroad and the automobile, the airliner has changed the very geography of the societies it serves. Fundamentally, air transportation has helped redefine the scale of human geography by dramatically reducing the cost of distance, both in terms of time and money. The result is what the author terms the ‘airborne world’, meaning all those places dependent upon and transformed by relatively inexpensive air transportation. The Economic Geography of Air Transportation answers three key questions: how did air transportation develop in the century after the Wright Brothers, what does it mean to live in an airborne world, and what is the future of aviation in this century? Examples are drawn from throughout the world. In particular, ample consideration is given to the situation in developing countries, where air transportation is growing rapidly and where, to a considerable degree, the future of the airborne world will be determined. The book weaves together the technological development of aviation, the competition among aircraft manufacturers and their stables of airliners, the deregulation and privatization of the airline industry, the articulation of air passenger and air cargo services in everyday life, and the challenges and controversies surrounding airports. It will be of particular interest to students and researchers in air transport history, the geography of the airline industry, air transport technological development, competition in the commercial aircraft industry, airport development, geography and economics. It will also be useful to professionals working in the airline, airport, and aircraft manufacturing industries.
Category: Business & Economics