THE ECONOMICS OF AIRLINES

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The Economics Of Airlines

Author : Volodymyr Bilotkach
ISBN : 1911116134
Genre : Business & Economics
File Size : 53.11 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 : 9781134613793
Genre : Business & Economics
File Size : 42.92 MB
Format : PDF
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In the years since the first edition of Flying Off Course appeared, the international airline industry has changed dramatically. Deregulation has become widespread and has brought with it new operating practices and management concepts. This revised and updated edition reflects these changes. Key aspects of the industry are expertly analyzed including issues such as: * the factors affecting airline costs * the problems of pricing * airline marketing and product planning * the impact of United States deregulation * European air transport after 1992 * the crisis in airfreight; and the economics of charters. Flying Off Course provides a fascinating and topical insight into the working of international transport as seen from an economist's viewpoint and will be a key text for those involved in the field.
Category: Business & Economics

An Introduction To Airline Economics

Author : William E. O'Connor
ISBN : 0275969118
Genre : Business & Economics
File Size : 86.16 MB
Format : PDF
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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

The Economics Of Airport Operations

Author : James Peoples
ISBN : 9781787144972
Genre : Transportation
File Size : 57.84 MB
Format : PDF, Kindle
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This volume examines the role that airports play in economic development and land values, the regulation and economic efficiency of airports, airport pricing and competition, and the role played by airports in influencing airline operations and networks.
Category: Transportation

The Economics Of Airline Institutions Operations And Marketing

Author : Darin Lee
ISBN : 9780444530271
Genre : Business & Economics
File Size : 74.5 MB
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This is the second in a new series of books on the economics of the airline industry. The series is comprised of a collection of original, cutting-edge, research papers from an international panel of distinguished contributors. Volume 2 focuses on topics related to the economics of airline institutions (i.e., airports, air traffic control, labor), operations and marketing. It provides an up-to-date collection of articles covering recent developments in the airline industry. It is written by an international panel of distinguished contributors.
Category: Business & Economics

The Economic Effects Of Airline Deregulation

Author : Steven Morrison
ISBN : 0815708068
Genre : Business & Economics
File Size : 53.74 MB
Format : PDF
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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

Airline Economics In Asia

Author : Xiaowen Fu
ISBN : 9781787545663
Genre : Business & Economics
File Size : 66.49 MB
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Covers low-cost carrier growth in Japan, competition against full service hub carriers in the Middle East, aviation market liberalization in Central Asia, high-speed-rail and airline competition in China, air transport and tourism in Asia and Australia, airline performance and outsourcing, airports development, and airport-airline cooperation.
Category: Business & Economics

The Economics Of International Airline Transport

Author :
ISBN : 9781783506408
Genre : Transportation
File Size : 50.58 MB
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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

Introduction To Air Transport Economics

Author : Bijan Vasigh
ISBN : 9781317113317
Genre : Business & Economics
File Size : 45.81 MB
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Introduction to Air Transport Economics: From Theory to Applications uniquely merges the institutional and technical aspects of the aviation industry with their theoretical economic underpinnings. In one comprehensive textbook it applies economic theory to all aspects of the aviation industry, bringing together the numerous and informative articles and institutional developments that have characterized the field of airline economics in the last two decades as well as adding a number of areas original to an aviation text. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. The book offers a self-contained theory and applications-oriented text for any individual intent on entering the aviation industry as a practicing professional in the management area. It will be of greatest relevance to undergraduate and graduate students interested in obtaining a more complete understanding of the economics of the aviation industry. It will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry. The second edition has been extensively updated throughout. It features new coverage of macroeconomics for managers, expanded analysis of modern revenue management and pricing decisions, and also reflects the many significant developments that have occurred since the original’s publication. Instructors will find this modernized edition easier to use in class, and suitable to a wider variety of undergraduate or graduate course structures, while industry practitioners and all readers will find it more intuitively organized and more user friendly.
Category: Business & Economics