The economics of airlines
Author(s)
Bibliographic Information
The economics of airlines
(The economics of big business)
Agenda Pub., c2017
- : hardcover
- : pbk
Available at 7 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references index
Description and Table of Contents
Description
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 unrivalled 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.
Table of Contents
1. Introduction
PART I Demand and Cost
2. Demand for air travel
3. Cost
4. Pricing
PART II Airline Markets
5. Market structure
6. Competition and consolidation
7. Alliances and joint ventures
8. Regulation and deregulation
9. Aviation safety and security
PART III External Effects of Aviation
10. Congestion and delays
11. Air and noise pollution
12. Positive benefits
PART IV Economics of Related Markets
13. Airports
14. Air navigation services
15. Aircraft manufacturing
by "Nielsen BookData"