The economics of airlines / Volodymyr Bilotkach.

Format:

Book

Author/Creator:

Bilotkach, Volodymyr, author.

Series:

Economics of big business

The economics of big business

Language:

English

Subjects (All):

Airlines--Economic aspects.

Airlines.

Airlines--Management.

Physical Description:

x, 174 pages : illustrations ; 22 cm.

Place of Publication:

Newcastle upon Tyne : Agenda Publishing Limited, 2017.

Summary:

Aviation activities currently represent 3.4 per cent of global GDP and air travel demand is forecast to double over the next twenty years. 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. The discussion ranges over the determinants of demand, the airline cost structure and how the industry's yield management system determines pricing. The intensity of competition between airlines, and their competitive strategies in the two largest deregulated markets, the US and the EU, is explored. The emergence of low-cost carriers and the consolidation of network carriers are examined and the external effects of aviation, both negative (pollution, conges-tion and delays) and positive (economies of agglomeration and productivity improvement in various sectors of the economy) are discussed. The final part of the book explores the economics of markets most directly related to the commercial passenger airline industry: airports, air traffic control and aircraft manufacturing. The book provides a clear and engaging 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 to provide an up-to-date economic analysis of one of the world's most important business sectors. Book jacket.

Contents:

Demand and cost ; Airline markets ; External effects of aviation ; Economics of related markets

Notes:

Includes bibliographical references (pages 165-171) and index.

ISBN:

9781911116134

1911116134

9781911116141

1911116142

OCLC:

965761431

Publisher Number:

99981310884