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The economics of airlines / Volodymyr Bilotkach.
Author
Bilotkach, Volodymyr
[Browse]
Format
Book
Language
English
Published/Created
Newcastle upon Tyne : Agenda Publishing Limited, 2017.
Description
x, 174 pages : illustrations ; 22 cm.
Availability
Available Online
JSTOR DDA
Copies in the Library
Location
Call Number
Status
Location Service
Notes
Firestone Library - Stacks
HE9782 .B55 2017
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Details
Subject(s)
Airlines
—
Economic aspects
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Airlines
—
Management
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Series
Economics of big business
[More in this series]
The economics of big business
Summary note
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.
Bibliographic references
Includes bibliographical references (pages 165-171) and index.
Contents
Demand and cost ; Airline markets ; External effects of aviation ; Economics of related markets
ISBN
9781911116134 (hardback)
1911116134
9781911116141 (paperback)
1911116142
LCCN
2017434278
OCLC
965761431
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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The economics of airlines / Volodymyr Bilotkach.
id
99111880483506421
The economics of airlines / Volodymyr Bilotkach.
id
SCSB-11369865