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Author: Tae Hoon Oum
Publisher: Springer Science & Business Media
ISBN: 1461554810
Category : Business & Economics
Languages : en
Pages : 231
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Book Description
Major institutional, regulatory, and structural changes have occurred in international air transport during the past two decades. Many countries have deregulated their domestic airline industries and open skies continental blocs have formed in Europe and North America A movement is now underway to create a liberalized continental bloc in Australasia. International air transport has been substantially liberalized due to the diminishing role of lATA as an industry cartel, and via a series of liberalized bilateral agreements signed between many countries, including the u.s. and UK Increased liberalization and continentalization have induced major airlines to create global service networks through inter-carrier alliances. And all these changes are intensifYing competition between major carriers in both domestic and international markets. The increased competition and economic recession in the early 1990s led many airlines to massive fmancial losses, forcing them to undertake major restructuring to improve efficiency and reduce costs. Although it is important for an airline to map out proper strategies in the globalizing airline industry, the ultimate ability of a carrier to swvive and prosper in increasingly competitive markets greatly depends on its productivity and cost competitiveness.
Author: Tae Hoon Oum
Publisher: Springer Science & Business Media
ISBN: 1461554810
Category : Business & Economics
Languages : en
Pages : 231
Get Book Here
Book Description
Major institutional, regulatory, and structural changes have occurred in international air transport during the past two decades. Many countries have deregulated their domestic airline industries and open skies continental blocs have formed in Europe and North America A movement is now underway to create a liberalized continental bloc in Australasia. International air transport has been substantially liberalized due to the diminishing role of lATA as an industry cartel, and via a series of liberalized bilateral agreements signed between many countries, including the u.s. and UK Increased liberalization and continentalization have induced major airlines to create global service networks through inter-carrier alliances. And all these changes are intensifYing competition between major carriers in both domestic and international markets. The increased competition and economic recession in the early 1990s led many airlines to massive fmancial losses, forcing them to undertake major restructuring to improve efficiency and reduce costs. Although it is important for an airline to map out proper strategies in the globalizing airline industry, the ultimate ability of a carrier to swvive and prosper in increasingly competitive markets greatly depends on its productivity and cost competitiveness.
Author: Peter St. John
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
As international terrorism has grown over the past decades, airlines and airports have become increasingly popular targets for violent attacks and hijackings. In this volume, Peter St. John provides a survey of international air piracy and airline terrorism, and of the ways airline professionals and governments are coping, or attempting to cope, with the crisis. St. John not only deals with the history, politics, psychology, and sociology of air piracy, but also provides an assessment of the threat to commercial aircraft and ways to counter the danger. The principal theme he develops is that security for airports and aircraft can be achieved, and the fear of terrorists overcome, if Western countries cooperate in installing effective security policies and plans. St. John begins his work with a two-chapter history of the evolution of hijacking, tracing the five-to-seven-year cycles that seem to have emerged and the growth of the politically motivated hijacking that has become the most persistent and dangerous form. He next analyzes the eight types of individuals who have hijacked aircraft in the past, their different motives, and how they can be identified by airport security and flight crews. A major chapter discusses the politics of Western governments toward highjacking in Europe and North America, and identifies the best and worst airports around the globe. A seven-stage system of security that will probably be a necessity for the 1990s is also proposed. Ensuing chapters address the problem of the hijacked plane, offering advice for passengers and crew members who are victims of hijacking, and for government behavior, which often does more to encourage air terrorism than to prevent it. Finally, St. John looks to the future of airport security and describes the need for a concentrated attempt at all levels of national and international government to develop effective defenses against air piracy. A group of appendices is also included, documenting the principal hijacks of the past forty years as well as sabotage attempts on commercial aircraft. This work will be an important reference tool for professionals in security services and the airline and airport management field, and for students in political science and international relations courses. It will also be a valuable addition to college, university, and public libraries.
Author: Eldad Ben-Yosef
Publisher: Springer Science & Business Media
ISBN: 0387242422
Category : Business & Economics
Languages : en
Pages : 295
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Book Description
For over three decades the airline industry has continued to maintain a high profile in the public mind and in public policy interest. This high profile is probably not surprising. There does seem to be something inherently newsworthy about airplanes and the people and companies that fly them. The industry was one of the first major industries in the United States to undergo deregulation, in 1978. It thereby transitioned from a closely regulated sector (the former Civil Aeronautics Board tightly controlled everyt thing from prices to routes to entry) to one that is largely market oriented. The incumbent carriers transformed themselves from the point-to-point operators that the CAB had required to the hub-and-spokes structures that took better advantage of their network characteristics. Further, they transformed their pricing from the quite simple structures that the CAB had required to the highly differentiated/segmented pricing structures (“yield management”) that reached an apogee in the late 1990s. Some ca arriers, like American, Delta, and United, were better at this transition; others, like Pan American, TWA, and Eastern, were not. What the incumbent carriers did not do, however, was deal with their costly wage and work rules structures, which were an enduring legacy of their regulatory period. This legacy, when combined with the high-fare end of the yield-management pricing structure, has made them vulnerable to entry by new carriers with lower cost structures.
Author: John D. Bitzan
Publisher: Emerald Group Publishing
ISBN: 1785609394
Category : Transportation
Languages : en
Pages : 388
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Book Description
An efficient air transport system is critical to countries attaining and sustaining healthy economies in an increasingly interconnected world economy. This volume 5 of Advances in Airline Economics includes literature surveys and original empirical research examining airline efficiency in the twenty first century.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 28
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Book Description
Author: Bijan Vasigh
Publisher: Routledge
ISBN: 1351158023
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
Foundations of Airline Finance: Methodology and Practice is a textbook that comprehensively covers, at a basic level, all aspects of the subject, bringing together many of the numerous and informative articles and institutional developments that have characterized the field of airline finance in the previous two decades. In the early chapters, the reader is introduced to the elementary theoretical foundations that underpin the role of finance in the airline industry. Critical topics, such as the time value of money, the notion of risk and return, and the complex nature of costs (fixed, semi-fixed, variable, and marginal) are discussed and illustrated with concrete examples. This is followed by an in-depth presentation of the role of accounting in airlines. Ratio analysis is used to further analyze airline financial statements. Airline industry specific metrics, such as cost per available seat mile (CASM) and revenue per revenue passenger mile (RRPM), are covered. The role of capital and asset management is then explained in the following chapters. The final chapters of the text present some important practical applications of the theoretical ideas presented earlier; these applications include hedging, the buy versus lease decision for aircraft and the question of the valuation of assets (mainly aircraft). Moreover, specific methods for actually calculating internal valuation are presented and evaluated. Foundations of Airline Finance: Methodology and Practice will be of greatest value to students who are contemplating entering financial management in the air transportation industry; however, the text will also serve as an accessible and comprehensive reference for industry professionals.
Author:
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 716
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Book Description
Author: Alan Kinene
Publisher: Linköping University Electronic Press
ISBN: 917929703X
Category :
Languages : en
Pages : 29
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Book Description
Small communities or remote regions are usually ignored by airlines because they have insufficient passenger demand and the air services to and from these regions are unprofitable. Free market conditions would lead to the lack of air connectivity to and from remote regions, hence transportation authorities intervene by procuring air services to guarantee improved accessibility for these regions. The procurement of air services is done through subsidy schemes where the transportation authorities pay subsidies to airlines that provide these air services along the routes to and from remote regions. These routes are commonly referred to as subsidised routes. The procurement of subsidised air services (subsidised routes) involves two major tasks—the selection of routes to subsidise and the selection of airlines to serve these routes. These are the focus of this thesis. The overall aim of this thesis is to design decision support models that can be used by transportation authorities to select the routes to subsidise and to select airlines to serve these routes. First, we develop an optimisation model that selects the routes to be subsidised, by maximising the number of people that can reach a given destination under different accessibility criteria subject to a budget. The model is capable of handling multiple accessibility criteria. As input to this model, we develop a novel method for estimating the subsidies required for non-existing subsidised routes. Second, we develop an auction framework to provide decision support to transportation authorities when designing auctions for the procurement of subsidised air services. The auction framework has three steps: auction definition by the transportation authority, bid preparation by the bidding airlines, and winner determination by the transportation authority. We develop two optimisation models as part of the auction framework, a winner-determination model for selecting the bids with the minimum subsidies, and a bid preparation model that replicates the airline’s behaviour when preparing bids for subsidised routes. The bid preparation model has an objective of minimising subsidies subject to a minimum profit threshold. We additionally propose models to estimate the appropriate demand and the route-operation cost for subsidised routes, which are needed as input to the bid preparation model. We demonstrate the usefulness of the two decision support models using the Public Service Obligation (PSO) network of subsidised routes in Sweden. The results suggest that the optimisation model can be used to select a new network of subsidised routes with improved accessibility to given destinations (e.g., the capital and an international airport) at a lower subsidy cost than the current network of subsidised routes. Having a requirement on the maximum airfare but not the minimum number of flights provides a good trade-off between the current restrictive setup with requirements on both the minimum number of flights and the maximum airfare, and a setup of the tendering process with no restrictions.
Author: Tae Hoon Oum
Publisher: Routledge
ISBN: 1351785451
Category : Social Science
Languages : en
Pages : 168
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Book Description
This title was first published in 2000: A comprehensive assessment of the markets and outlook for the air transport industry in the Asia-Pacific region. The book examines options for improvement of the regulatory system and industry structure, drawing on experience within and outside of the region. It includes the short- and long-term effects of the current economic crisis on Asian airlines and air transport markets and differs from other works due to its description and analysis of all major aspects of the Asian air transport industry and airlines.
Author: Rosário Macário
Publisher: Routledge
ISBN: 1136926445
Category : Business & Economics
Languages : en
Pages : 657
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Book Description
This book offers material for strategic thinking featuring contributions from key figures in Europe, the US and Asia. The focus of the book expands from economic to legal issues, bankruptcy and safety and security. The carefully selected papers offer a thorough and structured analysis of major current developments in the air transport industry. Fully up to date, topics covered include competitive strength, capacity utilisation and risk. The most likely future scenarios are more or less known. Only, the timeframe remains uncertain. The speed at which the various market players in the air transport chain will implement their strategies remains the key question. This depends on a whole range of exogenous and endogenous variables, as this book aspires to demonstrate. As both an overview of the current issues affecting the industry and as a cohesive set of strategic documents, therefore, this collection will prove invaluable for policy makers and researchers alike.
