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The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across the world prompting many national carriers to seek government bailouts, while smaller airlines collapsed. In this updated and expanded new edition Volodymyr Bilotkach explains the economic realities of the airline industry and the challenges that the sector now faces after the seismic impact of the Covid-19 pandemic. The impact of such a large-scale external shock on the industry is considered across each of its sectors and for each of its primary economic determinants. The book also includes new material on changes to cost structures, the pricing of add-on services, cargo, airport slot allocation and the impact of climate change. The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.
ECONOMICS OF AIRLINES SECOND EDITION
Language: en
Pages: 224
Authors: BILOTKACH
Categories:
Type: BOOK - Published: 2021-05-31 - Publisher: Agenda Publishing

The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across
The Economics of Airlines
Language: en
Pages: 176
Authors: Volodymyr Bilotkach
Categories:
Type: BOOK - Published: 2017-07-25 - Publisher:

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
Flying Off Course
Language: en
Pages: 384
Authors: Rigas Doganis
Categories: Business & Economics
Type: BOOK - Published: 2013-07-03 - Publisher: Routledge

First published in 1991. Routledge is an imprint of Taylor & Francis, an informa company.
Introduction to Air Transport Economics
Language: en
Pages: 512
Authors: Bijan Vasigh, Ken Fleming
Categories: Business & Economics
Type: BOOK - Published: 2016-05-06 - Publisher: Routledge

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
The Economics of Airport Operations
Language: en
Pages: 456
Authors: James Peoples, John Bitzan
Categories: Transportation
Type: BOOK - Published: 2017-10-03 - Publisher: Emerald Group Publishing

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.