Ulteriori informazioni
Extensively revised and updated edition of the bestselling textbook, provides an overview of recent global airline industry evolution and future challenges
* Examines the perspectives of the many stakeholders in the global airline industry, including airlines, airports, air traffic services, governments, labor unions, in addition to passengers
* Describes how these different players have contributed to the evolution of competition in the global airline industry, and the implications for its future evolution
* Includes many facets of the airline industry not covered elsewhere in any single book, for example, safety and security, labor relations and environmental impacts of aviation
* Highlights recent developments such as changing airline business models, growth of emerging airlines, plans for modernizing air traffic management, and opportunities offered by new information technologies for ticket distribution
* Provides detailed data on airline performance and economics updated through 2013
Sommario
Notes on Contributors xiii
List of Contributors xix
Series Preface xxi
Acknowledgments xxiii
1 Introduction and Overview 1
Peter P. Belobaba
1.1 Introduction: The Global Airline Industry 1
1.1.1 Deregulation and Liberalization Worldwide 4
1.1.2 Industry Evolution Since 2000 6
1.2 Overview of Chapters 13
References 17
2 The International Institutional and Regulatory Environment 19
Amedeo R. Odoni
2.1 Introduction 19
2.2 Background on the International Regulatory Environment 20
2.2.1 The Chicago Convention 20
2.2.2 Freedoms of the Air 21
2.3 Airline Privatization and International Economic Regulation 24
2.3.1 Airline Privatization 24
2.3.2 Types and Critical Aspects of Air Service Agreements 25
2.3.3 Typical Content of Bilateral and Multilateral ASAs 26
2.3.4 The Unified EU Market and Other Major Developments 29
2.3.5 The Role of Airline Alliances 32
2.4 Airports 33
2.4.1 Restrictions on Airport Access 33
2.4.2 Airport Ownership and Management 36
2.5 Air Traffic Management 39
2.6 Key Organizations and Their Roles 41
2.6.1 International Organizations 41
2.6.2 Organizations in the United States 43
2.7 Summary and Conclusions 45
References 46
3 Overview of Airline Economics, Markets and Demand 47
Peter P. Belobaba
3.1 Airline Terminology and Definitions 47
3.1.1 Basic Airline Profit Equation 49
3.2 Air Transportation Markets 51
3.2.1 Typical Air Passenger Trip 51
3.2.2 Spatial Definitions of Airline Markets 52
3.3 Origin-Destination Market Demand 55
3.3.1 Dichotomy of Airline Demand and Supply 55
3.3.2 Factors Affecting Volume of O-D Demand 57
3.3.3 Quality of Service Factors 57
3.3.4 Total Trip Time and Frequency 58
3.4 Air Travel Demand Models 60
3.4.1 Elasticity of Air Travel Demand 60
3.4.2 Air Travel Demand Segments 62
3.4.3 O-D Market Demand Functions 64
3.5 Airline Competition and Market Share 67
3.5.1 Market Share/Frequency Share Model 67
3.5.2 "S-Curve" Model Formulation 69
3.5.3 Quality of Service Index (QSI) Models 70
3.6 Summary 71
References 72
4 Airline Pricing Theory and Practice 75
Peter P. Belobaba
4.1 Airline Prices and O-D Markets 75
4.1.1 Regulated versus Liberalized Pricing 76
4.1.2 Theoretical Pricing Strategies 77
4.1.3 Price Discrimination versus Product Differentiation 79
4.2 Differential Pricing 79
4.2.1 Market Segmentation 81
4.2.2 Fare Product Restrictions 82
4.2.3 Airline Fare Structures 83
4.3 Recent Trends in Airline Pricing 89
4.3.1 Branded Fare Families 90
4.3.2 Unbundling and Ancillary Revenues 91
4.4 Airline Pricing Strategies 93
4.4.1 Factors Affecting Fare Structure in an O-D Market 93
4.4.2 Competitive Fare Matching 96
References 98
5 Airline Revenue Management 99
Peter P. Belobaba
5.1 Computerized Revenue Management Systems 101
5.2 Flight Overbooking 103
5.3 EMSR Model for Flight Leg Revenue Optimization 108
5.4 Network Revenue Management 112
5.4.1 O-D Control Mechanisms 113
5.4.2 Network RM Optimization Models 118
5.4.3 Revenue Benefits of O-D Control 120
5.5 Revenue Management for Less Restricted Fare Structures 121
&
Info autore
Editors
Peter Belobaba, Amedeo Odoni and
Cynthia Barnhart Massachusetts Institute of Technology (MIT), USA
Riassunto
The Global Airline Industry, Second Edition provides a comprehensive introduction to the global airline industry. The perspective is international, drawing on the authors extensive experience with airline and air transport issues around the world.
