Airline Microeconomics
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Airline Microeconomics
Author: Tony Webber
language: en
Publisher: Cambridge Scholars Publishing
Release Date: 2022-07-25
This book presents readers with a technical tool-kit to understand the economics of airlines. It starts by covering the key language and glossary of the air travel business, which is necessary for graduates or first-time employees in aviation to understand the content of conversations, meetings, presentations and internal aviation communications. It then breaks down the complexity of the demand side of the air travel business. The book then analyses revenue over two distinct time horizons, specifically the short and medium runs, recognising the fact that airlines operate to a fixed number of seats over a short horizon because of the way that they schedule services in advance of departure. By combining revenue and costs, the book then analyses airline profit, with a focus on the short run and medium run decision variables that maximise airline profit. The remainder of the book analyses various important topics in air transport economics, including competition in airline markets, key rules, regulations and taxes that affect the return on capital in aviation, the way that airlines form relationships, and the economics of the market for oil and jet fuel, among others.
Introduction to Air Transport Economics
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 that have characterized the field of airline economics in the last two decades as well as adding a number of areas original to an aviation text. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. The book offers a self-contained theory and applications-oriented text for any individual intent on entering the aviation industry as a practicing professional in the management area. It will be of greatest relevance to undergraduate and graduate students interested in obtaining a more complete understanding of the economics of the aviation industry. It will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry. The second edition has been extensively updated throughout. It features new coverage of macroeconomics for managers, expanded analysis of modern revenue management and pricing decisions, and also reflects the many significant developments that have occurred since the original’s publication. Instructors will find this modernized edition easier to use in class, and suitable to a wider variety of undergraduate or graduate course structures, while industry practitioners and all readers will find it more intuitively organized and more user friendly.
Air Transport Economics
Air Transport Economics: From Theory to Applications uniquely merges the institutional and technical aspects of the aviation industry with their theoretical economic underpinnings. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. This fourth edition has undergone extensive updates throughout. It features new material addressing the impact of COVID-19 on the air transport industry, and the efforts made by both the industry and governments to facilitate recovery. A new chapter examines the impact of air transport on climate change and how government policies to address this issue could reshape the industry. Additionally, alongside expanded coverage of revenue management and pricing decisions, this fourth edition incorporates case studies that give real-world examples to reflect current industry practices. Moreover, there is a discussion of the latest computer applications that enhance the effectiveness of the new techniques. This book offers a self-contained theory and applications-oriented text for individuals aspiring to enter the aviation industry as a practicing professional in the management area. It will be of the greatest relevance to undergraduate and graduate students aiming to acquire a comprehensive grasp of the economics of the aviation industry. The review questions at the end of each chapter have been expanded considerably, and an online assignment has been introduced for each chapter. This book will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry.