An Introduction to Airline Economics (6th Edition) by William E. O'Connor

By William E. O'Connor

The cloth of the airline has endured to suffer awesome alterations because the fifth version of this vintage textual content used to be released in 1995. The has witnessed a chain of mergers and a development towards consolidation into fewer yet higher airways. direction styles were reconstructed round hub towns. not like the early Nineties, which observed unparalleled working deficits, the past due Nineteen Nineties have obvious a swing to hugely ecocnomic operations, characterised via the forming of alliances between U.S. and international airways. Revised considerably to hide those adjustments, this ebook is a superb creation to the economics of U.S. airline providers, either family and foreign. a faculty point textual content appropriate for college kids and not using a historical past in economics, this ebook is meant for such one-semester classes as Aviation management, Air Transportation, and Economics of Air Transportation. bettering the book's price, the quantity comprises self-testing questions for every bankruptcy and an appendix protecting the parts of the elemental transportation statute--the former Federal Aviation Act--that are pertinent to the textual content. Focusing completely on airlines--and except for deepest, army, and different sorts of flying--this booklet is the single university textual content dealing completely with the economics of U.S. airways.

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There was no showing of public convenience and necessity, or even of fitness, required. The result was the virtual elimination of controls over entry into scheduled domestic all-cargo service. The new law further provided that after a year’s delay (November 9, Entry and Exit 29 1978) these certificates (unofficially called “Section 418 certificates” after a new section in the Federal Aviation Act describing them) would become available to any air carrier even though it had not offered all-cargo flights in the 1977 period.

Suffice it to say here that they have become tools by which a major airline entrenched at an airport may effectively limit competition at that point. One example of the effectiveness of this process can be found at St. Louis, which had service by five major airlines before deregulation, then saw nine new entrants in the first years of deregulation. By mid-1987, however, according to the Wall Street Journal, Now most of the traffic is handled by one carrier: Trans World Airlines. Having driven back or acquired its major rivals, TWA today enjoys a degree of dominance here that any airline would have envied prior to deregulation.

There has been some trend back toward point-to-point (also called “linear”) service. The airlines may end up trying to strike a balance between hubbing and linear services as they balance the savings from hubbing (especially higher load factors) against its costs. These include lower utilization of aircraft and labor, as well as less efficient fuel consumption. However, since most city pairs do not have enough traffic to justify a nonstop, point-to-point service, the airlines are likely to continue routing most passengers through hubs15 The practical limitation on entry caused by hubbing may be alleviated to some extent by a shift to some linear routes, but this does not mean a trend away from one-carrier dominance at each hub point.

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