Airline economics and finance

Textbook (chapter)

Zhang, Anming and Zhang, Yahua. 2018. "Airline economics and finance." Halpern, Nigel and Graham, Anne (ed.) The Routledge companion to air transport management. Milton Park, United Kingdom. Routledge. pp. 171-188
Chapter Title

Airline economics and finance

Book Chapter CategoryTextbook (chapter)
ERA Publisher ID3137
Book TitleThe Routledge companion to air transport management
AuthorsZhang, Anming (Author) and Zhang, Yahua (Author)
EditorsHalpern, Nigel and Graham, Anne
Page Range171-188
SeriesRoutledge Companions
Chapter Number11
Number of Pages17
Year2018
PublisherRoutledge
Place of PublicationMilton Park, United Kingdom
ISBN9781138641372
9781315630540
Web Address (URL)https://www.taylorfrancis.com/books/e/9781317247357
Abstract

This chapter has surveyed the topics in the field of airline economics, including areas such as airline costs and production, airline demand and revenue management, airline financial issues, and airline profitability. The debates in these areas are explored from an economic perspective to help readers understand contemporary economic issues and challenges facing the airline industry, and to provide the airline management with an economic way of thinking in dealing with these issues. This chapter also aims to serve a purpose for air transport researchers to consider some under-researched areas where definitive answers to some interesting issues are still lacking. These include, among others, effective ways of reducing fuel cost risks such as fuel hedging and the adoption of new technologies, development of non-price competition strategies that can be used by airlines to differentiate their products, establishing new marketing strategies, and redesigning airline networks when surface transportation modes (e.g., high-speed rail) become a threat.

Keywordsairline cost; airline demand; airline competition; airline finance
ANZSRC Field of Research 2020350901. Air transportation and freight services
380117. Transport economics
Public Notes

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Byline AffiliationsUniversity of British Columbia, Canada
School of Commerce
Institution of OriginUniversity of Southern Queensland
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