Price discrimination and yield management in the airline industry
Edited book (chapter)
Chapter Title | Price discrimination and yield management in the airline industry |
---|---|
Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 1821 |
Book Title | International encyclopedia of transportation, Vol. 1 |
Authors | Zhang, Guoquan (Author), Law, Colin C. H. (Author), Zhang, Yahua (Author) and Yang, Hangjun (Author) |
Editors | Vickerman, Roger |
Volume | 1 |
Page Range | 404-408 |
Number of Pages | 5 |
Year | 2021 |
Publisher | Elsevier |
Place of Publication | Amsterdam, Netherlands |
ISBN | 9780081026717 |
9780081026724 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/B978-0-08-102671-7.10077-6 |
Abstract | This chapter introduces the concept of price discrimination and explores how a new airline business model enhances the practice of price discrimination in the Australian airline market. Based on the idea of price discrimination, airlines apply yield management to capture high-yield passengers and at the same time to fill the aircraft with price-sensitive passengers to avoid the flight departing with too many empty seats. This history, recent development, and approaches of airline yield management are presented in this chapter. |
Keywords | price discrimination, yield management, airline-within-airline, fare fence, artificial intelligence |
ANZSRC Field of Research 2020 | 380117. Transport economics |
350901. Air transportation and freight services | |
Public Notes | No evidence of copyright restrictions preventing deposit of Accepted Chapter. |
Byline Affiliations | School of Business |
University of International Business and Economics, China | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q6689/price-discrimination-and-yield-management-in-the-airline-industry
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