Winning Airlines: Productivity and Cost Competitiveness of the World's Major Airlines / Edition 1

by Tae Hoon Oum, Chunyan Yu

Overview

Major institutional, regulatory, and structural changes have occurred in international air transport during the past two decades. Many countries have deregulated their domestic airline industries and open skies continental blocs have formed in Europe and North America A movement is now underway to create a liberalized continental bloc in Australasia. International air transport has been substantially liberalized due to the diminishing role of lATA as an industry cartel, and via a series of liberalized bilateral agreements signed between many countries, including the u.s. and UK Increased liberalization and continentalization have induced major airlines to create global service networks through inter-carrier alliances. And all these changes are intensifYing competition between major carriers in both domestic and international markets. The increased competition and economic recession in the early 1990s led many airlines to massive fmancial losses, forcing them to undertake major restructuring to improve efficiency and reduce costs. Although it is important for an airline to map out proper strategies in the globalizing airline industry, the ultimate ability of a carrier to swvive and prosper in increasingly competitive markets greatly depends on its productivity and cost competitiveness.

Product Details

ISBN-13:	9780792380108
Publisher:	Springer US
Publication date:	11/30/1997
Series:	Transportation Research, Economics and Policy , #6
Edition description:	1998
Pages:	221
Product dimensions:	6.10(w) x 9.25(h) x 0.02(d)

Table of Contents

1 Introduction.- 2 The International Air Transport Industry.- 3 International Regulatory Environment.- 4 Operating Environment and Input Prices.- 5 Partial Factor Productivities and Input Efficiency Indices.- 6 Airline Productivity and Efficiency.- 7 Preliminary Cost Analysis.- 8 Cost Competitiveness.- 9 Yields, Costs and Financial Performance.- 10 Summary and Conclusions.- References.

Editorial Reviews

Examines the supply side of air transport services, focusing on issues related to productivity, input prices, exchange rate dynamics, global sourcing of airline labor, maintenance and other services, and unit cost competitiveness of the airlines. Reviews trends in international air transport's regulatory and business environments and identifies aspects of airline strategy, planning and operations where airline management and public policy makers should focus their efforts to enhance competitiveness in the globalizing airline markets. Annotation c. by Book News, Inc., Portland, Or.

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