This article looks at the efficiency of Portuguese tour operators focusing on firm size, group ownership, and mergers and acquisitions. It has been argued that changed market conditions in Europe make it hard for tour operators to achieve economies of scale and market growth without increasing...

This paper addresses empirically financial and operational performance of Italian airports using data envelopment analysis (DEA) methodology. With panel data for 2001–2003, the study tests variable relationships—the relative roles of dimension, managerial status and workload...

This paper uses the Luenberger productivity indicator to evaluate productivity changes of European airlines, combining operational and financial variables from 2000 to 2011. For comparative purposes the Malmquist index is estimated. Three low cost European airlines are inserted in the data set,...

In this paper, the random stochastic frontier model is used to estimate the technical efficiency of UK airports. The airports are ranked according to their productivity for the period 2000–2005 and homogenous and heterogeneous variables in the cost function are disentangled. These changes...

This paper presents an efficiency assessment of African airlines, using the TOPSIS – Technique for Order Preference by Similarity to the Ideal Solution. TOPSIS is a multi-criteria decision making technique, which similar to DEA (Data Envelopment Analysis), ranks a finite set of units...

A two-stage procedure is used to estimate the technical efficiency of Argentina's airports from 2003 to 2007, a period of intense economic crisis, during which the traffic fell by 50%. In the first stage, the airports' relative technical efficiency is estimated using data envelopment analysis to...

This paper introduces the bootstrapping methodology to analyse and test the scale efficiency of airports. The results from a sample of 27 small and large UK airports indicate that most large airports are scale efficient or operating in a region of decreasing returns to scale, while most small...

This paper adopts the metafrontier model to analyze and compare the technical efficiency of small and large UK airports. The interesting feature of the model is that it takes into account the technological differences in the estimation of efficiency, and thus increases the accuracy in the...