Various environmental measures, including both regulations and fiscal instruments, have been used at airports globally to reduce the impacts of aircraft noise as well as aircraft engine emissions. Internationally, it is recognized that the costs of environmental and social externalities of air...

This paper compares the economic gains from airports with some of the environmental costs of their operations. The economic effects are divided into direct, indirect, and induced impacts, and the direct impact into employment and income generated by the operation of an airport; while the...

This paper examines the current airline industry downturn and shows that the most recent available financial and operating estimates for the industry in 2009 look optimistic. Airline share prices have been worse affected than other sectors and air cargo has turned down sharply. While the...

This paper focuses on the calculation of the cost of equity capital in a sample of airlines, in comparison to industry-calculated values. The approach usually taken is to apply the Capital Asset Pricing Model to airline stock prices and market indices. The research shows that the calculated β...

US and European carriers have been developing strategies to reduce costs in response to the growing competition in their markets following airline deregulation in the USA since 1978, and liberalisation in Europe since 1988. The most obvious area of costs for airlines to tackle has been labour....

The establishment of Low Cost Carrier offshoots by network carriers has three possible objectives: to spin off profitable businesses; to see off low cost competition in key markets; and to establish a test-bed for adapting low cost business processes to their mainline operations. It is argued...

The paper examines the impact of removing the restrictions remaining in EU/US bilateral air service agreements, the major one relating to the air services between the US and the UK. These are dismantled under Stage I of the EU/US Open Skies agreement, which will automatically fall unless...

There is increasing pressure to reduce global CO2 emissions, with aviation targeted as an industry with high future expected growth and limited potential for reduced emissions. In Europe, air transport is likely to be included in the Emissions Trading Scheme from 2012, allowing open trading with...

This study looks at the relationship between air traffic/capacity growth and recent air policy reform pertaining to some Caribbean member states. The hypothesis is tested that changes to extra regional air policy can facilitate traffic growth that may result in substantial tourism growth for the...