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...

Access to efficient and affordable air transport services is indispensable to economic communities made up of dispersed islands. It is often claimed that the contribution of the sector would be greatly debilitated however without the presence of national or regional flag carriers. A...

Access to efficient and affordable air transport services is indispensable to economic communities made up of dispersed islands. It is often claimed that the contribution of the sector would be greatly debilitated however without the presence of national or regional flag carriers. A...

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...

<title>Abstract</title> Most international airlines hedge fuel costs, but the theoretical justification behind this action is weak. The paper explores the nature and extent of airline fuel hedging and asks why airlines hedge. The availability of hedging instruments is first discussed, with the most liquid...

A key question is whether the very successful, largely short-haul LCC business model can work over long-haul sectors? This paper compares the cost and other advantages of LCCs and evaluates how far they might be applied to long-haul sectors. It is estimated that cost advantages might be much...

There has been a growing interest in the environmental impact of aviation, both in terms of noise and aircraft engine emissions. Discussions have included both mitigation measures and methods of internalisation of these environmental costs also described as the principle of polluter pays. This...

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...