The paper explores the long versus short-term attributes of the airline industry exposure to oil price risk in a macroeconomic framework that emphasizes the interconnections between various risk factors, which is the main contribution to the research in the field. A panel ARDL model and PMG...

This paper examines explicit northern and Arctic connectivity policies in Canada, recognising the vital importance of air services in economic and social life. It comments on existing legislation, regulations, policies and programmes of the federal government as well as of Canada's three...

Neben den CO2-Emissionen verursacht das Fliegen Klimaschäden durch Nicht-CO2-Emissionen, die bislang nicht durch die umweltpolitische Regulierung adressiert sind. Bodo Sturm und Joachim Weimann erläutern die Probleme, die sich aus der Tatsache ergeben, dass es sich bei den Nicht-CO2-Emissionen...

The article is a comprehensive analysis of the economic impact of COVID-19 on Azerbaijan's aviation sector. Research shows that the decline in the aviation sector has affected not only aviation but also the tourism sector and small businesses at airports. Restrictions on air travel due to the...

We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a simple "matched pairs" statistical model indicate that these mergers were associated with reductions in unit cost. The...

Firms establish a presence in a wide range of alliances to access the critical resources that they may need at any one time. Although inter-organizational relationships constitute the channels through which social capital flows, firms should consider which mechanisms or characteristics of the...

Airlines often route passengers on connecting flights through hubs. Despite theprevalence of connecting service, airline research focuses on nonstop routes. We estimatethe propagation of shocks to fares on nonstop routes to fares on connectingroutes that include those nonstop routes as a leg. We...

A number of recent papers have studied the relationship between price and market structure in the deregulated airline industry through a cross-sectional analysis of city-pair markets. Yet, while interesting, several potential difficulties underlie the inferences drawn in these analyses. In this...

Objective – This article aims to preliminarily examine and summarize the impact of COVID-19 on airline business and to briefly investigate how the airlines respond.Methodology/Technique – The researchers synthesize data and information collected from industry organizations' reports and...

The COVID-19 crisis still has a firm grip on the aviation industry after global air traffic slumped to 66% below the previous year's level in 2020, and many airlines could only be saved from bankruptcy by special loans or direct state equity investments. At the same time, there is increasing...

Forecasting of financial distress helps not only the companies but also their stakeholders, employees, creditors, stock market agents, etc. As COVID-19 has made a humungous impact on the Aviation industry of the country already we have witnessed a decline in the industry but since the country...

We study an integrated airline schedule design and fleet assignment model for constructing schedules by simultaneously selecting from a pool of optional flights and assigning fleet types to these scheduled flights. This is a crucial tactical decision which greatly influences airline profit. As...

Airfares vary across the booking horizon according to intertemporal price discrimination and adjustment of fares in response to stochastic demand shocks. Previous works studying these economic forces abstract away from the ramifications of pricing an itinerary has on revenue and consumer welfare...

Viele aktuelle Probleme im Luftverkehr hängen mit der Zahl der Flugbewegungen zusammen. Überfüllungen im Luftraum, erschwerte Koordination an Flughäfen, hohe Emissionen von Lärm und Schadstoffen sowie große Komplexität der Airlines sind Begleiterscheinungen zu vieler Flugbewegungen. Die...

Many current problems in air traffic are related to the number of aircraft movements. Overcrowding in the airspace, difficult coordination at airports, high emissions of noise and pollutants as well as complexity of airlines are side effects of too many aircraft movements. This study examines...

Airline industry is very important for modern society as the biggest player in the globalization process by connecting regions, promoting global trade and tourism, facilitating economic and social development. However, here is a lack of research on relationship between globalization and airline...

The aviation industry represents an important polluter, being responsible for increasing environmental impacts on global scale. Aiming to approach the adoption of suitable policies in the aviation industry towards the achievement of the national and international sustainability goals, the...

Der Luftverkehr ist durch die Maßnahmen gegen die COVID-19-Pandemie besonders stark betroffen. Der Verkehrsrückgang betrug 2020 zum Teil mehr als 90 %. Da die Branche von großer Bedeutung ist, sind besondere staatliche Unterstützungsmaßnahmen sinnvoll, wenn die Pandemie vorbei ist und neues...

'Future skills'; increase employees' prospects in the labor market, particularly in dynamic times, such as the current COVID-19 pandemic. (Not only) in Germany, flight attendants represent an occupational group without state-recognized vocational occupation who are particularly affected by the...

The aviation sector has a significant role to play in the reduction of carbon emissions, particularly in light of EU emissions targets. Within the EU, aviation emissions constitute 13.9 per cent of total transport emissions, where under the Green Deal a target of 90 per cent reduction in...

The COVID-19 pandemic has negatively been influencing the air transport industry. The devastating impacts, which started to be felt since the first months of 2020, consisted in rationalizing the fleet, reducing staff number and reconfiguring their networks and capacity. Therefore, understanding...

Mallorca is the most popular foreign travel destination for German tourists, with almost five million flying to the Balearic island every year. However, the coronavirus pandemic brought passenger air traffic to a virtual standstill in March 2020. Flights to Mallorca resumed in June 2020, but the...

Mallorca is the most popular foreign travel destination for German tourists, with almost five million flying to the Balearic island every year. However, the coronavirus pandemic brought passenger air traffic to a virtual standstill in March 2020. Flights to Mallorca resumed in June 2020, but the...

Recent technological developments open up possibilities for introducing a vast number of novel mobility concepts in urban environments. One of these new concepts is urban air mobility (UAM). It makes use of passenger drones for on-demand transport in urban settings, promising high travel speeds...

For the last several decades, global airline alliances have ensured their market presence in the aviation industry. Scholars have focused on the effects of alliance affiliation for airlines and what the competitive advantages of alliances are. However, these issues have been discussed in...

This paper examines explicit northern and Arctic connectivity policies in Canada, recognising the vital importance of air services in economic and social life. It comments on existing legislation, regulations, policies and programmes of the federal government as well as of Canada’s three...

This paper analyzes the patterns of the World Air traffic flow and shows that at equilibrium, it always meets the Geometric Brownian Motion GBM criteria. The corresponding GBM model has been used to run Monte Carlo Simulations of the projected air traffic level at the end of the year 2021. Then...

This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...

This paper estimates a model of airline competition that captures the two major features of the industry: product differentiation and economies of density. The results not only provide support to some of the traditional common wisdom in the industry, but are also useful for understanding major...