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Economics/Finances The Airline Industry: Challenges in the 21st Century

Posted on 2010-03-16




Name:Economics/Finances The Airline Industry: Challenges in the 21st Century
ASIN/ISBN:3790820873
Language:English
File size:4.93 Mb
Publisher: Physica-Verlag Heidelberg
ISBN: 3790820873
Publish Date: edition 2008
File Type: PDF
Pages: 184 pages
File Size: 4,93 mb
   Economics/Finances The Airline Industry: Challenges in the 21st Century

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The Airline Industry: Challenges in the 21st Century

The debate on the future of the aviation sector and the evolution of its traditional business practices is the core of this book. The new millennium began with terrorist attacks, epidemics, globalization, and the rise in oil prices which all combined to push the industry into a “perfect storm”. Airline industry profitability has been an elusive goal for several decades and the recent events has only accentuated existing weaknesses. The main concern of industry observers is whether the airline business model, successful during the 1980s and 1990s, is now sustainable in a market crowded by low-cost carriers. The airlines that will respond rapidly and determinedly to increase pressure to restructure, consolidate and segment the industry will achieve competitive advantages. In this context, the present study aims to model the new conduct of the ‘legacy’ carriers in a new liberalized European market in terms of network and pricing competition with low-cost carriers and competitive reaction to the global economic crises.

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