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The debate on the future of the aviation sector and the viability of its traditional business practices is the core of this book. The liberalization of the EU market in the 1990s has radically modi?ed the competitive environment and the nature of airline competition. Furthermore, the new millennium began with terrorist attacks, epidemics, trade globalization, and the rise of oil prices, all of which combined to push the industry into a “perfect storm”. Airline industry pro?tability has been an elusive goal for several decades and the recent events has only accentuated existing weaknesses. The main concern of ind- try 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, conso- date 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 l- cost carriers and competitive reaction to the global economic crises.

Boekdetails

Serie
Contributions to Economics
Ondertitel
Contributions to Economics
Formaat
Paperback / softback
Uitgever
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint
Physica-Verlag GmbH & Co
Auteur
Alessandro Cento, Physica-Verlag GmbH & Co, Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN-13
9783790825718
Verschijningsdatum
2010-10-19
Editie
Softcover reprint of hardcover 1st ed. 2009
Afmetingen
155 mm × 235 mm
Land van herkomst
NL

Paperback / softback

The Airline Industry: Challenges in the 21st Century

door Alessandro Cento

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