The Economics of International Airline Transport
Genres: Economics
Book Preface
Globalization has placed a premium on the ability of countries to create opportunities for their domestic companies to compete successfully internationally. Easy access to low-cost transportation plays a vital role in enhancing the international competitiveness of companies. Historically companies overwhelmingly selected maritime shipping to transport cargo overseas, especially the hauling of high-volume, low-price per-unit bulk products such as oil, and grain.1 Rail and trucking services traditionally dominated the transportation of cargo across international land borders. Recent cost efficiency gains and technological advancements in air transportation services present shippers with a viable alternative mode to traditional transportation services. For instance, fuel efficiency improvements of aircrafts, flexible work rules, and the formation of carrier alliances contribute to increasing use of air transportation to haul export goods. In addition,
increasing global demand for high-value, low-volume products such as electronic equipment further contribute to the viability of air transportation services as a low-cost, short-delivery-time alternative. Recent evidence of nontrivial growth reported by the International Air Transport Association (IATA) reveals a 3.9 percent increase in global freight transported by air carriers from October 2012 to October 2013.2 Passenger service is also experiencing growth in air transportation services as
international passenger volume increased by 5.7 from September 2012 to September 2013 (International Air Transport Association [IATA], 2013).3 Furthermore, growth in international air transportation of passengers for this time frame is not limited to traditionally high-demand countries located in North America and Europe. Growth is also occurring in developing countries located in Africa, Asia/Pacific, Latin America, and the Middle East.4 Thus, air transportation service is truly a global phenomenon generating significant demand from all geographic regions. Gaining greater understanding of economic conditions facilitating this growing demand as well as gaining further insight on the external benefits and costs associated with international air transportation growth is critical for countries and companies planning to become or to remain economically competitive in the twenty-first century.
This volume of Advances in Airline Economics contributes to our understanding of the economics of international air transportation by providing in depth analyses of changes in international air transportation’s legal environment, analyses of airline companies market behavior in this new environment, examination of trade growth in response to changing airline market behavior, and examination of the external costs and benefits associated with growth in international air transportation. Analyses are grounded in theories established in transportation economics, and chapter contributors employ innovative empirical techniques to examine how changing policies in international air transportation have influenced the growth and development of the aviation industry as well as the growth of regional and local economies.
Contents
List Of Contributors Vii
Editorial Board Members Xi
Chapter 1 Introduction And Overview
James Peoples 1
Chapter 2 Air Transport Liberalization And Its Effects On Airline Competition And Traffic Growth _ An Overview
Xiaowen Fu And Tae Hoon Oum 11
Chapter 3 Government Regulation Of International Air Transportation
Darren Prokop 45
Chapter 4 Skies Wide Shut _ An Assessment Of International Air Transport Liberalization
Pierre Latrille, Antonia Carzaniga And Marta Soprana 61
Chapter 5 International Mergers And Acquisitions In The Airline Industry
James Nolan, Pamela Ritchie And John Rowcroft 127
Chapter 6 Airfares And Competition On International Routes
John Bitzan, Alice Kones And James Peoples 151
Chapter 7 The Choice Of Airport, Airline, And Departure Date And Time: Estimating The Demand For Flights
Diego Escobari And Cristhian Mellado 177
Chapter 8 Air Cargo Services And The Export Flows Of Developing Countries
Henry L. Vega 199
Chapter 9 An Assessment Of The Causal Relationship Between Air Passenger Traffic And Trade In Asia-Pacific
Elien Van De Vijver, Ben Derudder And Frank Witlox 235
Chapter 10 International And National Political Regulations Of Aviation’s Climate Impact And Cost Impacts On Air Freight
Janina D. Scheelhaase 255
Chapter 11 Planning A Competitive Aerotropolis
John D. Kasarda And Stephen J. Appold 281
Chapter 12 Airport And Airline Substitution Effects In Multi-Airport Markets
Dan Mahoney And Wesley W. Wilson 309
Chapter 13 Buyer Subsidies In Two-Sided Markets: Evidence From Online Travel Agents
Volodymyr Bilotkach And Nicholas G. Rupp 339
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