The Evolution of the US Airline Industry

Fierce competition between Airbus and Boeing and plummeting new aircraft prices in the early 2000s fueled low-cost competition of unprecedented scope that destroyed the old business model. This book discusses the evolution of the hub-and-spoke network system and the associated price discrimination strategy, as the post-deregulation dominant business model of the major incumbent airlines and its breakdown in the early 2000s. The book debates the impact and merit of government regulation of the industry, and examines uncertainty, information problems, and interest group structures that have shaped environmental and safety regulations.

Revaluate airline deregulation given the current condition of the industry and advanced in economic theory of dynamic competition Combines economic theory with hands on business experience and makes the theory relevant to real life Emphasizes the overlooked role of aircraft and aircraft manufacturers in the past and future trends of the industry New insight into the strategic role of safety and noise regulations Includes supplementary material: sn.pub/extras

Autorentext

President and owner of

Aeron Aviation Resources, Inc.

Education:

B.A Economics and Management Bar Ilan University, Israel

M.Sc. Economics and Management School of Agriculture Hebrew University, Israel

Ph.D. International Business and Economics Stern Business School, NYU, USA.

Inhalt
Economic Deregulation.- Deregulation.- Aircraft.- Destructive Competition.- Noise And Safety Regulation.- Social Regulation.- Noise Regulation.- Safety Regulation.- Overview.- Competition.- Yield Management.- What Next?.- On Theory and Policy Implications.