Studies in Industrial Organization

The Evolution of the US Airline Industry

Theory, Strategy and Policy

Authors: Ben-Yosef, Eldad

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About this book

For over three decades the airline industry has continued to maintain a high profile in the public mind and in public policy interest. This high profile is probably not surprising. There does seem to be something inherently newsworthy about airplanes and the people and companies that fly them. The industry was one of the first major industries in the United States to undergo deregulation, in 1978. It thereby transitioned from a closely regulated sector (the former Civil Aeronautics Board tightly controlled everyt thing from prices to routes to entry) to one that is largely market oriented. The incumbent carriers transformed themselves from the point-to-point operators that the CAB had required to the hub-and-spokes structures that took better advantage of their network characteristics. Further, they transformed their pricing from the quite simple structures that the CAB had required to the highly differentiated/segmented pricing structures (“yield management”) that reached an apogee in the late 1990s. Some ca arriers, like American, Delta, and United, were better at this transition; others, like Pan American, TWA, and Eastern, were not. What the incumbent carriers did not do, however, was deal with their costly wage and work rules structures, which were an enduring legacy of their regulatory period. This legacy, when combined with the high-fare end of the yield-management pricing structure, has made them vulnerable to entry by new carriers with lower cost structures.

About the authors

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.

Table of contents (5 chapters)

Buy this book

eBook $139.00
price for USA (gross)
  • ISBN 978-0-387-24242-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-0-387-24213-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • ISBN 978-1-4419-3701-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Evolution of the US Airline Industry
Book Subtitle
Theory, Strategy and Policy
Authors
Series Title
Studies in Industrial Organization
Series Volume
25
Copyright
2005
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-0-387-24242-2
DOI
10.1007/b104927
Hardcover ISBN
978-0-387-24213-2
Softcover ISBN
978-1-4419-3701-8
Series ISSN
0924-4646
Edition Number
1
Number of Pages
X, 298
Topics