Profitability change in the global airline industry

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dc.contributor.authorScotti, Davide
dc.contributor.authorVolta, Nicola
dc.date.accessioned2017-04-06T13:22:18Z
dc.date.available2017-04-06T13:22:18Z
dc.date.issued2017-03-31
dc.description.abstractThis paper studies airline profitability change computed through a Bayesian estimation of a cost function. The stochastic frontier is applied to a dataset including the largest worldwide airlines in the period 1983–2010. We show that productivity change is mainly driven by technical change becoming continuously positive from early 1990s. Furthermore, in the last decade profitability change is mainly driven by input price change which exhibits a similar pattern to output price change. In presence of productivity growth, the output price increase is lower than the input price increase suggesting that part of productivity gains are transferred from airlines to consumersen_UK
dc.identifier.citationDavide Scotti, Nicola Volta, Profitability change in the global airline industry, Transportation Research Part E: Logistics and Transportation Review, Volume 102, June 2017, Pages 1-12en_UK
dc.identifier.issn1366-5545
dc.identifier.urihttps://doi.org/10.1016/j.tre.2017.03.009
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/11744
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectAirlineen_UK
dc.subjectProfitabilityen_UK
dc.subjectCost functionen_UK
dc.subjectDecompositionen_UK
dc.subjectEfficiencyen_UK
dc.titleProfitability change in the global airline industryen_UK
dc.typeArticleen_UK

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