Air Transport Economics: From Theory to Applications

Introduction to Air Transport Economics: From Theory to Applications uniquely merges the institutional and technical aspects of the aviation industry with their theoretical economic underpinnings. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. This fourth edition has been extensively updated throughout. It features new material that addresses the impact of COVID-19 upon the air transport industry, and the efforts made within the industry and by governments to ensure recovery. Also, in addition to an expanded coverage of revenue management and pricing decisions, the fourth edition includes case studies that give real-world examples to reflect actual industry practice as well as a discussion of the more up-to-date computer applications that make the new techniques so effective. This book offers a self-contained theory and applications-oriented text for any individual intent on entering the aviation industry as a practicing professional in the management area. It will be of greatest relevance to undergraduate and graduate students interested in obtaining a more complete understanding of the economics of the aviation industry. The review questions at the end of each chapter have been expanded considerably, and an online assignment added for each chapter. The book will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry.