The Evolution of the Airline Industry

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  • The Evolution of the Airline Industry Book Detail

  • Author : Steven Morrison
  • Release Date : 2010-12-01
  • Publisher : Brookings Institution Press
  • Genre : Business & Economics
  • Pages : 188
  • ISBN 13 : 9780815721208
  • File Size : 5,5 MB

The Evolution of the Airline Industry by Steven Morrison PDF Summary

Book Description: Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gained a new intensity: Is there enough competition among airlines to ensure that passengers do not pay excessive fares? Can an unregulated airline industry be profitable? Is air travel safe? While economic regulation provided a certain stability for both passengers and the industry, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry's earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation. In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry's evolution and how the industry will eventually adapt to the unregulated economic environment. Morrison and Winston maintain that although the airline industry has not rea

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The Evolution of the Airline Industry

The Evolution of the Airline Industry

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Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gain

The Evolution of the Airline Industry

The Evolution of the Airline Industry

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'This book presents a remarkable broad and objective survey of the state of the airline industry. Many analytical techniques not previously applied to airline d

The Evolution of the US Airline Industry

The Evolution of the US Airline Industry

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The Evolution of the US Airline Industry discusses the evolution of the hub-and-spoke network system and the associated price discrimination strategy, as the po

The Evolution of the Airline Industry

The Evolution of the Airline Industry

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This book gives a brief but concise narrative on the evolution of the airline industry from its beginnings to the present day. The focus is on regulations, hist