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Author: Tae Hoon Oum Publisher: Springer Science & Business Media ISBN: 1461554810 Category : Business & Economics Languages : en Pages : 231
Book Description
Major institutional, regulatory, and structural changes have occurred in international air transport during the past two decades. Many countries have deregulated their domestic airline industries and open skies continental blocs have formed in Europe and North America A movement is now underway to create a liberalized continental bloc in Australasia. International air transport has been substantially liberalized due to the diminishing role of lATA as an industry cartel, and via a series of liberalized bilateral agreements signed between many countries, including the u.s. and UK Increased liberalization and continentalization have induced major airlines to create global service networks through inter-carrier alliances. And all these changes are intensifYing competition between major carriers in both domestic and international markets. The increased competition and economic recession in the early 1990s led many airlines to massive fmancial losses, forcing them to undertake major restructuring to improve efficiency and reduce costs. Although it is important for an airline to map out proper strategies in the globalizing airline industry, the ultimate ability of a carrier to swvive and prosper in increasingly competitive markets greatly depends on its productivity and cost competitiveness.
Author: Tae Hoon Oum Publisher: Springer Science & Business Media ISBN: 1461554810 Category : Business & Economics Languages : en Pages : 231
Book Description
Major institutional, regulatory, and structural changes have occurred in international air transport during the past two decades. Many countries have deregulated their domestic airline industries and open skies continental blocs have formed in Europe and North America A movement is now underway to create a liberalized continental bloc in Australasia. International air transport has been substantially liberalized due to the diminishing role of lATA as an industry cartel, and via a series of liberalized bilateral agreements signed between many countries, including the u.s. and UK Increased liberalization and continentalization have induced major airlines to create global service networks through inter-carrier alliances. And all these changes are intensifYing competition between major carriers in both domestic and international markets. The increased competition and economic recession in the early 1990s led many airlines to massive fmancial losses, forcing them to undertake major restructuring to improve efficiency and reduce costs. Although it is important for an airline to map out proper strategies in the globalizing airline industry, the ultimate ability of a carrier to swvive and prosper in increasingly competitive markets greatly depends on its productivity and cost competitiveness.
Author: Mark Graham Brown Publisher: CRC Press ISBN: 9781563272233 Category : Business & Economics Languages : en Pages : 340
Book Description
Highlighted with valuable tips and Brown's firsthand experiences, Winning Score is an excellent tool for constructing a performance measurement system. It explains how to lay the foundation for the balanced scorecard by developing operational and strategic plans. Winning Score explains how to: Identify strengths, weaknesses, opportunities, and threats. Design data collection strategies. Link the scorecard to other systems in an organization. Develop a performance index. Avoid the top 10 measurement mistakes. In addition, case studies of actual scorecard implementation in different sectors, such as manufacturing, service, support, and government are included. Click here for the introductory chapter A 296 minute abridged version of this book is also available on 4 compact discs or 4 audio cassettes from Productivity Press.
Author: Eldad Ben-Yosef Publisher: Springer Science & Business Media ISBN: 0387242422 Category : Business & Economics Languages : en Pages : 295
Book Description
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.
Author: Greg Brenneman Publisher: Rosetta Books ISBN: 0795346530 Category : Business & Economics Languages : en Pages : 312
Book Description
An expert in business turnaround shares his inspiring approach to problem-solving: “A fascinating read” (Mitt Romney). Visionary leader Greg Brenneman believes that true business success and personal fulfillment are two sides of the same coin. The techniques that will grow your business will also help you achieve a rich, purposeful, and integrated life. Here, Brenneman takes what he’s learned from turning around or tuning up many businesses—including Continental Airlines and Burger King—and distills it into a simple, clear, five-step roadmap that anyone can follow. He teaches you how to: *prepare a succinct Go Forward plan *build a fortress balance sheet *grow your sales and profits *choose all-star servant leaders *empower your team For more than thirty years, Brenneman has seen these steps foster dramatic results in a variety of business environments. But he also came to realize that he could apply these same principles to improve his life and build a lasting moral legacy. He found he could make better decisions by carefully taking the most important facets of his life—faith, family, friendship, fitness, and finance—into consideration. Brenneman’s inspiring examples, from both his business and his life, demonstrate the astounding effects these steps can have when you apply them—right away and all at once.
Author: John D. Bitzan Publisher: Emerald Group Publishing ISBN: 1785609394 Category : Transportation Languages : en Pages : 388
Book Description
An efficient air transport system is critical to countries attaining and sustaining healthy economies in an increasingly interconnected world economy. This volume 5 of Advances in Airline Economics includes literature surveys and original empirical research examining airline efficiency in the twenty first century.
Author: Bijan Vasigh Publisher: Routledge ISBN: 1351158023 Category : Business & Economics Languages : en Pages : 438
Book Description
Foundations of Airline Finance: Methodology and Practice is a textbook that comprehensively covers, at a basic level, all aspects of the subject, bringing together many of the numerous and informative articles and institutional developments that have characterized the field of airline finance in the previous two decades. In the early chapters, the reader is introduced to the elementary theoretical foundations that underpin the role of finance in the airline industry. Critical topics, such as the time value of money, the notion of risk and return, and the complex nature of costs (fixed, semi-fixed, variable, and marginal) are discussed and illustrated with concrete examples. This is followed by an in-depth presentation of the role of accounting in airlines. Ratio analysis is used to further analyze airline financial statements. Airline industry specific metrics, such as cost per available seat mile (CASM) and revenue per revenue passenger mile (RRPM), are covered. The role of capital and asset management is then explained in the following chapters. The final chapters of the text present some important practical applications of the theoretical ideas presented earlier; these applications include hedging, the buy versus lease decision for aircraft and the question of the valuation of assets (mainly aircraft). Moreover, specific methods for actually calculating internal valuation are presented and evaluated. Foundations of Airline Finance: Methodology and Practice will be of greatest value to students who are contemplating entering financial management in the air transportation industry; however, the text will also serve as an accessible and comprehensive reference for industry professionals.
Author: Alan Kinene Publisher: Linköping University Electronic Press ISBN: 917929703X Category : Languages : en Pages : 29
Book Description
Small communities or remote regions are usually ignored by airlines because they have insufficient passenger demand and the air services to and from these regions are unprofitable. Free market conditions would lead to the lack of air connectivity to and from remote regions, hence transportation authorities intervene by procuring air services to guarantee improved accessibility for these regions. The procurement of air services is done through subsidy schemes where the transportation authorities pay subsidies to airlines that provide these air services along the routes to and from remote regions. These routes are commonly referred to as subsidised routes. The procurement of subsidised air services (subsidised routes) involves two major tasks—the selection of routes to subsidise and the selection of airlines to serve these routes. These are the focus of this thesis. The overall aim of this thesis is to design decision support models that can be used by transportation authorities to select the routes to subsidise and to select airlines to serve these routes. First, we develop an optimisation model that selects the routes to be subsidised, by maximising the number of people that can reach a given destination under different accessibility criteria subject to a budget. The model is capable of handling multiple accessibility criteria. As input to this model, we develop a novel method for estimating the subsidies required for non-existing subsidised routes. Second, we develop an auction framework to provide decision support to transportation authorities when designing auctions for the procurement of subsidised air services. The auction framework has three steps: auction definition by the transportation authority, bid preparation by the bidding airlines, and winner determination by the transportation authority. We develop two optimisation models as part of the auction framework, a winner-determination model for selecting the bids with the minimum subsidies, and a bid preparation model that replicates the airline’s behaviour when preparing bids for subsidised routes. The bid preparation model has an objective of minimising subsidies subject to a minimum profit threshold. We additionally propose models to estimate the appropriate demand and the route-operation cost for subsidised routes, which are needed as input to the bid preparation model. We demonstrate the usefulness of the two decision support models using the Public Service Obligation (PSO) network of subsidised routes in Sweden. The results suggest that the optimisation model can be used to select a new network of subsidised routes with improved accessibility to given destinations (e.g., the capital and an international airport) at a lower subsidy cost than the current network of subsidised routes. Having a requirement on the maximum airfare but not the minimum number of flights provides a good trade-off between the current restrictive setup with requirements on both the minimum number of flights and the maximum airfare, and a setup of the tendering process with no restrictions.
Author: John F. O'Connell Publisher: Routledge ISBN: 1351959891 Category : Business & Economics Languages : en Pages : 341
Book Description
Airlines are buffeted by fluctuating political and economic landscapes, ever-changing competition, technology developments, globalization, increasing deregulation and evolving customer requirements. As a consequence all sectors of the air transport industry are in a constant state of flux. The principle aim of this book is to review current trends in the airline industry and its related suppliers, thereby providing an insight into the forces that are changing its dynamics. The factors that are reshaping the structure of the industry are examined with a view to identifying the key issues whose impact will be critical in the future. The book features two very distinct sections. The first contains short contributions from industry executives at CEO/VP level from airlines, aircraft/engine manufacturers, safety and navigational provider organisations, who have set out their take of where the airline industry is heading. This commercial input sets the scene for the book and provides the bridge to the second section, which is composed of 18 chapters written by distinguished academic authors. Each chapter presents a valuable insight into a specific area of the air transport industry, including: airlines, airports, cargo, deregulation, the environment, navigation, strategy, information technology, security and tourism. The shared objective of the authors is to describe and explain the core competencies that are determining the current shape of the industry and to examine the forces that will change its direction going forward. The book is written in a management style and will appeal to all levels of personnel who work for airlines across the world. It is also written for airport authorities, aerospace manufacturers, regulatory and government transportation agencies, researchers and students of aviation management, transport studies, tourism and the wider air transport industry.
Author: Tae Hoon Oum
Author: Tae Hoon Oum
Author: Mark Graham Brown
Author: Eldad Ben-Yosef
Author: Greg Brenneman
Author: John D. Bitzan
Author: United States. General Accounting Office
Author: Bijan Vasigh
Author: 
Author: Alan Kinene
Author: John F. O'Connell