On the impact of jet fuel cost on airlines’ capacity choice: Evidence from the U.S. domestic markets
| Autor: | David F. Pyke, Soheil Sibdari, Iman Mohammadian |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
050210 logistics & transportation
05 social sciences technology industry and agriculture Transportation 010501 environmental sciences Jet fuel 01 natural sciences Load factor Domestic market Fuel cost parasitic diseases 0502 economics and business Econometrics Unemployment rate Business Business and International Management human activities 0105 earth and related environmental sciences Civil and Structural Engineering |
| Zdroj: | Transportation Research Part E: Logistics and Transportation Review. 111:1-17 |
| ISSN: | 1366-5545 |
| DOI: | 10.1016/j.tre.2017.12.009 |
| Popis: | Using publicly available datasets, we analyze three capacity decisions (flight frequency, aircraft size, and load factor) of seven major airlines and address their relationship with the level and fluctuations of three exogenous factors (fuel cost, total passenger demand, and unemployment rate). Our results show that increased passenger demand is associated with smaller aircraft and more frequent flights, while higher fuel costs are associated with larger aircraft and less frequent flights. Overall, our results indicate that airlines adjust both flight frequency and aircraft sizes to manage capacity and maintain load factors in response to fluctuations in passenger demand and fuel cost. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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