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Books > Business & Economics > Economics
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Winning Airlines - Productivity and Cost Competitiveness of the World's Major Airlines (Hardcover, 1998 ed.)
Loot Price: R3,819
Discovery Miles 38 190
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Winning Airlines - Productivity and Cost Competitiveness of the World's Major Airlines (Hardcover, 1998 ed.)
Series: Transportation Research, Economics and Policy
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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.
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