The fabric of the airline industry has continued to undergo
remarkable changes since the 5th edition of this classic text was
published in 1995. The industry has witnessed a series of mergers
and a trend toward consolidation into fewer but larger airlines.
Route patterns have been reconstructed around hub cities. In
contrast to the early 1990s, which saw unprecedented operating
deficits, the late 1990s have seen a swing to highly profitable
operations, characterized by the forming of alliances among U.S.
and foreign airlines. Revised substantially to cover these changes,
this book is an excellent introduction to the economics of U.S.
airline services, both domestic and international.
A college level text suitable for students without a background
in economics, this book is intended for such one-semester courses
as Aviation Administration, Air Transportation, and Economics of
Air Transportation. Enhancing the book's value, the volume includes
self-testing questions for each chapter and an appendix covering
the portions of the basic transportation statute--the former
Federal Aviation Act--that are pertinent to the text. Focusing
exclusively on airlines--and excluding private, military, and other
types of flying--this book is the only college text dealing
exclusively with the economics of U.S. airlines.
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