This paper reviews the literature and then investigates the perception of European airline managers (from 58 airlines) with regard to entry barriers to aviation markets. We aim to identify the perceived effectiveness of entry barriers and how the perception differs across management levels,...

This paper reviews literature and management perspectives on airline mergers and acquisitions. We find that M&A/consolidation is seen as a “game-changer” and mandatory to survive in aviation markets. We, therefore, apply DEA models to 66 airlines to evaluate whether big is indeed always...