Oum, Tae Hoon; Yu, Chunyan - In: Journal of Air Transport Management 4 (1998) 4, pp. 229-237
This paper analyses airline profitability through an examination of the changes in their productivity growth and the ability to markup prices above costs. A yearly panel data of 22 major airlines over the 1986–1995 period is used. Despite the fact that the European carriers were subjected...