and scope through shared infrastructure and related cost-saving measures. In the airline industry, the past 15 years have … regimes. This activity suggests that there are indeed gains from increasing airline size. Such gains may be largely financial … in nature. One benefit to a merged airline could be greater market power over particular routes and hubs after merger, as …

an airline's total fuel usage to seven variables: the available ton miles of capacity (passengers plus freight and mail …) provided by the airline; the average seat capacity of its aircraft, average stage length (flight distance); average load factor … (measured by weight); the average vintage (construction year) of its aircraft; the percentage of the airline's flights that are …