In this paper we construct a short run model of the firm describing the behavior of thirteen U.S. airlines during the difficult transition to deregulation. Several modeling scenarios are developed to assess three common assumptions in cost studies: the use of time as a proxy for technological...

The airline industry is one of the most emotive and controversial sectors of the global economy, and as such its attempts at international consolidation have been subjected to scrutiny from political circles as often as from competition authorities. This brief paper outlines how the industry's...

Understanding the risky nature of the airline industry has received attention in the tourism literature from separate angles. Although the systematic risk of the airline industry has been examined before, idiosyncratic risk has largely been ignored. This study fills this gap in the tourism...

Pumps, pressure drops across fittings, and flight operations (such as turning manoeuvres, take-off, and landing) are some of the many sources of turbulence mixing and shearing in aircraft fuel systems, therefore, making it an inevitable condition. Literature established that shearing conditions...