This paper studies airline profitability change computed through a Bayesian estimation of a cost function. The stochastic frontier is applied to a dataset including the largest worldwide airlines in the period 1983–2010. We show that productivity change is mainly driven by technical change becoming continuously positive from early 1990s. Furthermore, in the last decade profitability change is mainly driven by input price change which exhibits a similar pattern to output price change. In presence of productivity growth, the output price increase is lower than the input price increase suggesting that part of productivity gains are transferred from airlines to consumers.

(2017). Profitability change in the global airline industry [journal article - articolo]. In TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW. Retrieved from http://hdl.handle.net/10446/83428

Profitability change in the global airline industry

Scotti, Davide;
2017-01-01

Abstract

This paper studies airline profitability change computed through a Bayesian estimation of a cost function. The stochastic frontier is applied to a dataset including the largest worldwide airlines in the period 1983–2010. We show that productivity change is mainly driven by technical change becoming continuously positive from early 1990s. Furthermore, in the last decade profitability change is mainly driven by input price change which exhibits a similar pattern to output price change. In presence of productivity growth, the output price increase is lower than the input price increase suggesting that part of productivity gains are transferred from airlines to consumers.
articolo
2017
Scotti, Davide; Volta, Nicola
(2017). Profitability change in the global airline industry [journal article - articolo]. In TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW. Retrieved from http://hdl.handle.net/10446/83428
File allegato/i alla scheda:
File Dimensione del file Formato  
Profitability Change in the Global Airline Industry-1.pdf

Open Access dal 02/04/2020

Descrizione: link to the formal publication via its DOI: 10.1016/j.tre.2017.03.009
Versione: postprint - versione referata/accettata senza referaggio
Licenza: Creative commons
Dimensione del file 1.01 MB
Formato Adobe PDF
1.01 MB Adobe PDF Visualizza/Apri
Scotti_2017_Profitabilitychange.pdf

Solo gestori di archivio

Versione: publisher's version - versione editoriale
Licenza: Licenza default Aisberg
Dimensione del file 1.45 MB
Formato Adobe PDF
1.45 MB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Aisberg ©2008 Servizi bibliotecari, Università degli studi di Bergamo | Terms of use/Condizioni di utilizzo

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/83428
Citazioni
  • Scopus 25
  • ???jsp.display-item.citation.isi??? 23
social impact