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https://doi.org/10.21256/zhaw-28530| Publication type: | Conference paper |
| Type of review: | Peer review (publication) |
| Title: | The comparison of financial performance of airlines with different business model operated in long-haul market |
| Authors: | Renold, Manuel Kuljanin, Jovana Kalić, Milica |
| et. al: | No |
| DOI: | 10.1016/j.trpro.2019.12.032 10.21256/zhaw-28530 |
| Published in: | Transportation Research Procedia |
| Proceedings: | INAIR 2019 : Global Trends in Aviation |
| Editors of the parent work: | Kazda, Antonin Smojver, Ivica |
| Volume(Issue): | 43 |
| Page(s): | 178 |
| Pages to: | 187 |
| Conference details: | 8th International Conference on Air Transport (INAIR), Budapest, Hungary, 12-13 November 2019 |
| Issue Date: | 2019 |
| Series: | Transportation Research Procedia |
| Publisher / Ed. Institution: | Elsevier |
| ISBN: | 9781713806813 |
| ISSN: | 2352-1465 |
| Language: | English |
| Subjects: | Airline financial performance; Long-haul market |
| Subject (DDC): | 332: Financial economics 380: Transportation |
| Abstract: | The competition between low-cost carriers (LCC) and full-service network carriers (FSNC) has been focused exclusively on short to medium-haul markets for a long time. The launch of new aircraft generation combined with further liberalization of intercontinental air transport market presents the backbone of the recent extension of LCCs’ service into long-haul sector. Thus, the emergence of this new concept triggered the changes in the landscape of competition, since it tremendously affects the operations of incumbents, mainly FSNCs. The aim of the paper is to examine the overall profit performance of airlines with different business models (LCC vs. FSNCs) that compete in some portion of long-haul market in terms of different competitive parameters. The paper proposes the method that incorporates the major factors affecting airline profit. The method enables the construction of high level causal multidimensional plane that illustrates the behavior of profits in terms of different indicators (such as fuel costs, other operating costs excluding fuel, average stage lengths, average load factor, etc.). The conversion of these tridimensional graphs into two-dimensional one enables the researchers to easily compare the airlines’ profits under different selection of dependent variables. The results obtained in this way may have practical benefits to academics, but moreover to airline management and operations that can easily detect the major competitive advantages/disadvantages in contrast to its rival(s). |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/28530 |
| Fulltext version: | Published version |
| License (according to publishing contract): | CC BY-NC-ND 4.0: Attribution - Non commercial - No derivatives 4.0 International |
| Departement: | School of Engineering |
| Organisational Unit: | Institute of Data Analysis and Process Design (IDP) |
| Appears in collections: | Publikationen School of Engineering |
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|---|---|---|---|---|
| 2019_Renold-etal_The-comparison-of-financial-performance-of-airlines-with-different-business-model.pdf | 1.34 MB | Adobe PDF |  View/Open |
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Renold, M., Kuljanin, J., & Kalić, M. (2019). The comparison of financial performance of airlines with different business model operated in long-haul market [Conference paper]. In A. Kazda & I. Smojver (Eds.), Transportation Research Procedia (Vol. 43, pp. 178–187). Elsevier. https://doi.org/10.1016/j.trpro.2019.12.032
Renold, M., Kuljanin, J. and Kalić, M. (2019) ‘The comparison of financial performance of airlines with different business model operated in long-haul market’, in A. Kazda and I. Smojver (eds) Transportation Research Procedia. Elsevier, pp. 178–187. Available at: https://doi.org/10.1016/j.trpro.2019.12.032.
M. Renold, J. Kuljanin, and M. Kalić, “The comparison of financial performance of airlines with different business model operated in long-haul market,” in Transportation Research Procedia, 2019, vol. 43, pp. 178–187. doi: 10.1016/j.trpro.2019.12.032.
RENOLD, Manuel, Jovana KULJANIN und Milica KALIĆ, 2019. The comparison of financial performance of airlines with different business model operated in long-haul market. In: Antonin KAZDA und Ivica SMOJVER (Hrsg.), Transportation Research Procedia. Conference paper. Elsevier. 2019. S. 178–187. ISBN 9781713806813
Renold, Manuel, Jovana Kuljanin, and Milica Kalić. 2019. “The Comparison of Financial Performance of Airlines with Different Business Model Operated in Long-Haul Market.” Conference paper. In Transportation Research Procedia, edited by Antonin Kazda and Ivica Smojver, 43:178–87. Elsevier. https://doi.org/10.1016/j.trpro.2019.12.032.
Renold, Manuel, et al. “The Comparison of Financial Performance of Airlines with Different Business Model Operated in Long-Haul Market.” Transportation Research Procedia, edited by Antonin Kazda and Ivica Smojver, vol. 43, Elsevier, 2019, pp. 178–87, https://doi.org/10.1016/j.trpro.2019.12.032.
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