{"title":"Volodymyr Bilotkach","description":null,"products":[{"product_id":"economics-of-airlines-book-volodymyr-bilotkach-9781788213820","title":"The Economics of Airlines","description":"The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across the world prompting many national carriers to seek government bailouts, while smaller airlines collapsed.  In this updated and expanded new edition Volodymyr Bilotkach explains the economic realities of the airline industry and the challenges that the sector now faces after the seismic impact of the Covid-19 pandemic. The impact of such a large-scale external shock on the industry is considered across each of its sectors and for each of its primary economic determinants. The book also includes new material on changes to cost structures, the pricing of add-on services, cargo, airport slot allocation and the impact of climate change.  The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49739990827281,"sku":"NGR9781788213820","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":51694444904721,"sku":"CIN1788213823VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52653848559889,"sku":"NLS9781788213820","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1788213823.jpg?v=1778146919"},{"product_id":"economics-of-airlines-book-volodymyr-bilotkach-9781911116141","title":"The Economics of Airlines","description":"Revenues of the global airline industry have doubled over the past ten years and it is forecast that by 2026 the aviation industry will contribute $1 trillion to world GDP. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and most airlines struggle to break even. This book explores the economic realities of the airline industry, how airlines compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the airline industry we see today.   Part 1 of the book introduces the reader to the aviation sector of the economy in general and the airline industry in particular, showing how the theory of consumer choice and the theory of the firm apply to airline markets. The discussion ranges over the determinants, elasticity and uncertainty of demand, the airline cost structure (a third of an airline’s operating costs is spent on fuel) and how the industry’s yield management system determines pricing. Part 2 examines market concentration, the intensity of competition between airlines, and their competitive strategies in the world’s two largest deregulated markets, the US and the EU. The emergence of low-cost carriers, the future of the three global alliances and the consolidation of network carriers through merger and acquisition all come under examination. Part 3 evaluates the external effects of aviation, both negative (air and noise pollution, congestion and delays) and positive (economies of agglomeration and productivity improvement in various sectors of the economy). The final part of the book explores the economics of markets most directly related to the commercial passenger airline industry, including airports, air traffic control and aircraft manufacturing and jet engines.   The book provides an unrivalled analysis of how the airline industry makes and loses money and reveals the economic strategies behind those often baffling pricing decisions we encounter each time we book a flight. The book draws on the latest academic research and uses airline-specific case-studies as well as aggregated data sets to give an up-to-date economic analysis of one of the world’s most important business sectors.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50331487338769,"sku":"CIN1911116142G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":51317347877137,"sku":"GOR012028266","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ GOOD \/ INTERNAL","offer_id":53200882565393,"sku":"GOR014804138","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1911116142.jpg?v=1751421306"},{"product_id":"economics-of-airlines-book-volodymyr-bilotkach-9781788218313","title":"The Economics of Airlines","description":"The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across the world prompting many national carriers to seek government bailouts, while smaller airlines collapsed.   The third edition of this standard introduction to the economics of the airline industry has been fully updated and expanded to include new material on decarbonising aviation, aircraft leasing, the application of AI technology, changes to the international regulatory architecture, blocked mergers and the challenges facing Boeing, the cargo market, the growth of ancillary revenues, as well as further analysis of the impact of the pandemic on passenger numbers and the concept of delayed demand.   The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51606665036049,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":51606665265425,"sku":"NGR9781788218313","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52648409366801,"sku":"NLS9781788218313","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1788218310.jpg?v=1751184914"},{"product_id":"economics-of-airlines-book-volodymyr-bilotkach-9781788218320","title":"The Economics of Airlines","description":"The airline industry is fundamental to the workings of the global economy. 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The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":52323584639249,"sku":"NGR9781788213813","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52653850853649,"sku":"NLS9781788213813","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781788213813.jpg?v=1757977703"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-volodymyr-bilotkach.oembed","provider":"World of Books ","version":"1.0","type":"link"}