The Airline Industry

Challenges in the 21st Century

  • Alessandro┬áCento

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. The Airline Industry in Perspective

  3. Coping with Crises in the Airline Industry

  4. The Rise of Low-Cost Carriers

  5. Conclusions

    1. Pages 131-141
  6. Back Matter
    Pages 143-184

About this book


The debate on the future of the aviation sector and the evolution of its traditional business practices is the core of this book. The new millennium began with terrorist attacks, epidemics, globalization, and the rise in oil prices which all combined to push the industry into a "perfect storm". Airline industry profitability has been an elusive goal for several decades and the recent events has only accentuated existing weaknesses. The main concern of industry observers is whether the airline business model, successful during the 1980s and 1990s, is now sustainable in a market crowded by low-cost carriers. The airlines that will respond rapidly and determinedly to increase pressure to restructure, consolidate and segment the industry will achieve competitive advantages. In this context, the present study aims to model the new conduct of the 'legacy' carriers in a new liberalized European market in terms of network and pricing competition with low-cost carriers and competitive reaction to the global economic crises.


Airline Business Models Airline Network Economics Low-cost Carriers Revenue Management game theory

Authors and affiliations

  • Alessandro┬áCento
    • 1
  1. 1.KLM Royal Dutch AirlinesSegrateItaly

Bibliographic information

  • DOI
  • Copyright Information Physica-Verlag HD 2009
  • Publisher Name Physica-Verlag HD
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-2087-4
  • Online ISBN 978-3-7908-2088-1
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking