Systematic and Idiosyncratic Risks of the U.S. Airline Industry

Unions and Wages in the Us Airline Industry

Labor unions play a critical role in the US airline industry. About half of all workers in the air transportation industry are unionized, 49.3% of workers being union members and 51.6% being covered by collective bargaining agreements in 2006. Apart from Delta, all major US carriers are highly unionized, while national and regional carriers include a mix of union and nonunion workplaces. In con...

Internet Penetration and Capacity Utilization in the US Airline Industry∗

Despite vigorous competition, airlines regularly fly their airplanes below full capacity. One reason for this is that airline fares are set before airlines observe demand. Moreover, even when airlines have accurate forecasts of demand, their ability to use prices and revenue management to smooth demand is constrained by the amount of information consumers have about prices and schedules, or mor...

Or in Airline Industry or in Airline

Next to fuel costs, crew costs are the largest direct operating cost of airlines. Therefore much research has been devoted to the planning and scheduling of crews over the last thirty years. The planning and scheduling of crews is usually considered as two problems: the crew pairing problem and the crew assignment (rostering) problem. These problems are solved sequentially. In this paper we foc...

What’s On The Table: Revenue Management And The Welfare Gap In The US Airline Industry

The past decade has been a difficult one for the US airline industry. On the one hand, airline profits have been highly variable with net losses over the last ten years standing in the tens of billions of dollars. On the other hand, consumers continue to complain of predatory pricing and other such tactics. Our goal here will simply be to get an estimate of what is possible moving forward. We a...

Or in Airline Industry