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The Impact Of Airline Bankruptcies On Airports
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Book Synopsis The Impact of Airline Bankruptcies on Airports by : Jocylen K. Waite
Download or read book The Impact of Airline Bankruptcies on Airports written by Jocylen K. Waite and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRB's Airport Cooperative Research Program (ACRP) Legal Research Digest 6: The Impact of Airline Bankruptcies on Airports examines legal issues presented by the filing of airline bankruptcies that are relevant to airports, and explores how airport lawyers and courts have responded to those issues. The report highlights the basics of bankruptcy theory and law relevant to airport operating agreements with airlines, and identifies issues such as lease recharacterization and payment of stub period rent that particularly affect airports dealing with airlines in bankruptcy.
Book Synopsis Commercial Aviation by : JayEtta Z. Hecker
Download or read book Commercial Aviation written by JayEtta Z. Hecker and published by DIANE Publishing. This book was released on 2006-03 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2001 the U.S. airline industry has lost over $30 billion. Delta, Northwest, United, & US Air. have filed for bankruptcy, the latter two terminating & transferring their pension plans to the Pension Benefit Guaranty Corp. (PBGC). The net claim on PBGC from these terminations was $9.7 billion; plan participants lost $5.3 billion in benefits. Many in the industry have maintained that airlines' use of bankruptcy protection as a means to continue operations is harmful to the industry. This debate has received even sharper focus with pension defaults. This report details: (1) the role of bankruptcy in the airline industry, (2) whether bankruptcies are harming the industry, & (3) the effect of airline pension underfunding on employees, airlines, & the PBGC. Illus.
Book Synopsis Airline Competition by : United States. General Accounting Office
Download or read book Airline Competition written by United States. General Accounting Office and published by . This book was released on 1990 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolution of the Airline Industry by : Steven Morrison
Download or read book The Evolution of the Airline Industry written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gained a new intensity: Is there enough competition among airlines to ensure that passengers do not pay excessive fares? Can an unregulated airline industry be profitable? Is air travel safe? While economic regulation provided a certain stability for both passengers and the industry, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry's earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation. In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry's evolution and how the industry will eventually adapt to the unregulated economic environment. Morrison and Winston maintain that although the airline industry has not rea
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :88 pages Book Rating :4.F/5 ( download)
Book Synopsis Current Situation and Future Outlook of U.S. Commercial Airline Industry by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Download or read book Current Situation and Future Outlook of U.S. Commercial Airline Industry written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation and published by . This book was released on 2006 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Airline Deregulation and Laissez-Faire Mythology by : Paul S. Dempsey
Download or read book Airline Deregulation and Laissez-Faire Mythology written by Paul S. Dempsey and published by Bloomsbury Publishing USA. This book was released on 1992-09-08 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Airline deregulation is a failure, conclude Professors Dempsey and Goetz. They assault the conventional wisdom in this provocative book, finding that the Airline Deregulation Act of 1978, championed by a profound political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents. Only now is the full impact of deregulation being felt. Airline deregulation has resulted in unprecedented industry concentration, miserable service, a deterioration in labor-management relations, a narrower margin of safety, and higher prices for the consumer. This comprehensive book begins by exploring the strategy, tactics, and egos of the major airline robber barons, including Frank Lorenzo and Carl Icahn. In separate chapters, the strengths, weaknesses, and corporate cultures of each of the major airlines are evaluated. Part Two assesses the political, economic, and social justifications for New Deal regulation of aviation, and its deregulation in the late 1970s. Part Three then addresses the major consequences of deregulation in chapters on concentration, pricing, service, and safety, and Part Four advances a legislative agenda for solving the problems that have emerged. Professors Dempsey and Goetz advocate a middle course of responsible government supervision between the dead hand of regulation of the 1930s and the contemporary evil of market Darwinism. The book will be of particular interest to airline and airport industry executives, government officials, and students and scholars in public policy, economics, business, political science, and transportation.
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :910 pages Book Rating :4.F/5 ( download)
Book Synopsis Financial Condition of the Airline Industry by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation
Download or read book Financial Condition of the Airline Industry written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1993 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :700 pages Book Rating :4.3/5 (91 download)
Book Synopsis The Financial Condition of the Airline Industry and the Adequacy of Competition by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation
Download or read book The Financial Condition of the Airline Industry and the Adequacy of Competition written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1991 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Evolution of the US Airline Industry by : Eldad Ben-Yosef
Download or read book The Evolution of the US Airline Industry written by Eldad Ben-Yosef and published by Springer Science & Business Media. This book was released on 2005-07-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Evolution of the US Airline Industry discusses the evolution of the hub-and-spoke network system and the associated price discrimination strategy, as the post-deregulation dominant business model of the major incumbent airlines and its breakdown in the early 2000s. It highlights the role that aircraft – as a production input – and the aircraft manufacturers' strategy have played in shaping this dominant business model in the 1990s. Fierce competition between Airbus and Boeing and plummeting new aircraft prices in the early 2000s have fueled low-cost competition of unprecedented scope, that destroyed the old business model. The impact of the manufacturers' strategy on these trends has been overlooked by industry observers, who have traditionally focused on the demand for air travel and labor costs as the most critical elements in future trends and survivability of major network airlines. The book debates the impact and merit of government regulation of the industry. It examines uncertainty, information problems, and interest group structures that have shaped environmental and safety regulations. These regulations disregard market signals and deviate from standard economic principles of social efficiency and public interest. The Evolution of the US Airline Industry also debates the applicability of traditional antitrust analysis and policies, which conflict with the complex dynamics of real-life airline competition. It questions the regulator's ability to interpret industry conduct in real time, let alone predict or change its course towards a "desirable" direction. The competitive response of the low-cost startup airlines surprised many antitrust proponents, who believed the major incumbent airlines practically blocked significant new entry. This creative market response, in fact, destroyed the major incumbents' power to discriminate pricing – a task the antitrust efforts failed to accomplish.
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :160 pages Book Rating :4.0/5 (1 download)
Book Synopsis The Financial Condition of the Airline Industry by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Download or read book The Financial Condition of the Airline Industry written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation and published by . This book was released on 2002 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Airline Competition by : Kenneth M. Mead
Download or read book Airline Competition written by Kenneth M. Mead and published by . This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Airline Bankruptcies on Airports by : Jocylen K. Waite
Download or read book The Impact of Airline Bankruptcies on Airports written by Jocylen K. Waite and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: TRB's Airport Cooperative Research Program (ACRP) Legal Research Digest 6: The Impact of Airline Bankruptcies on Airports examines legal issues presented by the filing of airline bankruptcies that are relevant to airports, and explores how airport lawyers and courts have responded to those issues. The report highlights the basics of bankruptcy theory and law relevant to airport operating agreements with airlines, and identifies issues such as lease recharacterization and payment of stub period rent that particularly affect airports dealing with airlines in bankruptcy.
Book Synopsis The Airline Industry and the Impact of Deregulation by : George Williams
Download or read book The Airline Industry and the Impact of Deregulation written by George Williams and published by Routledge. This book was released on 2017-03-02 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the fast-changing theatre of air transportation, the strategic development of airlines and the operating economics of scheduled airline services have been transformed, following the profound impact of US deregulation. The lessons gleaned from the US experience, including effective ways of constraining rivals, have quickly been adopted by carriers facing the opening up to competition of their own local markets. In addition, in response to the hunt by the successful US survivors for further international traffic, carriers have been forced to emulate certain tactics adopted by these megacarriers, virtually irrespective of their own government’s regulatory stance. The economics of the sector, particularly with regard to revenue generation, has resulted in increased market concentration. In the longer term, prospects for competition remain unclear, given the likely existence of only a small number of similarly endowed, globally alligned megacarriers. This book explores the impact of deregulation policies on key areas of the airline industry, analyzes the response of incumbent carriers to economic freedom and examines whether or not it is possible to devise a pro-competitive regulatory strategy for this sector. The author provides the reader with a clear explanation as to: ¢ why airline deregulation policies have produced a number of unanticipated outcomes; ¢ why low-cost new entrants have been unable to survive under deregulation; ¢ why the impact of airline deregulation has differed between the USA and Western Europe. Using this analysis as a basis, he explores the future development of the sector, indicating the likely future trends towards globalization. He also argues that a competitive marketplace is not a guaranteed outcome of full deregulation and suggests an alternative approach. The book is of special interest to those members engaged in the airline industry, regulatory authorities and government departments of transport and industry. It wil
Download or read book Global Airlines written by Pat Hanlon and published by Routledge. This book was released on 2006-12-14 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Airlines: Competition in a Transnational Industry presents an overview of the changing scene in air transport covering current issues such as security, no frills airlines, ‘open skies’ agreements, the outcome of the recent downturn in economic activity and the emergence of transnational airlines, and takes a forward looking view of these challenges for the industry. Since the publication of the second edition in 1999 major changes have occurred in the industry. The ‘rules of the game’ in air transport are now beginning to change; and it is time to take the story forward. This third edition contains nine new chapters and tackles the following issues amongst others: * Security: The tragic events of 11 September 2001, followed by the war in Iraq, and the resultant heightened tensions over security and passenger safety. * Financial instability: the cyclical downturn in economic activity has led some airlines to the verge of bankruptcy. Even some large well-established carriers are not immune from this. How can the industry look to survive? * Attaining global reach: implications of transborder mergers, open skies agreements and the transatlantic Common Aviation area. Can full globalisation ever be reached? * Low-cost carriers and e-commerce: as both increase, how much the industry re-structure and deal with issues associated with increased passenger traffic and decreased labour requirements? * Airport capacity: Air traffic is estimated to grow at a long-term average annual rate of 5 per cent per annum. But many airports in many parts of the world are already reaching their capacity limits. How can this be overcome and are the environmental implications? Using up to date data and case studies from major international airlines such as United Airlines, British Airways, and Qantas amongst many others, Global Airlines provides a comprehensive insight into today’s global airline industry.
Book Synopsis Airport business practices and their impact on airline competition FAA/OST Task Force study. by :
Download or read book Airport business practices and their impact on airline competition FAA/OST Task Force study. written by and published by DIANE Publishing. This book was released on 1999 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Aisling J. Reynolds-Feighan Publisher :Springer Science & Business Media ISBN 13 :3642770614 Total Pages :143 pages Book Rating :4.6/5 (427 download)
Book Synopsis The Effects of Deregulation on U.S. Air Networks by : Aisling J. Reynolds-Feighan
Download or read book The Effects of Deregulation on U.S. Air Networks written by Aisling J. Reynolds-Feighan and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. 1 A Brief History of U. S. Commercial Aviation Regulation and Deregulation The U. S. commercial aviation industry was regulated by the government for a period of 40 years, beginning in 1938 with. the passing of the Federal Aviation Act, and ending in October 1978 when President Carter signed into law the Airline Deregulation Act (ADA). There were 16 airlines in existence when the Federal Aviation Act was passed in 1938 (the so-called 'trunk lines'). The Act established the Civil Aeronautics Authority (CAA) as the industry's regulatory body. The Act was passed principally because it was felt that the free market, if allowed to continue unregulated for much longer, would put many of these firms into bankruptcy. It is possible therefore to view the CAA of 1938 (re-organized into the Civil Aeronautics Board (CAB) in 1940) as a response to a potential market failure at the time. In the 1930s, few air traffic markets could have efficiently"supported more than one airline operating in the market [Panzar (1980)]. Competition among the carriers was cut-throat, and it was felt that the near bankruptcy of the airlines in the period was caused principally by the competitive bidding system used by the Post Office in allotting airmail subsidies [Keeler (1972), Caves (1962)].
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation Publisher : ISBN 13 : Total Pages :324 pages Book Rating :4.0/5 ( download)
Book Synopsis Impact of Consolidation on the Aviation Industry, with a Focus on the Proposed Merger Between Delta Air Lines and Northwest Airlines by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Download or read book Impact of Consolidation on the Aviation Industry, with a Focus on the Proposed Merger Between Delta Air Lines and Northwest Airlines written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation and published by . This book was released on 2008 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
