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| Author: | Golaszewski, R. |
| Title: | Network industries in collision: aviation infrastructure capacity, financing and the exposure to traffic declines |
| Journal: | Journal of Air Transport Management
2003 : JAN, VOL. 9:1, p. 57-65 |
| Index terms: | Airlines Air transport Crisis management |
| Language: | eng |
| Abstract: | The authors present a European view of the global airline crisis in 2001/2002. The underlying cyclical nature of the airline business and flexibilization as a strategy to manage the cycles are described. Crisis management at Lufthansa Airlines following the terrorist attacks of September 11, 2001 is discussed in depth. In Europe, the slump in air traffic demand was soon matched by an industry-wide capacity reduction. Reduced overcapacity helped to stabilize yields and corporate results. Howver, managing the current crisis does not only aim at restoring the price-crisis state, but rather at forming a more healthy environment. |
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