search query: @indexterm CAPITAL COSTS / total: 211
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| Author: | Button, K. |
| Title: | Does the theory of the "core" explain why airlines fail to cover their long-run costs of capital? |
| Journal: | Journal of Air Transport Management
2003 : JAN, VOL. 9:1, p. 5-14 |
| Index terms: | Airlines Core businesses Capital costs |
| Language: | eng |
| Abstract: | This paper concerns itself with the issue of whether there are intrinsic features of the scheduled network airline industry that makes the current structure of liberalized markets unsustainable. It highlights on a number of features of this market but pays particular attention to the question of whether the market is naturally prone to excesses in competition that, because of its nature, forces airline fares down to the level where full costs cannot be recovered. |
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