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| Author: | Chin, A. T. H. Tay, J. H. |
| Title: | Developments in air transport: implications on investment decisions, profitability and survival of Asian airlines |
| Journal: | Journal of Air Transport Management
2001 : SEP, VOL. 7:5, p. 319-330 |
| Index terms: | Airlines Air transport Profitability Industrial capacity Markov chains |
| Language: | eng |
| Abstract: | The study of the cycles of aircraft orders and deliveries reveal that Asian carriers usually place orders for new aircraft a year after making good profits and these aircraft are delivered after 2-3 years. Economic cycles are amplified in the industry by capacity investments. The Markov Model was adapted to test the relationship between airline growth and profitability and to predict the survival probabilities of Asian carriers. |
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