Efficiency and Competitiveness of International Airlines
This book focuses on the factors that support the strengths of international airlines in general and the Asian airline carriers in particular. Defining the quality of human capital as the level of education and the competence of airline employees, it anal
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ficiency and Competitiveness of International Airlines
Efficiency and Competitiveness of International Airlines
Almas Heshmati Jungsuk Kim •
Efficiency and Competitiveness of International Airlines
123
Almas Heshmati Jönköping International Business School Jönköping Sweden
ISBN 978-981-10-1015-6 DOI 10.1007/978-981-10-1017-0
Jungsuk Kim Sogang University Seoul Korea, Republic of (South Korea)
ISBN 978-981-10-1017-0
(eBook)
Library of Congress Control Number: 2016938667 © Springer Science+Business Media Singapore 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Science+Business Media Singapore Pte Ltd.
Preface
This manuscript compares efficiency and competitiveness of world’s major 39 airlines over the 1998–2012 period. We analyzed airlines’ production and cost efficiency using stochastic frontier function methodology and investigated which factors account for differences in level and variations in technical efficiency of airlines. The results suggest that our approach which looked at cost and production efficiency seems to have an advantage over the commonly used approach of estimating efficiency using only one of the two aspects. An estimation of efficiency from both perspectives better captures the factors affecting the efficiency and more accurately reflects the reality of the ongoing process of airline mergers and exits from the market. The mean and the distribution of both production and cost efficiency among airlines differ according to geographical areas of operation, which may be a result of different market structure and de-regulation processes, and of specific competitive conditions such as resource availability and strategic cooperation with competitors. The empirical results from rigorous analysis of the unique and up-to-date data confirmed that the sample airlines displayed a reasonable level of production efficiency during 1998–2012, but they we
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