Principles of Air Transport Economics

Course Benefits
The footprint of deregulation, privatization and globalization is apparent in the contemporary civil aviation environment. Over the past few years, the intensification of competition has led to lower fares and/or to better service quality. The most popular routes benefited largely from this trend, as the traditional carriers had to fight the newly established low-fare airlines. The latter have also developed a new relationship with airports flying to previously non-served areas empowering the regions and rewriting the terms of accessibility.
This course examines and analyses the main and auxiliary principles of aviation economics in an integrated way and stresses their importance as a factor of airline success. Theory is complemented with examples and case studies to assist the participants in understanding and applying constructively aviation economics techniques in their workplace.

Who shoud attend
Middle and junior managers in charge of designing and implementing airline cost, pricing and revenue management strategies.
All those seeking innovative ways to survive in the turbulent aviation environment and set the proper foundations for future success.

Content
The Economic and Corporate Environment in the Air Transport Industry
Principles of Airline Economics
Principles of Airport Economics.
Introduction to Air Transport Agreements.
The Economics of Air Navigation Service Providers (ANSPs).
Civil Aviation Regulation and Deregulation.
Fleet Planning and Aircraft Development.
Schedules Planning.
Airline Alliances - Principles and Implications.
Traffic Forecasting.
The Airline - Airport Relationship.
Cargo Economics - Principles and Strategic Outlook.
Economics of the Travel Distribution System