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The debate on the future of the aviation sector and the evolution of its traditional business practices is the core of this book. The new millennium began with terrorist attacks, epidemics, globalization, and the rise in oil prices which all combined to push the industry into a "perfect storm". Airline industry profitability has been an elusive goal for several decades and the recent events has only accentuated existing weaknesses. The main concern of industry observers is whether the airline business model, successful during the 1980s and 1990s, is now sustainable in a market crowded by low-cost carriers. The airlines that will respond rapidly and determinedly to increase pressure to restructure, consolidate and segment the industry will achieve competitive advantages. In this context, the present study aims to model the new conduct of the 'legacy' carriers in a new liberalized European market in terms of network and pricing competition with low-cost carriers and competitive reaction to the global economic crises.

Airlines. --- Competition. --- Predatory pricing. --- Transportation Economics --- Economic Theory --- Business & Economics --- Airlines --- Cost of operation. --- Economic aspects. --- Deregulation. --- Air carriers --- Air lines --- Air transportation industry --- Airline industry --- Aviation industry --- Scheduled airlines --- Competition --- Competition (Economics) --- Competitiveness (Economics) --- Economic competition --- Economic aspects --- Economics. --- Management science. --- Industrial organization. --- Economic policy. --- Economics, general. --- Industrial Organization. --- Economic Policy. --- Commerce --- Conglomerate corporations --- Covenants not to compete --- Industrial concentration --- Monopolies --- Open price system --- Supply and demand --- Trusts, Industrial --- Pricing --- Aeronautics, Commercial --- Airways --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Industries --- Organization --- Industrial management --- Industrial sociology --- Economic theory --- Political economy --- Social sciences --- Economic man --- Quantitative business analysis --- Management --- Problem solving --- Operations research --- Statistical decision

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Economic policy and planning (general) --- Economics --- Business policy --- economie --- economische politiek --- industrie --- anno 2000-2099