Ponencia
Measuring the LCC effect on charter airlines in the Spanish airport system
Autor/es | Castillo Manzano, José I.
Castro Nuño, Mercedes López Valpuesta, Lourdes Pedregal Tercero, Diego José |
Departamento | Universidad de Sevilla. Departamento de Análisis Económico y Economía Política |
Fecha de publicación | 2017 |
Fecha de depósito | 2019-12-05 |
Resumen | Using a robust transfer function model methodology, the present paper seeks to offer empirical evidence regarding the size and type of effects that low-cost carriers (LCCs) have had on traffic for charter carriers (CCs) ... Using a robust transfer function model methodology, the present paper seeks to offer empirical evidence regarding the size and type of effects that low-cost carriers (LCCs) have had on traffic for charter carriers (CCs) in the Spanish airport system by geographic market. We show an unmistakable substitution relationship between CCs and LCCs in the latter’s typical niche markets, national and European flights, while there is no reaction from the CCs in the segment of international flights outside the EU. Furthermore, substitution effects are smaller between CCs and LCCs on the domestic level than effects between LCCs and network carriers (NCs) and slightly larger on the European level. Lastly, CC traffic’s different sensitivity to terrorist attacks, day of the week, air accidents and the economic crisis is also evident. CCs should therefore be considered an independent category that warrants individualized analyses. |
Cita | Castillo Manzano, J.I., Castro Nuño, M., López Valpuesta, L. y Pedregal Tercero, D.J. (2017). Measuring the LCC effect on charter airlines in the Spanish airport system. En Comercio Internacional y Empleo. una perspectiva regional. XLIII Reunión de Estudios Regionales, Sevilla. |
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