Wolter, Alexander und Ehlers, Thorsten und Luetjens, Klaus und Gollnick, Volker (2021) Commodity price pass-through in the US airline industry and the hidden perks of consolidation. Journal of Air Transport Management, 95. Elsevier. doi: 10.1016/j.jairtraman.2021.102100. ISSN 0969-6997.
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Offizielle URL: https://www.sciencedirect.com/science/article/pii/S0969699721000831
Kurzfassung
How do changing jet fuel prices impact airline revenues? As expenses for jet fuel are one of the most relevant cost factors for airlines, their economic success largely depends on the ability to match changes on the cost side with an adaption on the revenue side. While previous studies primarily focused on the impact of fuel price changes to consumer prices, this paper empirically examines the ability of US airlines to pass-through lagged jet fuel prices to scaled operating revenues from an airline driven perspective. Our results suggest that the extent to which an exogenous increase in fuel prices can be passed on to revenues will deviate according to the competitive situation faced by an airline. Based on these findings our research should also be of interest for European policy makers who are discussing actions to exogenously increase jet fuel prices due to environmental reasons.
elib-URL des Eintrags: | https://elib.dlr.de/142973/ | ||||||||||||||||||||
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Dokumentart: | Zeitschriftenbeitrag | ||||||||||||||||||||
Zusätzliche Informationen: | Also available at https://authors.elsevier.com/a/1dHNW3SU-FQBT- | ||||||||||||||||||||
Titel: | Commodity price pass-through in the US airline industry and the hidden perks of consolidation | ||||||||||||||||||||
Autoren: |
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Datum: | August 2021 | ||||||||||||||||||||
Erschienen in: | Journal of Air Transport Management | ||||||||||||||||||||
Referierte Publikation: | Ja | ||||||||||||||||||||
Open Access: | Nein | ||||||||||||||||||||
Gold Open Access: | Nein | ||||||||||||||||||||
In SCOPUS: | Ja | ||||||||||||||||||||
In ISI Web of Science: | Ja | ||||||||||||||||||||
Band: | 95 | ||||||||||||||||||||
DOI: | 10.1016/j.jairtraman.2021.102100 | ||||||||||||||||||||
Verlag: | Elsevier | ||||||||||||||||||||
ISSN: | 0969-6997 | ||||||||||||||||||||
Status: | veröffentlicht | ||||||||||||||||||||
Stichwörter: | Fuel price pass-through, Jet fuel tax, Airline market consolidation, Airline market segmentation, Pass-through under competitive pressure, Asymmetric fuel price pass-through | ||||||||||||||||||||
HGF - Forschungsbereich: | Luftfahrt, Raumfahrt und Verkehr | ||||||||||||||||||||
HGF - Programm: | Luftfahrt | ||||||||||||||||||||
HGF - Programmthema: | Luftverkehr und Auswirkungen | ||||||||||||||||||||
DLR - Schwerpunkt: | Luftfahrt | ||||||||||||||||||||
DLR - Forschungsgebiet: | L AI - Luftverkehr und Auswirkungen | ||||||||||||||||||||
DLR - Teilgebiet (Projekt, Vorhaben): | L - Lufttransportbetrieb und Folgenabschätzung | ||||||||||||||||||||
Standort: | Hamburg | ||||||||||||||||||||
Institute & Einrichtungen: | Lufttransportsysteme > Lufttransportbetrieb | ||||||||||||||||||||
Hinterlegt von: | Ehlers, Dr. Thorsten | ||||||||||||||||||||
Hinterlegt am: | 26 Jul 2021 10:30 | ||||||||||||||||||||
Letzte Änderung: | 07 Mär 2022 13:58 |
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