Competition Versus Predation in Aviation Markets: A Survey of Experience in North America, Europe & Australia
|Author||: Peter Forsyth|
Competition Versus Predation in Aviation Markets (English) by Peter Forsyth.
Competition Versus Predation in Aviation Markets
Prior to liberalization, there was little scope for predatory behaviour in the aviation market. However, following deregulation, new entrants sought to compete with entrenched incumbents. Low-cost carriers (LCCs) gained significant market share, which in turn provoked many different kinds of defensive response. Having put pressure on established carriers, low-cost airlines are themselves feeling the pressure of competition from new operators.
Peter Forsyth is Professor of Economics at Monash University, Victoria, Australia, and writes extensively on air transport and tourism.