Now showing 1 - 2 of 2
- PublicationAirline seasonality: an explorative analysis of major low-cost carriers in Europe and the United StatesWe develop two air traffic seasonality indices to complement the traditional Gini index. These measurements are adopted to assess the variability of air traffic over time and across the route network of low-cost carriers (LCCs) in Europe and the United States and to estimate the impact of seasonality on fleet utilization. Using panel data for nine LCCs in Europe and the United States from 2004 to 2017, we find that higher seasonality results in lower fleet utilization after controlling for stage length, network size, aircraft size, and fleet standardization. Moreover, we find that seasonality is negatively associated with spatial and climate zone diversification of airline route networks. These results suggest that airlines may be able to reduce seasonal traffic variability through diversifying their networks geographically and consequently mitigating the negative fleet utilization impact.
- PublicationSeasonality in European and North American Air Transport Markets: Network Structures and Implications for Airline Performance and RecoveryThis industry note focuses on the seasonal variability in air traffic services and highlights the differences between air service capacity provision in Europe and North America. We explore the manifestations and measurement of seasonality, looking at the trends across airport communities and among airlines in the two continental regions. The relationship between airline network structure and seasonality is also explored in the study. We argue that there are a complex set of drivers of the observed differences in air traffic seasonality and set out a research agenda for further investigation.