The recession and oil price shocks have made for a turbulent few years for the airline industry. Today, strong competition and shifts in market realities are changing how airlines operate and will have real implications for future air travel.
"Air Transport Association 2008 Economic Report." Washington. D.C.: Air Transport Association, 2008.
Borenstein, Severin, and Nancy Rose. "How Airline Markets Work... Or Do They? Regulatory Reform in the Airline Industry." In Rose, Nancy L. (ed.), Economic Regulation and Its Reform: What Have We Learned? Chicago: University of Chicago Press, forthcoming.
"The Impact of Recession on Air Traffic Volumes." Montreal, Quebec. International Air Transport Association, December 2008.