کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1065097 1485853 2012 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of recession on airports' cost efficiency
موضوعات مرتبط
علوم انسانی و اجتماعی علوم اجتماعی جغرافیا، برنامه ریزی و توسعه
پیش نمایش صفحه اول مقاله
The impact of recession on airports' cost efficiency
چکیده انگلیسی

The recent economic downturn took a severe toll on the aviation industry, leading to a significant contraction in air transport demand. In spite of that, airports' operating costs did not mirror the declining traffic trends and continued to increase during the same period. This paper sought to estimate the impact of the recession on airports' cost efficiency and financial performance. This is achieved by estimating the industry's short-run cost frontier over a balanced pool database of 194 airports observed between 2007 and 2009. Results show that airports struggled to control operating costs during the recession. Efficiency losses were estimated to be in excess of USD 5.5 billion, contributing to a significant reduction in industry operating margin. Results also suggest that airports that are corporatised and have not pursued extensive out-sourcing of activities are better able to manage their costs during periods of economic recession.


► Airport cost efficiency worldwide dropped 5.85% between 2007 and 2009.
► This leads to a global loss of approximately USD 5.5 billion over this period.
► North American airports are the most severely affected by the recession.
► Results suggest a negative impact of outsourcing on cost flexibility.
► Privatization and corporatization seem to improve cost flexibility.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Transport Policy - Volume 24, November 2012, Pages 211–222
نویسندگان
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