Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1024030 | Transportation Research Part E: Logistics and Transportation Review | 2009 | 17 Pages |
Abstract
In this article we examine volatility measures and investigate what factors explain price volatility in different US domestic air routes. We find that volatility remains reasonably stable up to 2 weeks prior to the flight, at which point it increases significantly. The type, LCC or legacy carrier, and identity of the airlines appears to have a major impact on the volatility measures, and that these effects are different for 2 weeks out and 1 day out, even after controlling for market differences.
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Authors
David Gillen, Benny Mantin,