Air Transport Economics

The course covers topics such as growth drivers, pricing, elasticity, revenue management and the economics of slots. Other subjects include how investors regard airlines, the impact of regulation on consolidation, how cost allocation works in the airline industry and whether airlines should undertake fuel and currency hedging. Due to changing economic conditions and the dynamic characteristics of the industry the course is very topical and interactive.

Who is it for?

The module provides an explanation of the economic factors in the industry and would benefit students wanting to enter management roles.

Timetable

• Thursday 23rd November to Saturday 25th November 2023
• 9am - 4pm (with one hour lunch)

Benefits

Due to changing economic conditions and the dynamic characteristics of the industry the course is very topical and interactive.

The course covers topics such as:

• growth drivers
• pricing
• elasticity
• revenue management
• the economics of slots.

Other subjects include:

• how investors regard airlines
• the impact of regulation on consolidation
• how cost allocation works in the airline industry
• whether airlines should undertake fuel and currency hedging.

The module is taught in class. It is interactive with students contributing their own experiences.

There is no assessment or coursework with this CPD. Students will be asked to submit a reflective journal about the topics covered and will receive a certificate of participation.

This course is provided by the School of Science & Technology.

There is no prior knowledge to this course..

English requirements

For those students whose first language is not English the following qualification is also required:

• IELTS: 7.0

• Introduction to Air Transport Economics; Vasigh, Bijan; Ashgate ISBN-13: 978-0754670810
• Air Transport Management, An International Perspective, Lucy Budd and Stephon Ison, Routledge ISBN 978-1-4724-5106-4
• Driving Airlines Business Strategies through emerging technology   N.K. Taneja   Ashgate  ISBN 0-7546 1971 0 345
• Evolution of International Aviation, Rhoades, ISBN 0-7546-3785-9

It would be advantageous if students could also look at company presentations given on the investor relations websites of airlines such as easyJet. IAG, Lufthansa and Ryanair.