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The Development of Passenger Air Transport in an Environment of Dynamic Changes

Author

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  • Donka Zhelyazkova

Abstract

The author’s primary goal is to present a number of features related to air transport – implemented by low-cost airlines and on the basis of an analysis of the current state of passenger air travel – and to outline some prospects for the development of aviation as a whole. To achieve such an objective, the advantages and deficiencies accompanying the transportation of passengers by low-cost airlines have been systematized. In accordance with these theoretical considerations, an analysis has been made of the current dimensions of this market segment’s development, based on the indicators that globally account for the market share of low-cost airlines in certain regions around the world, including Europe, as well as for the annual growth in demand for passenger air transport on a global level. On a national level, Sofia, Varna, and Burgas airports’ number of passenger movements have been monitored on a yearly basis, while the resort airports have monthly reports. In her conclusions, the author discovers a few prospects for development in air travel which are mainly associated with the symbiosis between transport alternatives and ecological transport solutions.

Suggested Citation

  • Donka Zhelyazkova, 2022. "The Development of Passenger Air Transport in an Environment of Dynamic Changes," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 705-718.
    • Handle: RePEc:bas:econth:y:2022:i:6:p:705-718
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    References listed on IDEAS

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    3. Park, Yonghwa & Ha, Hun-Koo, 2006. "Analysis of the impact of high-speed railroad service on air transport demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 42(2), pages 95-104, March.
    4. STOYANOV, Mihal, 2015. "Characteristic Features Of Low-Cost Airlines And Their Development In Europe," Economics 21, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1, pages 1-10.
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    More about this item

    JEL classification:

    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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