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Economics of the Airport Capacity System in the Growing Demand of Air Traffic – A Global View

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  • Senguttuvan, P.S

Abstract

Economic prosperity brings greater demand for travel. As people get wealthier, they can afford to travel further and more often. In the case of aviation this trend has been amplified by technological advances, cost efficiencies and strengthened competition within the industry, which have brought air travel within the reach of many million people. In an era of increasing globalization, foreign travel - whether for pleasure or on business - is now a common experience. The increasing affordability of air travel has opened up new destinations and possibilities. Further, it has also expanded people's horizons, opportunities and expectations. As a result, air travel has shown a three-fold increase over the last 30 years. The availability of sufficient airport capacity is an important constraint on future growth. However, even at current levels of use, many airports in the U.S., Europe and few airports in Asia Pacific are becoming increasingly congested as they attempt to cope with rising passenger numbers. In some cases, the capacity of terminals and runways is at, or near, saturation point.

Suggested Citation

  • Senguttuvan, P.S, 2006. "Economics of the Airport Capacity System in the Growing Demand of Air Traffic – A Global View," 47th Annual Transportation Research Forum, New York, New York, March 23-25, 2006 208018, Transportation Research Forum.
    • Handle: RePEc:ags:ndtr06:208018
    DOI: 10.22004/ag.econ.208018
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    References listed on IDEAS

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    1. Brueckner, Jan K., 2005. "Internalization of airport congestion: A network analysis," International Journal of Industrial Organization, Elsevier, vol. 23(7-8), pages 599-614, September.
    2. Daniel, Joseph I, 1995. "Congestion Pricing and Capacity of Large Hub Airports: A Bottleneck Model with Stochastic Queues," Econometrica, Econometric Society, vol. 63(2), pages 327-370, March.
    3. Brueckner, Jan K, 2002. "Internalization of airport congestion," Journal of Air Transport Management, Elsevier, vol. 8(3), pages 141-147.
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    Cited by:

    1. Hu, Rong & Feng, Huilin & Witlox, Frank & Zhang, Junfeng & Connor, Kevin O., 2022. "Airport capacity constraints and air traffic demand in China," Journal of Air Transport Management, Elsevier, vol. 103(C).
    2. Aguirre, Julio & Mateu, Pedro & Pantoja, Chrissie, 2019. "Granting airport concessions for regional development: Evidence from Peru," Transport Policy, Elsevier, vol. 74(C), pages 138-152.

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