Price volatility in the airline markets
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 2Â 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 2Â weeks out and 1Â day out, even after controlling for market differences.
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Volume (Year): 45 (2009)
Issue (Month): 5 (September)
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