Management of multi-airport systems

Richard de Neufville

Journal of Air Transport Management, 1995, vol. 2, issue 2, 99-110

Abstract: This paper proposes a dynamic strategy for developing the multi-airport systems needed for large metropolitan regions. It is based upon two fundamental factors: the pattern of concentration of airline traffic at specific airports, impelled by the dynamics of the competition amongst airlines and airports, that sets limits on second airports; and the uncertainty of future traffic in this competitive environment, which implies financial risks for capital-intensive airport projects. Development plans should thus be strategic, making investments that insure the future, incremental, phasing modest investments according to proven opportunities, and flexible, providing the insurance to adjust easily to future situations.

Keywords: multi-airport systems; dynamic strategic planning; competition; airlines; traffic concentration (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (34)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:2:y:1995:i:2:p:99-110

DOI: 10.1016/0969-6997(95)00035-6

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