 Measuring the LCC effect on charter airlines in the Spanish airport systemCastillo-Manzano, José I., Castro-Nuño, Mercedes, López-Valpuesta, Lourdes and Diego J. Pedregal Journal of Air Transport Management, 2017, vol. 65, issue C, 110-117 Abstract: Using a robust transfer function model methodology, the present paper seeks to offer empirical evidence regarding the size and type of effects that low-cost carriers (LCCs) have had on traffic for charter carriers (CCs) in the Spanish airport system by geographic market. We show an unmistakable substitution relationship between CCs and LCCs in the latter's typical niche markets, national and European flights, while there is no reaction from the CCs in the segment of international flights outside the EU. Furthermore, substitution effects are smaller between CCs and LCCs on the domestic level than effects between LCCs and network carriers (NCs) and slightly larger on the European level. Lastly, CC traffic's different sensitivity to terrorist attacks, day of the week, air accidents and the economic crisis is also evident. CCs should therefore be considered an independent category that warrants individualized analyses. Keywords: Charter companies; Low-cost carriers; Market share; Transfer function models; Spanish airport system (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:65:y:2017:i:c:p:110-117 DOI: 10.1016/j.jairtraman.2017.09.007 Access Statistics for this article Journal of Air Transport Management is currently edited by Anne Graham More articles in Journal of Air Transport Management from Elsevier |
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