Analysis of the lowest airfares considering the different business models of airlines, the case of Budapest

Gábor Dudás, Lajos Boros, Viktor Pál and Péter Pernyész

MPRA Paper from University Library of Munich, Germany

Abstract: This study reports the findings of a research that compared the lowest airfares of full-service network carriers and low-cost airlines and mapped the cost distance between Budapest and European cities. The study investigated return air tickets for three time periods in 48 European cities for travellers who originated from Budapest. The study was based on quantitative research methods using automated internet data collection and a unique GIS-based mapping method to compare airfares and visualise the cost distance between European cities and Budapest. Our findings showed that low-cost airlines outperform full-service network carriers by offering lower-fare air tickets, while the cost distance maps showed that cities accessible by low-cost airlines are ‘closer’ to Budapest in general.

Keywords: airfare; low-cost airline; cost distance; air transport; GIS (search for similar items in EconPapers)
JEL-codes: L93 O18 R10 R11 R41 (search for similar items in EconPapers)
Date: 2016-10
New Economics Papers: this item is included in nep-tre and nep-ure
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Published in Regional Statistics 1.6(2016): pp. 119-138

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74502

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