http://scholars.ntou.edu.tw/handle/123456789/21052
標題: | Revenue efficiency across airline business models: A bootstrap non-convex meta-frontier approach | 作者: | Minh-Anh Thi Nguyen Yu, Ming-Miin Lirn, Taih-Cherng |
關鍵字: | Revenue efficiency;Two-stage data envelopment analysis (DEA) approach;Bootstrap non-convex meta-frontier;Bootstrap truncated regression;Airline business models | 公開日期: | 1-三月-2022 | 出版社: | ELSEVIER SCI LTD | 卷: | 117 | 起(迄)頁: | 108-117 | 來源出版物: | TRANSPORT POLICY | 摘要: | The intense price competition has hurt the revenue performance of the U.S. airline industry. In this context, network-legacy carriers (NLCs), low-cost carriers (LCCs), and ultra-low-cost carriers (ULCCs) in the U.S rely on different competitive advantages to create and promote their revenue efficiency. This study investigates the revenue efficiency differentials of the three airline business models in the U.S - NLC, LCC, and ULCC, using a two stage data envelopment analysis (DEA) approach. In the first stage, a bootstrap non-convex meta-frontier framework is developed to estimate the DEA-based revenue efficiency of the airlines adopting different business models. In the second stage, a bootstrap truncated regression is employed to explain the differences in the airlines' revenue efficiency. Based on a data sample of the major airlines in the U.S. from 2015 to 2019, the study reveals the following findings: (1) The revenue efficiency varied significantly across the three airline business models. In which, ULCC type exhibited the lowest revenue efficiency; (2) Due to technological constraints, ULCCs averagely collected less than 17.6% of their potential revenue during the study period. Both LCC and NLC types demonstrated the most advanced technologies in generating revenue; however, NLCs generally outperformed LCCs; (3) Service quality, operational size, and airfare significantly impacted the airlines' revenue performance. |
URI: | http://scholars.ntou.edu.tw/handle/123456789/21052 | ISSN: | 0967-070X | DOI: | 10.1016/j.tranpol.2022.01.007 |
顯示於: | 航運管理學系 運輸科學系 |
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