air transport economics

Air transport economics studies how airlines and airports operate financially, balancing costs like fuel, staff, and maintenance with revenue from ticket sales. It involves understanding pricing strategies, demand fluctuations, and market competition. Airlines aim to optimize routes and capacity to maximize profits while offering competitive fares. Additionally, factors like regulation, fuel prices, and environmental concerns influence industry decisions. Overall, air transport economics seeks to ensure efficient, affordable, and sustainable air travel by analyzing the interplay between revenue, costs, and market dynamics.