• 主题
高级搜索  >
历史搜索 清空历史
首页> 美国政府科技报告 >Impact of Air Carriers Emerging From Bankruptcy on Hub Airports, Airport Systems and U.S. Capital Markets
【24h】

Impact of Air Carriers Emerging From Bankruptcy on Hub Airports, Airport Systems and U.S. Capital Markets

机译：破产航空公司对枢纽机场，机场系统和美国资本市场的影响

获取原文
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Over the last two years, the airline industrys financial condition has deteriorated significantly. Several air carriers have either failed or have been forced to file for bankruptcy. During this period, a number of factors have contributed to the dramatic financial losses for an important component of the industry, the large network airlines. The events of September 11, 2001, stand out, but these airlines were already experiencing record financial losses due both to rapid cost escalation and a decline in business traffic. In response, major network carriers have had to reduce their operating costs, restructure their operations, and adopt new business strategies to counter unsustainable financial losses and to achieve long-term financial viability. A core part of each network carriers recovery strategy has been to cut back on seat capacity, in some cases by reducing or withdrawing service from a market altogether, in others by reducing frequency of service, and in some markets by replacing large aircraft with smaller aircraft. It is important to note that in contrast, several low-fare carriers have continued to rapidly expand service after only a brief reduction in capacity immediately following the terrorist attacks of September 11 th. Many airports served by major network carriers have also experienced a decline in their financial health, and some face significant financial challenges. After September 11th, airports were compelled to incur additional safety and security costs while suffering a decline in revenues due to the decline in air travel. Moreover, because airports have substantial fixed costs (often including debt issued through general airport revenue bonds) and limited leeway to cut certain operating costs quickly, they are financially stressed when faced with a substantial, prolonged drop off in passenger traffic or air carrier operations. Further, because airport revenues are generated primarily from airline operations (landing fees and terminal rents) and the rents charged concessionaires, the majority of airports have seen a decline in operating revenues and profits since September 11 th. Other airports, however, have seen their revenues recover. The primary objective of this study is to examine the financial health of airports where the airlines serving the airport have emerged from bankruptcy or are currently undergoing bankruptcy proceedings. A secondary objective is to analyze the impact of air carrier bankruptcies on airport operations and airport capital development.

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号