Inhaltszusammenfassung

This research investigates the impact of global oil production peak transmitted via soaring fuel prices on future air traffic. The paper analyzes the short-term impact of higher fuel prices on airline operating costs, passenger fares and demand for short-haul and long-haul services. Results indicate that the rate of air traffic growth constrained by scarcity of kerosene is much lower - and may even be negative - than unconstrained air traffic growth. Services offered by low-cost carrie...This research investigates the impact of global oil production peak transmitted via soaring fuel prices on future air traffic. The paper analyzes the short-term impact of higher fuel prices on airline operating costs, passenger fares and demand for short-haul and long-haul services. Results indicate that the rate of air traffic growth constrained by scarcity of kerosene is much lower - and may even be negative - than unconstrained air traffic growth. Services offered by low-cost carriers and long-haul services are most adversely affected. It is also contended that a strong increase in fuel prices outweighs the potential impact of proposed emission trading systems for the aviation industry. Looking beyond the peak in oil production the paper provides a brief discussion of potential substitutes for petroleum kerosene as jet fuel» weiterlesen» einklappen

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DDC Sachgruppe:
Wirtschaft