Estimations Viability of LCCs Business Model in Korea
1
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
The Korean airline industry continues to change in 20-year cycles structurally. The major changes are in their market through deregulation and liberalization resulting in adding more carriers, especially low-cost carriers (LCCs) from 2006. The authors categorize three types of LCCs in Korea: (1) independent LCCs, (2) LCCs subsidized by existing airlines as airlineswithin-airlines (AwAs), and (3) LCCs supported by conglomerates and local governments. Independent LCCs have suffered financially during the research period from 2009 to 2013, especially from the impaired capital, even though these LCCs are growing rapidly and expanding their markets in domestic and international routes. AwAs’ efficiency is higher than that of independent LCCs, the roles in the market are limited because of cannibalization by their mother company.
Abstract
The Korean airline industry continues to change in 20-year cycles structurally. The major changes are in their market through deregulation and liberalization resulting in adding more carriers, especially low-cost carriers (LCCs) from 2006. The authors categorize three types of LCCs in Korea: (1) independent LCCs, (2) LCCs subsidized by existing airlines as airlineswithin-airlines (AwAs), and (3) LCCs supported by conglomerates and local governments. Independent LCCs have suffered financially during the research period from 2009 to 2013, especially from the impaired capital, even though these LCCs are growing rapidly and expanding their markets in domestic and international routes. AwAs’ efficiency is higher than that of independent LCCs, the roles in the market are limited because of cannibalization by their mother company.
참고문헌 (36)
- "Airline Business from August 2001 to August 2012", ~
- Attali, J., "Millennium-Winners and Losers in the Coming World Order" (1991), Random House
- Banker, R. D., "Models for estimating technical and scale efficiencies in data envelopment analysis", Management Sciences, 30, pp.1078~1092 (1984)
- Barbot, C., "Airlines performance in the new market context : A comparative productivity and efficiency analysis", Journal of Air Transport Management, 14, pp.270~274 (2008)
- Barros, C., "An evaluation of European airlines’ operational performance", International Journal of Production Economics, 122, pp.525~533 (2009)
- Bilotkach, V., "Airline pricing under different market conditions : Evidence from European low-cost carriers", Tourism Management, 47, pp.152~163 (2015)
- Bosshart, D., "Cheap? - The Real Cost of Living in a Low Price" (2006), Low Wage World, Kogan Page
- Charnes, A., "Measuring efficiency of decision making units", European Journal of Operational Research, 3, pp.429~444 (1978)
- Charnes, A., "Data Envelopment Analysis: Theory, Methodology, and Applications Extension to DEA Models" (1994), Kluwer Academic Publishers
- Charnes, A., "Robustly efficient parametric frontiers via multiplicative DEA for domestic and international operations of the Latin American airline industry", European Journal of Operational Research, 88, pp.525~536 (1996)
- Chiou, Y. C., "Route-based performance evaluation of Taiwanese domestic airlines using data envelopment analysis", Transportation Research Part E: Logistics and Transportation, 42, pp.116~127 (2006)
- Fu, X., "Effects of transport service differentiation in the U. S. domestic airline market", Transportation Research Part E: Logistics and Transportation, 47, pp.297~305 (2011)
- Gillen, D., "Airlines within airlines : Assessing the vulnerabilities of mixing business models", Research in Transportation Economics, 24, pp.25~35 (2008)
- Good, D. H., "Airline efficiency differences between Europe and the U.S.: Implications for the pace of EC integration and domestic regulation", European Journal of Operational Research, 800, pp.508~518 (1995)
- Graham, B., "Carriers within carriers: A strategic response to low-cost airline competition", Transport Reviews: A Transnational Transdisciplinary Journal, 26, pp.105~126 (2006)
- Hanaoka, S., "Low-cost carriers versus full-service carriers in ASEAN: The impact of liberalization policy on competition", Journal of Air Transport Management, 40, pp.96~105 (2014)
- Hong. S. J., "An efficiency study of airlines and air cargo", passenger divisions : A DEA approach, 2010, pp.3, 137~149
- Homsombat, W., "Competitive effects of the airline-within-airlines strategy : Pricing and route entry patterns", Transportation Research Part E: Logistics and Transportation, 63, pp.1~16 (2014)
- Johnston, A., "Economies of scale in the U. S. airline industry", Transportation Research Part E: Logistics and Transportation, 51, pp.95~108 (2013)
- Kim, W. C., "Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant" (2005), Harvard Business School Press
- The ascendance of Air Asia: Building a successful budget airline in Asia, "Lawton, T.", Richard Ivey School of Business, ~ (2010)
- Lin, M.H., "Airlines-within-airlines strategies and existence of low-cost carriers", Transportation Research Part E: Logistics and Transportation, 48, pp.637~651 (2012)
- Morrell, P., "Airlines within airlines : An analysis of U. S. network airline responses to low cost carriers", Journal of Air Transport Management, 11, pp.303~312 (2005)
- O’Connell, J. F., "Passengers’ perception of low cost airlines and full service carriers : A case study involving Ryanair, Aer Lingus, Air Asia and Malaysia Airlines", Journal of Air Transport Management, 11, pp.259~272 (2005)
- Oum, T. H., "Winning Airlines: Productivity and Cost Competitiveness of the World’s Major Airlines" (1997), Kluwer Academic Publishers
- Park, Y., "Analysis of the impact of high-speed railroad service on air transport demand", Transportation Research Part E: Logistics and Transportation, 42, pp.95~104 (2006)
- Papatheodorous, A., "Leisure travel in Europe and airline business models : A study of regional airports in Great Britain", Journal of Air Transport Management, 12, pp.47~62 (2006)
- Pels, E., "Low-cost airlines and airport competition", Transportation Research Part E: Logistics and Transportation, 45, pp.335~344 (2009)
- Pearson, J., "Airlines-within airlines : A business model moving East", Journal of Air Transport Management, 38, pp.21~26 (2014)
- Porter, M., "Competitive Strategy-Techniques for Analyzing Industries and Competitors" (1980), The Free Press
- Shank, J., "Strategic cost management: The new tool for competitive advantage" (1993), The Free Press
- Wan, Y., "Airlines’ reaction to high-speed rail entries : Empirical study of the Northeast Asian market", Transportation Research Part A: Policy & Practice, 94, pp.532~537 (2016)
- Zhang, A., "Low-cost carriers in Asia : Deregulation, regional liberalization, and secondary airports", Research in Transportation Economics, 24, pp.36~50 (2008)
- Zhu, J., "Airlines performance via two-stage network DEA approach", Journal of CENTRUM Cathedra, 4, pp.260~269 (2011)
- Zou, B., "Impact of operational performance on air carrier cost structure : Evidence from U. S. airlines", Transportation Research Part E: Logistics and Transportation, 48, pp.1032~1048 (2012)
- "Korean air transport statistics"[URL]