Title :
The Determinants of Passenger Load Factor for Chinese Airline Industry
Author :
Wang, Yun ; Ouyang, Hongbing ; Zhang, Zongcheng
Author_Institution :
Sch. of Econ., Huazhong Univ. of Sci. & Technol., Wuhan, China
Abstract :
Identification of Load Factorpsilas Determinants is an important issue for airline industry management. This paper discusses the influence element of Chinese Airline Industry load factor based on the historical high frequency data. We set a SVAR model for the analysis and apply a TARCH-M model to discuss its ARCH effect. Our research finds that one competitorpsilas current and lagged PLF may affect others, and branch and associated operation also affects PLFpsilas fluctuation. For the branch companies competing in the same city, the effects of the positive impact and the negative impact are just opposite. The conclusions have important implications to the whole industry.
Keywords :
financial management; travel industry; ARCH effect; Chinese airline industry; SVAR model; TARCH-M model; passenger load factor; revenue management; Cities and towns; Conference management; Economic forecasting; Engineering management; Financial management; Fluctuations; Frequency; Industrial economics; Load management; Technology management; Passenger Load Factor(PLF); Revenue Management; SVAR; TARCH-M;
Conference_Titel :
Business Intelligence and Financial Engineering, 2009. BIFE '09. International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-0-7695-3705-4
DOI :
10.1109/BIFE.2009.125
