Flying Too Close to the Sun

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A01=Sveinn Vidar Gudmundsson
Air Atlanta
Air Florida
Air Wisconsin
aircraft
Aircraft Utilisation
airline industry analysis
airline management research
airlines
America West
Author_Sveinn Vidar Gudmundsson
Bankrupt Carrier
Bankruptcy Prediction
Category=KNG
Code Sharing Agreement
Competition Intensity
competitive strategy aviation
CPF
Crs
deregulation impact
Distress Prediction Model
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
failure
Failure Prediction
failure prediction models
Fare Wars
Feeder Carriers
FFP
Financial Ratios
flyer
frequent
Midwest Express
Model Chi Square
models
Multiple Linear Regression
Muse Air
Negatively Related
new entrant airline survival factors
organisational performance airlines
prediction
programs
southwest
Te Ch
utilisation
YMS

Product details

  • ISBN 9781840143669
  • Weight: 680g
  • Dimensions: 156 x 234mm
  • Publication Date: 28 Mar 1999
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Since deregulation in the United States, most jet operating new-entrant carriers have failed. Theories on competition had been put to the test and reality turned out to be different to the vision. To begin with many new-entrant airlines were successful, but were not able to create sustainable strategies to survive as incumbent carriers adjusted to the new operating environment. This book explains the complex issues that led to the almost total failure rate of the 'first wave' new-entrant airlines. The background to the pre-nineties failure predicament is examined in order to give a good overview of the characteristics of new-entrant airlines and of the environment in which they operate. Attention is given to the new-entrants’ strategies and management in order to explore past deficiencies and to pave the way for successful new strategies. The author covers the new-entrants’ structure and then identifies critical factors through distress/failure prediction models. His approach is broad, and conclusions on airline failure are based on a dynamic framework, rather than a simple prescription for success or how to avoid failure. It is hoped that the reader will thereby come to recognize more fully the adaptability of incumbent airlines as well as the past mistakes of new airlines and gain some insights into new airline strategies. The book is in two main parts. The first part establishes what sort of an environment the new-entrants encounter. The second part gives results of a survey research giving an insight into management priorities and organization characteristics at new-entrant airlines and their linkage with good and poor performance. In addition critical factors are derived from failure and distress prediction models based on survey data and financial and traffic data on new-entrants. The final chapter brings together the various parts of the book and covers an inventory of new-entrants’ critical factors. The readership includes managers in
Sveinn Vidar Gudmundsson is Professor of Strategy at the Toulouse Business School, Toulouse, France. Previous to this, he was Assistant Professor at the Faculty of Economics and Business Administration at the University of Maastricht, The Netherlands and Principal Lecturer in Transport at the London Guildhall University. He gained a PhD in Air Transport Management from Cranfield University, UK and studied at the School of Aeronautics and the School of Management at Florida Institute of Technology, USA.

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