Air Traffic Economics and Management
Abbreviation: GOSUPZRP Load: 30(L) + 0(E) + 0(LE) + 0(S) + 0(FLE) + 0(PEE)
Lecturers in charge: dr. sc. Ružica Škurla Babić
Lecturers: Maja Ozmec-Ban ( Lectures )
Course description: Economic characteristics of airline industry as a service industry, the elements of airline service. Features of air transport demand, factors affecting air travel demand (general and specific). Elasticity of air travel demand, price elasticity for different air travel demand segments. Air travel demand models, passenger choice models. Air transport markets, types of market structures and examples, market share/frequency share S-curve model. Structure of airline operating costs, fix and variable costs, direct and indirect operating costs, determinants of airline operating costs. Methods for assessment of aircraft exploitation costs. Airline revenues, pricing strategies, break even analyses. Fleet acquisition, fleet amortization, types of leasing. Airport as an economic entity. Technical and technological features of the airport from the perspective of business economics. Economic characteristics of an airport. Organization of the airport from the perspective of business economics. Operating and non-operating revenues and costs. Airport user charges and landing fees. The principles in setting airport charges. Development and management of ancillary commercial services. Determining the need for investment in airport infrastructure. Airport infrastructure financing. Air Traffic Control - economic issues, air navigation charges and their calculation.
Lecture languages: hr
Compulsory literature:
1. Škurla Babić, R.: Autorizirana predavanja i prezentacije (sustav za e-učenje Merlin)
2. Ozmec-Ban, M.: Autorizirana predavanja i prezentacije (sustav za e-učenje Merlin)
Recommended literature:
3. Airport Economic Manual, Doc 9562, Internationa Civil Aviation Organisation, Third Edition, 2013.
4. Eurocontrol: Customer Guide to Route Charges, Bruxelles, Belgija, 2016.
5. Holloway, S.: Straight and level: practical airline economics, Ashgate Publishing Company, Aldershot, UK, 2016.
6. Pravilnik o naknadama zračnih luka, NN 65/2015.
7. Vasigh, B., Taleghani, R., Jenkins, D.: Aircraft finance: strategies for managing capital costs in a turbulent industry, Ross Publishing, Fort Lauderdale, USA, 2012.
Legend
L - Lectures
E - Exercises
LE - Laboratory exercises
S - Seminar
FLE - Practical foreign language exercises
PEE - Physical education excercises
* - Not graded