Demand for Air Travel
Journal: MAD - Magazine of Aviation Development (Vol.2, No. 12)Publication Date: 2014-11-15
Authors : Eva Endrizalova; Vladimir Nemec;
Page : 15-17
Keywords : demand; elasticity; modeling; choise of itinerary;
Abstract
This article describes the demand elasticity of air transport and algorithm of demand modelling that is used as part of reservation system. The next section explains Quantitative Share Index that quantifies the market share for each carrier in the monitored market and Herfindahl Hirschman Index that quantifies the concentration of service providers in this market. The last chapter describes the choices of air travel itinerary.
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