This updated edition of The Economics of Airlines offers a solid and well-structured introduction to the key economic forces shaping the airline industry. The author effectively explains complex concepts, drawing on both theoretical foundations and industry practices. The inclusion of recent developments, such as the impact of Covid-19, the growing importance of cargo, changes in cost structures, and environmental constraints, makes the book particularly relevant today. The chapters on pricing, competition, and regulatory frameworks are especially strong, with clear explanations and up-to-date examples. We use this book for our Advanced Masters students in Air Transport Management. However, it could also be easily used by students in transport management, as well as professionals seeking a concise yet comprehensive overview of how airlines operate within a challenging economic environment. -- Wouter Dewulf, Centre for Maritime and Air Transport Management, University of Antwerp The Economics of Airlines expands successfully our knowledge of air transport management and bridges the gap between theory and practice with examples of real challenges facing airlines and the efficient applications of the principles of economic theory. More specifically, the first part of the book analyses fully the costs that airlines need to incur for their operations, the determinants of demand for air travel and connects them with popular pricing strategies. The second and third parts refer accurately to the organization of the airline markets and the various internal and external factors which play a significant role in the industry such as market competition, alliances, regulation, safety and airport congestion. Lastly, the author considers the reliance of airlines on key stakeholders that operate the transport infrastructure and the aircraft manufacturers. The book provides a comprehensive overview of the major concepts of the airline sector and facilitates the understanding of the industry's complexities in a clear and simple way ideal both for university students and professionals. -- Evangelia Pantelaki, Senior Lecturer in Aviation Management, Faculty of Business Management, Emirates Aviation University, Dubai
