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Cleared for take-off: structure and strategy in the low fare airline business
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The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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  • 2009The Financial Performance of Low-Cost and Full-Service Airlines in Times of Crisis58 cited
  • 2020Low cost carriers in Southeast Asia: How does ticket price change the way passengers make their airline selection?44 cited
  • 2005Frequent flyer programs for European low-cost airlines: Prospects, risks and implementation guidelines42 cited
  • 2017Profitability change in the global airline industry38 cited
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  • 2019Determinants of air traffic volumes and structure at small European airports34 cited
  • 2006Human resource management at Star Alliance: Pressures for standardization and differentiation34 cited
  • 2009Transport and Regional Dispersal of Tourists: Is Travel Modal Substitution a Source of Conflict between Low-Fare Air Services and Regional Dispersal?32 cited
  • 2021A tale of airline competition: When full-service carriers undercut low-cost carriers fares31 cited
  • 2005Improvements in intra-European inter-city flight connectivity: 1996–200428 cited
  • 2016The scope for low-cost connecting services in Europe — Is self-hubbing only the beginning?27 cited
  • 2009Different models in different spaces or liberalized optimizations? Competitive strategies among low-cost carriers27 cited
  • 2009Unintended trajectories: liberalization and the geographies of private business flight

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27 cited
  • 2015Stakeholder Perceptions of the Role of Low-cost Carriers in Insular Tourism Destinations: The Case of Cyprus24 cited
  • 2017Can low-cost long-haul carriers replace Charter airlines in the long-haul market? A European perspective23 cited
  • 2015Eco-positioning of airlines: Perception versus actual performance21 cited