<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This article analyzes the behavior of the demand of domestic and international air passengers in a context of liberalized air transport market and with a total deregulation of airfares (using as case study the Colombian air transport market), and where it is also contemplated the influence, on this demand, of several factors of diverse origin (economic, market / competition and geographic). And due to the complexity of the air transport system, the use of System Dynamics is considered appropriate as an analysis tool. The main results indicate a convergence (in the study period) to a stabilization status of the load factor, which suggests that the air operators were able to better understand the behavior of the demand and thereby better adjust their supply.</p></abstract>

This article analyzes the behavior of the demand of domestic and international air passengers in a context of liberalized air transport market and with a total deregulation of airfares (using as case study the Colombian air transport market), and where it is also contemplated the influence, on this demand, of several factors of diverse origin (economic, market / competition and geographic). And due to the complexity of the air transport system, the use of System Dynamics is considered appropriate as an analysis tool. The main results indicate a convergence (in the study period) to a stabilization status of the load factor, which suggests that the air operators were able to better understand the behavior of the demand and thereby better adjust their supply.

Behavior of Air Passenger Demand in a Liberalized Market

Transport and Telecommunication Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Behavior of Air Passenger Demand in a Liberalized Market"}

This article analyzes the behavior of the demand of domestic and international air passengers in a context of liberalized air transport market and with a total...

Behavior of Air Passenger Demand in a Liberalized Market

Published Online: Feb 27, 2020

Page range: 1 - 14

DOI: https://doi.org/10.2478/ttj-2020-0001

Keywords
air passenger demand, airport, air transport, system dynamics, liberalization, Colombia

© 2020 Diana Tascón Hoyos et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Behavior of Air Passenger Demand in a Liberalized Market

Published Online: Feb 27, 2020

Page range: 1 - 14

DOI: https://doi.org/10.2478/ttj-2020-0001

Keywordsair passenger demand, airport, air transport, system dynamics, liberalization, Colombia

© 2020 Diana Tascón Hoyos et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
air passenger demand, airport, air transport, system dynamics, liberalization, Colombia