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Price discrimination and yield management in the airline industry
Date Issued
2021
Publisher
Elsevier
ISBN
9780081026724
Citation
In Vickerman, R. (Ed.). 2021. International encyclopedia of transportation. (pp.404-408). Elsevier.
Type
Book Chapter
Abstract
This chapter introduces the concept of price discrimination and explores how a new airline business model enhances the practice of price discrimination in the Australian airline market. Based on the idea of price discrimination, airlines apply yield management to capture high-yield passengers and at the same time to fill the aircraft with price-sensitive passengers to avoid the flight departing with too many empty seats. This history, recent development, and approaches of airline yield management are presented in this chapter.
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