Flying Off Course: The Economics of International Airlines
Manufacturer: Routledge
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Reviews:
First Rate Book on Aitrline Economics
Since my early days in the aviation industry in the mid-1980s, the first edition of "Flying Off Course: The economics of International Airlines" was the only comprehensive book I had covering the major aspects of airline economics. When the second edition was printed in 1991, I eagerly got myself a copy as the book was an indispensable item in my library.
I am very gratified to have the third edition as a lot has happened since the first two editions. Low cost airlines came on the scene in a big way, modelled along the lines of the highly successful Southwest Airlines in the USA. The phenomena of major airline alliances and mergers also expanded greatly as well as more widespread liberalisation of the industry. All these and many other facets of this fascinating industry have been updated by one the most renowned and respected experts in the field, Professor Rigas Doganis.
The book is presented in clear simple English enabling it to be easily understood by anyone with an interest in aviation. This book is a must to read by airline practitioners and those interested in a serious study of the subject.
Academically Rigorous, Yet Comprehensible
This is the best introduction to the fundamentals of airline economics that I have ever read. Doganis, an analyst and teacher these days, is able to take all his years in industry (including a stint as CEO of Olympic Airways of Greece) and distill it into a useful text full of real world examples. The third edition is updated to include new developments like Internet ticketing, and was written post-9/11, so that sections dealing with issues such as security are up to date.
The book has complete sections on airline, aircraft, and route planning and forecasting, and related subjects such as yield management, marketing, and charter operations. Of particular note is the chapter on pricing policies and fare structures; it is clear that Doganis completely understands the significance of the low cost carriers and the future of yields throughout the different regions of the world.
I always enjoy reading Doganis, and vastly prefer this updated version of "Flying Off Course" to the pre-9/11 "The Airline Business in the 21st Century" (although I do recommend that book as well.) This is a great book, and should be read and understood by airline managers everywhere. My only caution is that though it is not the most mathematically exhaustive book on the subject, casual readers may not enjoy the book inasmuch as it is quite weighty and the chapter on forecasting demand is fairly mathematically rigorous.
Great overview, at times too basic
Working in airports for the 10 muovendosi years slid and hour towards
the side of overhead line, I have wished one immense description of
economy of overhead line. The book has made a first job of rate. The
only critic would be that if you have some years of experience and to
know your sense around to the fundamental principles of financial
analysis, some of the examples and the explanations will be a little
one time waste. The book is structured well and approximately
interesting like a book to this purpose it can be (is realistic, the
object has it is limits...). A large book of debuttante, good for
those already airside.
Nice introduction
If you need a quick insight into airline business - BUY THIS BOOK. Rigas did a great job in explaining the difficult world of airline business to a dummy like me. Now, having a quite deeper knowledge, I am missing some in-depth information about the commercial side and route planning. Overall: a best buy.
Good book but a bit out of date
They are an analyst of overhead line and this book gives one sure low
priority to me Info on aspcet different. It gives the base
understanding to you on as the industry works and I learn personally
mólto from this. The problem is that it is a po' antiquated and so as
to I must spend the time a lot that verifing the data. Except that
one, this is much good ones for the principianti.
BEST BOOK IN AIRLINE ECONOMICS
This book is a must for anyone contemplating a study of the aviation industry. Being myself an avid aviation enthusiast and an Economics student at the London School Of Economics, I have relished every single chapter of the book and it proved instrumental in applying some concepts of core Microeconomic Theory to the Airline Business. The book is written in a clear and comprehensible way and the chapters are lightly intertwined in a way that will suscitate the general interest of the reader. In addition to the cogency and incisiveness of the chapters, Professor Doganis succeeds in stiking 2 birds with one stone's throw when it comes to dissociate the practical side from the empirical side.In a synopsis, i would put this book in the top of list if i were to recommend to my students- should i myself become a Professor of Airline Economics and Finance later on
Get to know the problems of an international airline
The past few weeks I noticed some articles in the newspaper about all kinds of airline gettogethers, nice talks, interesting promises and large headlines. If only the authors of these articles had read this book, they would have avoided words as 'surprising', 'news of the day' and 'new policy?'. Doganis explains it all in his book, and in such a way that I liked it, remembered it and am still capable of reproducing. To me it was an excellent introduction to a field, far from my bed.
A 'must'.
Probably the best introduction into the economics of airlines ever written.
The best text available for airline economics -- Period.
Superb! This text clearly explains complex the economic editions that
the overhead lines encircle today, comprised the social and political
perspectives. The resource available by far better affinchè (or
current) responsible upgrades them of overhead line contributes to
understand the forces of drive in odierna the total industry of
overhead line. Sure acceptable for all the level more high academic
study, the text watches the economic paradigms that guide the industry
and supply one perspective fresh of the dangers that face the airilnes
in ventunesimo the century.
Comprehensive, thorough overview of international airlines
The former Olympic Airways Chairman (now Professor of Air Transport at the prestigious Cranfield University, UK) provides a magnificent overview of the economics of international airlines. The title refers to airlines' apparent inability to satisfy the most basic of economic necessities: matching supply and demand
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