Airlines' Private Problem: Are Premium Passengers Shifting to Business Jets?
In this article, the author examines a potential rival to the airline industry for its premium passengers: business jets. Once the province of wealthy corporate heads, traveling aboard business aircraft is growing among less wealthy business passengers through fractional ownership and charter operations like BlueStar Jets that cater to businesses. BlueStar Jets is growing between 25 and 30 percent each year, while full-fare or higher airline trips have dropped in the U.S. from 79 million annually in 2000 to 42 million in 2007. The author suggests that this shift represents a significant revenue loss for the airline industry. Business aviation did not intentionally go after the business class passenger; rather, reduced, less reliable airline service, and long security waits made traveling by private jet, whose costs had begun to fall, a more attractive alternative for those passengers.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/00022543
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Authors:
- Karp, Aaron
- Publication Date: 2008-9
Language
- English
Media Info
- Media Type: Print
- Features: Photos; Tables;
- Pagination: pp 64-67
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Serial:
- ATW: Air Transport World
- Volume: 45
- Issue Number: 9
- Publisher: Penton Media
- ISSN: 0002-2543
Subject/Index Terms
- TRT Terms: Airlines; Business aircraft; Competition; Private aircraft
- Subject Areas: Aviation; Economics; Passenger Transportation;
Filing Info
- Accession Number: 01114131
- Record Type: Publication
- Source Agency: UC Berkeley Transportation Library
- Files: BTRIS, TRIS
- Created Date: Oct 30 2008 10:04AM