Behavior of air passenger demand in a liberalized market
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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.
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Hoyos, D., & Olariaga, O. (2020). Behavior of Air Passenger Demand in a Liberalized Market, Transport and Telecommunication Journal, 21(1), 1-14. doi: https://doi.org/10.2478/ttj-2020-0001
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Atribución-NoComercial-SinDerivadas 2.5 Colombia