Published at Friday, March 29th, 2019 - 03:26:10 AM. Type of airline. By Adelle Jäger.
The advent of advanced computerized reservations systems in the late 1970s most notably Sabre allowed airlines to easily perform cost-benefit analyses on different pricing structures leading to almost perfect price discrimination in some cases (that is filling each seat on an aircraft at the highest price that can be charged without driving the consumer elsewhere).
As in many mature industries consolidation is a trend. Airline groupings may consist of limited bilateral partnerships long-term multi-faceted alliances between carriers equity arrangements mergers or takeovers. Since governments often restrict ownership and merger between companies in different countries most consolidation takes place within a country. In the U.S. over 200 airlines have merged been taken over or gone out of business since deregulation in 1978. Many international airline managers are lobbying their governments to permit greater consolidation to achieve higher economy and efficiency.
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