Effect of innovation on airlines' operating leverage: A Spanish case study

Nicolau, Juan Luis; Santa-María, María Jesús

doi:10.1016/j.jairtraman.2012.08.001

Cited by 12 publications

(6 citation statements)

References 6 publications

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“…The theoretical gaps pointed out, regarding the little integration between different areas of airport innovation analysis, can be identified here as filled by considering, during model development, the participation of professionals and experts in both the management of airport innovation itself (CHEN;BATCHULUUN;BATNASAN, 2015;GIL;MIOZZO;MASSINI, 2012;GRAHAMN;HALL;MORALES, 2014;HALPERN, 2010), as well regarding the management of innovation in airlines (FRANKE, 2007;HERACLEOUS;WIRTZ, 2009;NICOLAU;SANTA-MARÍA, 2012;PEREIRA;CAETANO, 2015), and the aeronautics industry (CIAMPA; NAGEL, 2020;COHEN, 2010;SLAYTON;SPINARDI, 2016; WIESENTHAL; CONDEÇO-MELHORADO; LEDUC, 2015;), these being the main players in decision-making at airport management.…”

Section: Discussionmentioning

confidence: 99%

“…Finally, the study that comes closest to the current proposal, though applicable to airlines rather than airports, is that of Nicolau and Santa-María (2012), who provide an econometric analysis of different variables. The authors presented the conditional innovation variance (h it ) concerning the organization's financial risk in its market value, according to Equation 1 adapted from the authors.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Airport innovation planning and management must consider both the market needs and consumer satisfaction, as discussed by Chen, Batchuluun, and Batnasan (2015), or meet travelers' needs by personal aero mobility (COHEN, 2010), to ensure safety regulations procedures (KOH, 2007) and obtain incentives for transport innovation funds (WIESENTHAL; CONDEÇO-MELHORADO;LEDUC, 2015). Additionally, Nicolau and Santa-María (2012), along with Franke (2007) and Pereira and Caetano (2015) pointed out the need to match the pace of innovation of airlines in the operations and their evolving business models. Furthermore, Heracleous and Wirtz (2009) highlighted that airlines have innovation strategies of their own that must be matched, while Grahamn, Hall and Morales (2014) and Slayton and Spinardi (2016) noted that the changing characteristics of aircrafts often require adjustments at airports.…”

Section: Introductionmentioning

confidence: 99%

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Model for measuring airport innovation

Caetano

Alves

2021

Rev. Bras. Inov.

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Identifying and measuring innovation at airports becomes necessary not only to point out theelements of its management or infrastructure to be improved, but also to raise opportunities for innovation, with the aim to collaborate for the best efficiency of air transport. In this sense, this study concerns innovation management applied to airports given the limitations in the state of the art related to measuring innovation in this type of organization. The integrated perception of different airport stakeholders has been collected from a survey with 70 Brazilian professionals specialized in the subject, namely researchers, airports, airlines, and the aeronautics industry managers, in a proposal to measure the level of airport innovation from different indicators. The results proposed an algorithm for an Airport Integrated Innovation Index (AI3), composed by 38 measurable variables related to innovation practices, procedures, and infrastructure elements such as new biometric passenger identification systems, real-time passenger flight tracking systems, new types of runway pavement, and actions to reduce airport operational restrictions. This model can be used in airports of different categories (national or international) and sizes (small, medium, or large). It may be adapted for different countries and contexts according to their markets and organizational cultures.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Model for measuring airport innovation

Caetano

Alves

2021

Rev. Bras. Inov.

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“…Explore how firm characteristics could impact investment in sustainability and vice versa. Study Abdi et al ( 2021 ); Rambaud et al ( 2021 ); Rotaris et al ( 2020 ); Abdi et al ( 2020 ), Racine et al ( 2018 ), Shaari et al ( 2020 ), Sonnenschein and Smedby ( 2018 ), Goding et al ( 2018 ), Choi and Ritchie ( 2014 ), Nicolau and Santa-María ( 2012a ), Nicolau and Santa-María ( 2012b ), Azar and Johansson ( 2012 ), Lu and Shon ( 2012 ), Kang et al (2010), MacKerron et al ( 2009 ), Baarsma and Lambooy ( 2005 ), Lee and Moon ( 2018 ), Choi et al ( 2018 ), Karaman et al ( 2018 ), Kim et al ( 2017 ), Lee et al ( 2017 ), Moon et al ( 2016 ), Choi ( 2014 ), Suksmith and Nitivattananon ( 2015 ), Kauffman et al ( 2015 ), Carpentier and Suret ( 2015 ), Jou and Chen ( 2015 ), Schipper et al ( 2001 ), Clarke et al ( 1999 ), Corte and Gaudio ( 2014 ), Schipper et al ( 1998 ). Topic area Customer relationship and marketing Impact variable Marketing productivity, demand type price sensitivity, security policy, willingness to pay (WTP) for business class seats, social media word-of-mouth (WOM), financial value of the frequent flyer members, third party customer complaints, passengers’ valuations on airline service attributes using stated preference analysis, Method Survey, finite mixture structure individuals, panel data Main finding Dynamic marketing productivity (DMP) : It is argued that DMP could potentially offer some competitive advantage for an airline.…”

Section: Assessment Of the Selected Publicationsmentioning

confidence: 99%

Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19

Abdi

Càmara‐Turull

2023

Humanit Soc Sci Commun

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To date, there has been limited research undertaken into firm value determinants in the air transport industry, one of the most essential sectors for global business. In view of this, in this study, we review and synthesise the literature that focuses on the value of firms in this sector and discuss conceptually and empirically the determinants influencing airlines’ stock values. Our main objective is to widen our understanding of the current state of research on the firm value of air transport companies. Using the systematic literature review (SLR) approach, we classify 173 papers published from 1984 to 2021. We find considerable changes in academic interest in the topic over the time period analysed, especially as a consequence of crisis-induced market crashes. In addition, we classify the main research themes relating to airlines’ market value, identify gaps, and introduce potential future research avenues in this area. Among the themes identified, the adjustment in the industry-level factors such as alliances, market structure and competition were the most common source of fluctuations in airlines’ stock value. However, we find shifting to sustainability initiatives and its consequence for stakeholders’ value as one of the most discussed topics in this context. The trend has gained attention since early 2020 due to the emergence of the Covid-19 pandemic as companies are looking for green and sustainable ways to protect the value in crisis time. Our findings assist transportation researchers and executives in addressing major value drivers of airline firms.

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“…According to Nicolau and Santa-María (2012), the air transportation has seen the recent collapse of new and traditional companies, with a new wave of mergers as well as micro and macro factors including bank credit restrictions, economic recession and volatile prices fuel.…”

Section: Introductionmentioning

confidence: 99%

Business Model Innovation in Airlines

Pereira

Caetano

2017

Int. J. Innov.

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The business models innovation in airlines can contribute to the creation of value, competitive advantage and profitability with new possibilities of action. The proposed paper aimed to identify the business models adopted by airlines and identify how the innovation occurs at these organizations. The methodology adopted is characterized as empirical, exploratory and descriptive research by multiple case study with three major Brazilian airlines. The results demonstrate that the search for paradigm breaks, related to the dichotomic traditional models of low-cost and full-service, toward hybrid business models occur linearly, as examples highlighted by companies, in which internal changes in business models are considered major organizational innovations.

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Effect of innovation on airlines' operating leverage: A Spanish case study

Cited by 12 publications

References 6 publications

Model for measuring airport innovation

Model for measuring airport innovation

Firm value in the airline industry: perspectives on the impact of sustainability and Covid-19

Business Model Innovation in Airlines

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