Assignment 1 (a)
Coco Cheung Man Ting z3489389
Abstract . 2
Introduction . 2
The Emergence and Development of LCCs in Asia . 2
Assessment of changing economics of Asian aviation . 4
Traffic Growth in Asia . 4
Flights going from Sydney and Melbourne to Guangzhou can then transfer to
other areas including Shanghai, Fuzhou, Xiamen, rmqi and Kunming. They
are all codeshare with the China Southern Airlines.
2 daily flights (22.15-
Perfect Competition: Lots of small producers, entry & exit are easy, consumers have full
awareness of all aspects of market, and buyers see services as identical.
Monopoly: Only in a regulated environment but they do exist in smaller markets.
Why study aviation economics? (To understand how the resources flow)
Example 1: Building the second Airport in Sydney
-Is the demand going to be sufficient to justify the high costs
-Demand forecasting is complicated
Example 2: Should Australia Government