Embry-Riddle Aeronautical University
Presents an Airline Economics Seminar,
Survival of the fittest:
The impact of low-cost carriers on competition
Date: Wednesday, April 7, 2004
8:00 am - 12:15 pm EST
Location: National Press Club
Room TBD, 13th Floor
529 14th Street, NW
Washington, D.C. 20045
Cross-street: F Street, NW
Metro Center Metro
Hosted by:
Darryl Jenkins,
Visiting Professor,
Embry-Riddle Aeronautical University
See Jenkins' White Paper
(File is .pdf format, Adobe Acrobat required)
Agenda
8:00 am
|
Continental Breakfast |
8:30 am
Welcome and Keynote Address |
Daniel Petree
Dean, College of Business,
Embry-Riddle Aeronautical University
Michael E. Levine
Professor,
Yale Law School
See Levine's Power Point Presentation
|
|
9:15 am
Hubs vs. Point-to-Point:
Can the Market Support Both?
As competition becomes more intense between network and
low-cost carriers, many believe that traditional hub-and-spoke systems
have outlived their usefulness. Are there too many hubs? Would fewer
hubs mean fewer destinations served and higher fares? What impact
could point-to-point carriers have on competition and future regulatory
policy? |
CHAIR:
Darryl Jenkins
Visiting Professor,
Embry-Riddle Aeronautical University
PANELISTS:
Robert Gordon
Stanley G. Harris Professor,
Dept. of Economics, Northwestern University
See Gordon's Power Point Presentation
Daniel M. Kasper
Managing Director,
Law and Economics Consulting Group
See Kasper's Power Point Presentation
|
|
10:00 am
Pricing Shifts: Moving Towards
a Cost-Based Model
Low-cost carriers have changed the pricing landscape dramatically,
creating a shift from a demand-based to a cost-based pricing model.
What does this mean for network airlines, many of which continue
to grapple with high-costs? Will some carriers be in a position
to demand a premium price for a ticket? Is this the beginning of
the "de-commodization" of air travel? What does this mean
for consumers, who seek low fares? |
CHAIR:
Darryl Jenkins
PANELISTS:
Gary
Chase
Analyst,
Lehman Brothers
See Chase's Power Point Presentation
Vaughn Cordle
Chief Executive Officer,
Airlineforecasts, LLC
See Cordle's Power Point Presentation
|
|
| 10:45 am |
Coffee Break |
|
11:00 am
Government's Role: Ensuring Competition?
Since 2001, there has been a dramatic change in the competitive
landscape of the U.S. passenger airline industry. Traditional
network carriers have cut service, while low-cost carriers have
experienced phenomenal growth. To many, the industry continues
to face problems of overcapacity, which will prevent a lasting
recovery. How should this new reality impact regulatory policy?
Can we rely on the marketplace to determine winners and losers,
or does government play a role? |
CHAIR:
Michael E. Levine
PANELISTS:
Kenneth Button
Professor,
School of Public Policy,
George Mason University
See Button's Power Point Presentation
Chris Bertram
Senior Professional Staff,
Senate Committee on Commerce, Science and Transportation, Aviation
Subcommittee
See Bertram's Power Point Presentation
Patrick V. Murphy, Jr.
Partner,
Gerchick-Murphy Associates, LLC.
See Murphy's Power Point Presentation
|
|
11:45 am
Closing Remarks - Putting
it All Together |
Dan P. Kaplan
Senior Vice President,
Glassman-Oliver Economic Consultants
See Kaplan's Power Point Presentation
|
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12:15 pm
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Conference Ends |
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