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The impact of strategic management and fleet planning on airline efficiency - A random effects Tobit model based on DEA efficiency scores

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Cited by:

  1. Zhang, Guanglu & Lin, Boqiang, 2018. "Impact of structure on unified efficiency for Chinese service sector—A two-stage analysis," Applied Energy, Elsevier, vol. 231(C), pages 876-886.
  2. Seufert, Juergen Heinz & Arjomandi, Amir & Dakpo, K. Hervé, 2017. "Evaluating airline operational performance: A Luenberger-Hicks-Moorsteen productivity indicator," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 104(C), pages 52-68.
  3. Brida, Juan Gabriel & Deidda, Manuela & Pulina, Manuela, 2014. "Tourism and transport systems in mountain environments: analysis of the economic efficiency of cableways in South Tyrol," Journal of Transport Geography, Elsevier, vol. 36(C), pages 1-11.
  4. Holden, R. & Xu, B. & Greening, P. & Piecyk, M. & Dadhich, P., 2016. "Towards a common measure of greenhouse gas related logistics activity using data envelopment analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 105-119.
  5. Merkert, Rico & Swidan, Hassan, 2019. "Flying with(out) a safety net: Financial hedging in the airline industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 206-219.
  6. O'Connell, John F. & Avellana, Raquel Martinez & Warnock-Smith, David & Efthymiou, Marina, 2020. "Evaluating drivers of profitability for airlines in Latin America: A case study of Copa Airlines," Journal of Air Transport Management, Elsevier, vol. 84(C).
  7. Yakath Ali, Nurul Syuhadah & Yu, Chunyan & See, Kok Fong, 2021. "Four decades of airline productivity and efficiency studies: A review and bibliometric analysis," Journal of Air Transport Management, Elsevier, vol. 96(C).
  8. Albers, Sascha & Daft, Jost & Stabenow, Sebastian & Rundshagen, Volker, 2020. "The long-haul low-cost airline business model: A disruptive innovation perspective," Journal of Air Transport Management, Elsevier, vol. 89(C).
  9. Nikos Chatzistamoulou & Phoebe Koundouri, 2020. "Environmental Efficiency, Productive Performance and Spillover Effects under heterogeneous Environmental Awareness Regimes," DEOS Working Papers 2013, Athens University of Economics and Business.
  10. Saranga, Haritha & Nagpal, Rajiv, 2016. "Drivers of operational efficiency and its impact on market performance in the Indian Airline industry," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 165-176.
  11. Duygun, Meryem & Prior, Diego & Shaban, Mohamed & Tortosa-Ausina, Emili, 2016. "Disentangling the European airlines efficiency puzzle: A network data envelopment analysis approach," Omega, Elsevier, vol. 60(C), pages 2-14.
  12. Chuanxu Wang & Xiaohan Dou & Hercules Haralambides, 2022. "Port centrality and the Composite Connectivity Index: Introducing a new concept in assessing the attractiveness of hub ports," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(1), pages 67-91, March.
  13. Ki Han Song & Solsaem Choi & Ik Hyun Han, 2020. "Competitiveness Evaluation Methodology for Aviation Industry Sustainability Using Network DEA," Sustainability, MDPI, vol. 12(24), pages 1-16, December.
  14. Zou, Bo & Elke, Matthew & Hansen, Mark & Kafle, Nabin, 2014. "Evaluating air carrier fuel efficiency in the US airline industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 306-330.
  15. Cao, Qian & Lv, Jinfeng & Zhang, Jun, 2015. "Productivity efficiency analysis of the airlines in China after deregulation," Journal of Air Transport Management, Elsevier, vol. 42(C), pages 135-140.
  16. Arjomandi, Amir & Dakpo, K. Hervé & Seufert, Juergen Heinz, 2018. "Have Asian airlines caught up with European Airlines? A by-production efficiency analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 116(C), pages 389-403.
  17. Li, Ye & Wang, Yan-zhang & Cui, Qiang, 2015. "Evaluating airline efficiency: An application of Virtual Frontier Network SBM," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 81(C), pages 1-17.
  18. Chang, Young-Tae & Lee, Suhyung & Park, Hyosoo (Kevin), 2017. "Efficiency analysis of major cruise lines," Tourism Management, Elsevier, vol. 58(C), pages 78-88.
  19. George E. Halkos & Nickolaos G. Tzeremes, 2015. "Measuring Seaports' Productivity: A Malmquist Productivity Index Decomposition Approach," Journal of Transport Economics and Policy, University of Bath, vol. 49(2), pages 355-376, April.
  20. Li, Ye & Wang, Yan-zhang & Cui, Qiang, 2016. "Has airline efficiency affected by the inclusion of aviation into European Union Emission Trading Scheme? Evidences from 22 airlines during 2008–2012," Energy, Elsevier, vol. 96(C), pages 8-22.
  21. Wanke, Peter & Barros, C.P., 2016. "Efficiency in Latin American airlines: A two-stage approach combining Virtual Frontier Dynamic DEA and Simplex Regression," Journal of Air Transport Management, Elsevier, vol. 54(C), pages 93-103.
  22. Mallikarjun, Sreekanth, 2015. "Efficiency of US airlines: A strategic operating model," Journal of Air Transport Management, Elsevier, vol. 43(C), pages 46-56.
  23. Barak, Sasan & Dahooei, Jalil Heidary, 2018. "A novel hybrid fuzzy DEA-Fuzzy MADM method for airlines safety evaluation," Journal of Air Transport Management, Elsevier, vol. 73(C), pages 134-149.
  24. Laharish Guntuka, 2022. "Inter-Firm ESG Rivalry: A Competitive Dynamics View," Sustainability, MDPI, vol. 14(20), pages 1-17, October.
  25. Aziz Kutlar & Ali Kabasakal & Murat Sarikaya, 2013. "Determination of the efficiency of the world railway companies by method of DEA and comparison of their efficiency by Tobit analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(6), pages 3575-3602, October.
  26. Ha, Hun Koo & Kaneko, Shinji & Yamamoto, Masashi & Yoshida, Yuichiro & Zhang, Anming, 2017. "On the discrepancy in the social efficiency measures between parametric and non-parametric production technology identification," Journal of Air Transport Management, Elsevier, vol. 58(C), pages 9-14.
  27. Narcizo, Rodolfo R. & Oliveira, Alessandro V.M. & Dresner, Martin E., 2020. "An empirical model of airline fleet standardization in Brazil: Assessing the dynamic impacts of mergers with an events study," Transport Policy, Elsevier, vol. 97(C), pages 149-160.
  28. Cui, Qiang & Li, Ye, 2015. "Evaluating energy efficiency for airlines: An application of VFB-DEA," Journal of Air Transport Management, Elsevier, vol. 44, pages 34-41.
  29. Delbari, Seyyed Ali & Ng, Siew Imm & Aziz, Yuhanis Abdul & Ho, Jo Ann, 2016. "An investigation of key competitiveness indicators and drivers of full-service airlines using Delphi and AHP techniques," Journal of Air Transport Management, Elsevier, vol. 52(C), pages 23-34.
  30. Xiaowei Song & Yongpei Hao & Xiaodong Zhu, 2015. "Analysis of the Environmental Efficiency of the Chinese Transportation Sector Using an Undesirable Output Slacks-Based Measure Data Envelopment Analysis Model," Sustainability, MDPI, vol. 7(7), pages 1-20, July.
  31. Bozana Zekan & Irem Önder & Ulrich Gunter, 2019. "Benchmarking of Airbnb listings: How competitive is the sharing economy sector of European cities?," Tourism Economics, , vol. 25(7), pages 1029-1046, November.
  32. Cavaignac, Laurent & Petiot, Romain, 2017. "A quarter century of Data Envelopment Analysis applied to the transport sector: A bibliometric analysis," Socio-Economic Planning Sciences, Elsevier, vol. 57(C), pages 84-96.
  33. Tavassoli, Mohammad & Faramarzi, Gholam Reza & Farzipoor Saen, Reza, 2014. "Efficiency and effectiveness in airline performance using a SBM-NDEA model in the presence of shared input," Journal of Air Transport Management, Elsevier, vol. 34(C), pages 146-153.
  34. Bilotkach, Volodymyr & Gitto, Simone & Jovanović, Radosav & Mueller, Juergen & Pels, Eric, 2015. "Cost-efficiency benchmarking of European air navigation service providers," Transportation Research Part A: Policy and Practice, Elsevier, vol. 77(C), pages 50-60.
  35. Huang, Fei & Zhou, Dequn & Hu, Jin-Li & Wang, Qunwei, 2020. "Integrated airline productivity performance evaluation with CO2 emissions and flight delays," Journal of Air Transport Management, Elsevier, vol. 84(C).
  36. Zhang, Junfeng & Fang, Hong & Wang, Hongxia & Jia, Mingshun & Wu, Junjie & Fang, Siran, 2017. "Energy efficiency of airlines and its influencing factors: A comparison between China and the United States," Resources, Conservation & Recycling, Elsevier, vol. 125(C), pages 1-8.
  37. Cui, Qiang & Li, Ye, 2017. "Airline efficiency measures using a Dynamic Epsilon-Based Measure model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 100(C), pages 121-134.
  38. Cui, Qiang & Li, Ye & Wei, Yi-Ming, 2017. "Exploring the impacts of EU ETS on the pollution abatement costs of European airlines: An application of Network Environmental Production Function," Transport Policy, Elsevier, vol. 60(C), pages 131-142.
  39. Merkert, Rico & Mulley, Corinne & Hakim, Md Mahbubul, 2018. "Trade-offs between transaction cost, operation cost and innovation in the context of procurement and asset specificity – The example of the bus industry," Research in Transportation Economics, Elsevier, vol. 69(C), pages 173-179.
  40. Sun, Qinghe & Chen, Li & Meng, Qiang, 2022. "Evaluating port efficiency dynamics: A risk-based approach," Transportation Research Part B: Methodological, Elsevier, vol. 166(C), pages 333-347.
  41. Lázaro Florido-Benítez, 2023. "A Bibliometric Overview of the International Airports and Airlines ‘IAA’ Topic in Journals and Scientific Community," Logistics, MDPI, vol. 7(3), pages 1-25, June.
  42. Wang, Chia-Nan & Nguyen, Xuan-Tho & Le, Thi-Dao & Hsueh, Ming-Hsien, 2018. "A partner selection approach for strategic alliance in the global aerospace and defense industry," Journal of Air Transport Management, Elsevier, vol. 69(C), pages 190-204.
  43. Chen, Ya & Li, Yongjun & Liang, Liang & Salo, Ahti & Wu, Huaqing, 2016. "Frontier projection and efficiency decomposition in two-stage processes with slacks-based measures," European Journal of Operational Research, Elsevier, vol. 250(2), pages 543-554.
  44. Cui, Qiang, 2019. "Investigating the airlines emission reduction through carbon trading under CNG2020 strategy via a Network Weak Disposability DEA," Energy, Elsevier, vol. 180(C), pages 763-771.
  45. Chia-Nan Wang & Thanh-Tuan Dang & Ngoc-Ai-Thy Nguyen & Thi-Thu-Hong Le, 2020. "Supporting Better Decision-Making: A Combined Grey Model and Data Envelopment Analysis for Efficiency Evaluation in E-Commerce Marketplaces," Sustainability, MDPI, vol. 12(24), pages 1-24, December.
  46. Chen, Zhongfei & Tzeremes, Panayiotis & Tzeremes, Nickolaos G., 2018. "Convergence in the Chinese airline industry: A Malmquist productivity analysis," Journal of Air Transport Management, Elsevier, vol. 73(C), pages 77-86.
  47. Veronese da Silva, Aline & Costa, Marcelo Azevedo & Lopes-Ahn, Ana Lúcia, 2022. "Accounting multiple environmental variables in DEA energy transmission benchmarking modelling: The 2019 Brazilian case," Socio-Economic Planning Sciences, Elsevier, vol. 80(C).
  48. Merkert, Rico & Williams, George, 2013. "Determinants of European PSO airline efficiency – Evidence from a semi-parametric approach," Journal of Air Transport Management, Elsevier, vol. 29(C), pages 11-16.
  49. Barros, Carlos P. & Liang, Qi Bin & Peypoch, Nicolas, 2013. "The technical efficiency of US Airlines," Transportation Research Part A: Policy and Practice, Elsevier, vol. 50(C), pages 139-148.
  50. Liu, Dan & Zhang, Jiahuang & Yu, Ming-Miin, 2023. "Decomposing airline profit inefficiency in NDEA through the non-competitive Nerlovian profit inefficiency model," Journal of Air Transport Management, Elsevier, vol. 107(C).
  51. Chang, Young-Tae & Zhang, Ning & Danao, Denise & Zhang, Nan, 2013. "Environmental efficiency analysis of transportation system in China: A non-radial DEA approach," Energy Policy, Elsevier, vol. 58(C), pages 277-283.
  52. Kyuwan Choi & Jinkwon Kim, 2024. "Measuring Hotel Service Productivity Using Two-Stage Network DEA," Sustainability, MDPI, vol. 16(20), pages 1-24, October.
  53. Kanghwa Choi & DonHee Lee & David Olson, 2015. "Service quality and productivity in the U.S. airline industry: a service quality-adjusted DEA model," Service Business, Springer;Pan-Pacific Business Association, vol. 9(1), pages 137-160, March.
  54. Veysi Asker, 2024. "Financial Performance Analysis Using the Merec-Based Cobra Method: An Application to Traditional and Low-Cost Airlines," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 35-52.
  55. Simar, Léopold & Wilson, Paul W., 2020. "Technical, allocative and overall efficiency: Estimation and inference," European Journal of Operational Research, Elsevier, vol. 282(3), pages 1164-1176.
  56. Swidan, Hassan & Merkert, Rico, 2019. "The relative effect of operational hedging on airline operating costs," Transport Policy, Elsevier, vol. 80(C), pages 70-77.
  57. Alsaleh, Mohd & Abdul-Rahim, A.S., 2018. "Determinants of cost efficiency of bioenergy industry: Evidence from EU28 countries," Renewable Energy, Elsevier, vol. 127(C), pages 746-762.
  58. Barros, Carlos Pestana & Wanke, Peter, 2015. "An analysis of African airlines efficiency with two-stage TOPSIS and neural networks," Journal of Air Transport Management, Elsevier, vol. 44, pages 90-102.
  59. Kan Tsui, Wai Hong & Balli, Hatice Ozer & Gilbey, Andrew & Gow, Hamish, 2014. "Operational efficiency of Asia–Pacific airports," Journal of Air Transport Management, Elsevier, vol. 40(C), pages 16-24.
  60. Pearson, James & Merkert, Rico, 2014. "Airlines-within-airlines: A business model moving East," Journal of Air Transport Management, Elsevier, vol. 38(C), pages 21-26.
  61. Kappes, Jan Willem & Merkert, Rico, 2013. "Barriers to entry into European aviation markets revisited: A review and analysis of managerial perceptions," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 57(C), pages 58-69.
  62. Zeng, Shihong & Jiang, Chunxia & Ma, Chen & Su, Bin, 2018. "Investment efficiency of the new energy industry in China," Energy Economics, Elsevier, vol. 70(C), pages 536-544.
  63. Montacer Ben Cheikh Larbi & Sina Belkhiria, 2024. "Absolute Technical Efficiency Indices," Papers 2404.04590, arXiv.org.
  64. Cui, Qiang & Li, Ye & Yu, Chen-lu & Wei, Yi-Ming, 2016. "Evaluating energy efficiency for airlines: An application of Virtual Frontier Dynamic Slacks Based Measure," Energy, Elsevier, vol. 113(C), pages 1231-1240.
  65. Yu, Ming-Miin & Chang, Yu-Chun & Chen, Li-Hsueh, 2016. "Measurement of airlines’ capacity utilization and cost gap: Evidence from low-cost carriers," Journal of Air Transport Management, Elsevier, vol. 53(C), pages 186-198.
  66. Carol C. Huang & Chris C. Hsu & Emilio Collar, 2021. "An Evaluation of the Operational Performance and Profitability of the U.S. Airlines," International Journal of Global Business and Competitiveness, Springer, vol. 16(2), pages 73-85, December.
  67. Gramani, Maria Cristina N., 2011. "Impact of regional airline’s efficiency: a country-specific study over successive time periods," Insper Working Papers wpe_259, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
  68. Kottas, Angelos T. & Madas, Michael A., 2018. "Comparative efficiency analysis of major international airlines using Data Envelopment Analysis: Exploring effects of alliance membership and other operational efficiency determinants," Journal of Air Transport Management, Elsevier, vol. 70(C), pages 1-17.
  69. Chen, Zhongfei & Wanke, Peter & Antunes, Jorge Junio Moreira & Zhang, Ning, 2017. "Chinese airline efficiency under CO2 emissions and flight delays: A stochastic network DEA model," Energy Economics, Elsevier, vol. 68(C), pages 89-108.
  70. Merkert, Rico & Ploix, Boris, 2014. "The impact of terminal re-organisation on belly-hold freight operation chains at airports," Journal of Air Transport Management, Elsevier, vol. 36(C), pages 78-84.
  71. Merkert, Rico & Assaf, A. George, 2015. "Using DEA models to jointly estimate service quality perception and profitability – Evidence from international airports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 75(C), pages 42-50.
  72. Amir Moradi-Motlagh & Ali Emrouznejad, 2022. "The origins and development of statistical approaches in non-parametric frontier models: a survey of the first two decades of scholarly literature (1998–2020)," Annals of Operations Research, Springer, vol. 318(1), pages 713-741, November.
  73. Aydın, Umut & Karadayi, Melis Almula & Ülengin, Füsun, 2020. "How efficient airways act as role models and in what dimensions? A superefficiency DEA model enhanced by social network analysis," Journal of Air Transport Management, Elsevier, vol. 82(C).
  74. Tsionas, Mike G. & Chen, Zhongfei & Wanke, Peter, 2017. "A structural vector autoregressive model of technical efficiency and delays with an application to Chinese airlines," Transportation Research Part A: Policy and Practice, Elsevier, vol. 101(C), pages 1-10.
  75. Kamruzzaman, Md. & Shatu, Farjana & Habib, Khandker Nurul, 2020. "Travel behaviour in Brisbane: Trends, saturation, patterns and changes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 140(C), pages 231-250.
  76. Leonard A. Jackson, 2015. "Market Reaction to Bidder Announcements of Horizontal Mergers in an Oligopolistic Industry: Evidence from the US Airline Industry," Tourism Economics, , vol. 21(6), pages 1255-1271, December.
  77. Tanrıverdi, Gökhan & Merkert, Rico & Karamaşa, Çağlar & Asker, Veysi, 2023. "Using multi-criteria performance measurement models to evaluate the financial, operational and environmental sustainability of airlines," Journal of Air Transport Management, Elsevier, vol. 112(C).
  78. Young-Tae Chang & Nan Zhang, 2017. "Environmental efficiency of transportation sectors in China and Korea," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(1), pages 68-93, March.
  79. Singh, Jagroop & Sharma, Somesh Kumar & Srivastava, Rajnish, 2019. "What drives Indian Airlines operational expense: An econometric model," Journal of Air Transport Management, Elsevier, vol. 77(C), pages 32-38.
  80. Tianbo Tang & Jianxin You & Hui Sun & Hao Zhang, 2019. "Transportation Efficiency Evaluation Considering the Environmental Impact for China’s Freight Sector: A Parallel Data Envelopment Analysis," Sustainability, MDPI, vol. 11(18), pages 1-24, September.
  81. Li, Ye & Cui, Qiang, 2018. "Airline efficiency with optimal employee allocation: An Input-shared Network Range Adjusted Measure," Journal of Air Transport Management, Elsevier, vol. 73(C), pages 150-162.
  82. Holmgren, Johan, 2013. "The efficiency of public transport operations – An evaluation using stochastic frontier analysis," Research in Transportation Economics, Elsevier, vol. 39(1), pages 50-57.
  83. Merkert, Rico & Hensher, David A., 2013. "Regulation, trust and contractual incentives around transport contracts – Is there anything bus operators can learn from public air service contracts?," Research in Transportation Economics, Elsevier, vol. 39(1), pages 67-78.
  84. Wanke, Peter & Pestana Barros, Carlos & Chen, Zhongfei, 2015. "An analysis of Asian airlines efficiency with two-stage TOPSIS and MCMC generalized linear mixed models," International Journal of Production Economics, Elsevier, vol. 169(C), pages 110-126.
  85. Merkert, Rico & Morrell, Peter S., 2012. "Mergers and acquisitions in aviation – Management and economic perspectives on the size of airlines," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(4), pages 853-862.
  86. Nguyen, Minh-Anh Thi & Yu, Ming-Miin & Lirn, Taih-Cherng, 2022. "Revenue efficiency across airline business models: A bootstrap non-convex meta-frontier approach," Transport Policy, Elsevier, vol. 117(C), pages 108-117.
  87. Cui, Qiang & Li, Ye, 2017. "Airline efficiency measures under CNG2020 strategy: An application of a Dynamic By-production model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 130-143.
  88. Tanrıverdi, Gökhan & Bakır, Mahmut & Merkert, Rico, 2020. "What can we learn from the JATM literature for the future of aviation post Covid-19? - A bibliometric and visualization analysis," Journal of Air Transport Management, Elsevier, vol. 89(C).
  89. Dewita, Yulia & Yen, Barbara T.H. & Burke, Matthew, 2018. "The effect of transport cost on housing affordability: Experiences from the Bandung Metropolitan Area, Indonesia," Land Use Policy, Elsevier, vol. 79(C), pages 507-519.
  90. Zou, Li & Reynolds-Feighan, Aisling & Yu, Chunyan, 2022. "Airline seasonality: An explorative analysis of major low-cost carriers in Europe and the United States," Journal of Air Transport Management, Elsevier, vol. 105(C).
  91. Friesner, Daniel & Mittelhammer, Ron & Rosenman, Robert, 2013. "Inferring the incidence of industry inefficiency from DEA estimates," European Journal of Operational Research, Elsevier, vol. 224(2), pages 414-424.
  92. Nithyashree, M L, 2021. "The role of the macro environment and firm-specific characteristics in improving the resource use efficiency of the Indian food processing industry," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 34(Conferenc), October.
  93. Chaouk, Mohammed & Pagliari, Dr Romano & Moxon, Richard, 2020. "The impact of national macro-environment exogenous variables on airport efficiency," Journal of Air Transport Management, Elsevier, vol. 82(C).
  94. Heshmati, Almas & C. Kumbhakar, Subal & Kim, Jungsuk, 2016. "Persistent and Transient Efficiency of International Airlines," Working Paper Series in Economics and Institutions of Innovation 444, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  95. Jorge Antunes & Abdollah Hadi-Vencheh & Ali Jamshidi & Yong Tan & Peter Wanke, 2022. "Bank efficiency estimation in China: DEA-RENNA approach," Annals of Operations Research, Springer, vol. 315(2), pages 1373-1398, August.
  96. Chia-Nan Wang & Tsang-Ta Tsai & Hsien-Pin Hsu & Le-Hoang Nguyen, 2019. "Performance Evaluation of Major Asian Airline Companies Using DEA Window Model and Grey Theory," Sustainability, MDPI, vol. 11(9), pages 1-20, May.
  97. Kuljanin, Jovana & Kalić, Milica & Caggiani, Leonardo & Ottomanelli, Michele, 2019. "A comparative efficiency and productivity analysis: Implication to airlines located in Central and South-East Europe," Journal of Air Transport Management, Elsevier, vol. 78(C), pages 152-163.
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