Volodymyr Bilotkach is an Associate Professor at Purdue University. He is Associate Editor of the Journal of Air Transport Management and serves on the Editorial Board of Research in Transportation Economics. He has published extensively on airline economics, including airline alliances and mergers, airport regulation and the distribution of airline tickets, and has advised the European Commission on policy issues in the aviation sector.

• IntroductionPART I Demand and Cost1. Demand for air travel2. Cost3. Airline pricingPART II Airline Markets4. Market structure5. Competition and consolidation6. Alliances and joint ventures7. Regulation and deregulation8. Aviation safety and securityPART III External Effects of Aviation9. Congestion and delays10. Air and noise pollution11. Decarbonizing aviation12. Positive benefitsPART IV Economics of Related Markets13. Airports14. Air navigation services15. Aircraft leasing16. Aircraft manufacturing

This updated edition of The Economics of Airlines offers a solid and well-structured introduction to the key economic forces shaping the airline industry. The author effectively explains complex concepts, drawing on both theoretical foundations and industry practices. The inclusion of recent developments, such as the impact of Covid-19, the growing importance of cargo, changes in cost structures, and environmental constraints, makes the book particularly relevant today. The chapters on pricing, competition, and regulatory frameworks are especially strong, with clear explanations and up-to-date examples. We use this book for our Advanced Master’s students in Air Transport Management. However, it could also be easily used by students in transport management, as well as professionals seeking a concise yet comprehensive overview of how airlines operate within a challenging economic environment.