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

dc.contributor.authorNicolau, Juan Luisen
dc.contributor.authorSanta-María, María Jesúsen
dc.date.accessioned2024-07-31T18:44:09Zen
dc.date.available2024-07-31T18:44:09Zen
dc.date.issued2012-12-01en
dc.description.abstractThis article assesses potential variations in the risk to an airline's market value resulting from incurring high investments in innovations. This can be important for airlines, whose large fixed costs and high operational leverage make their commercial viability heavily dependent on revenue flows. An empirical application in Spain shows that innovations lead to an increase in an airline's risk, via volatility, but this variation is not the same for all types of innovation: advanced consumer segmentation innovations are found to have a greater impact on sales than on fixed costs.en
dc.description.versionAccepted versionen
dc.format.extentPages 44-46en
dc.format.extent3 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1016/j.jairtraman.2012.08.001en
dc.identifier.issn0969-6997en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120806en
dc.identifier.volume25en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000311006400013&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=930d57c9ac61a043676db62af60056c1en
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectInnovationen
dc.subjectFirm valueen
dc.subjectAirlinesen
dc.subjectOperating leverageen
dc.titleEffect of innovation on airlines' operating leverage: A Spanish case studyen
dc.title.serialJournal of Air Transport Managementen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dc.type.otherJournalen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

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