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Implementation of deregulation and liberalisation processes of the air transport industry significantly changed market conditions worldwide. Increased competition in the air transport industry forced airlines to create innovative responding strategy and optimal appropriate business model. Many airlines worldwide emerged, expanded and disappeared ov...
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... should be emphasized that the freight yield is gradually declining, which is evident from the Association of European Airlines (AEA, 2015 95) member's reports (Figure 1). Figure 1. AEA member's real freight yield in the period 2000 -2014 Summarizing the financial statements in the period from 2003 to 2010, cargo airline operators achieved an operating margin of +5.2 percent but a negative net margin of one percent (Morrell, 2013: 11 Figure 2 (IdeaWorksCompany, 2016a). Analyzing the results average annual growth rate of 20 percent was achieved, which is much more successful compared to average annual growth rate of airline revenues for the same period (3.7 percent). ...
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