The hub concept in the Sample Clauses

The hub concept in the airline industry It has been recognized that the structure of hub networks now plays an important role in different industries. The concept of a hub has been used widely in the airline industry. Compared with other transportation modes, freight transport becomes more efficient by increasing the uses of hubs. The concept of a hub in the airline industry is that an airport used by several airline companies serves as a transfer point to get passengers to their intended destinations. Xxxxxxxx Xxxx (1999) indicates that a hub system not only increases the production efficiency but also contributes to get significant customer loyalty advantages through frequent flyer programs and non-stop services. The objective of airline operators is to maximize their profits by adopting the hub system. There is a possibility to expand the size of a hub system through mergers and alliances. From a cost point of view, there are two main advantages. The first advantage is less fixed cost or sunk cost with a new station. Second, the traffic density is much higher which results in higher load factor in different markets. Xxxx Xxxxx et al. (1998) note that a hub system is a dominant strategy under oligopoly market and could deter entry by other airlines. For instance, some airline companies deter entry even though they are not strong enough to occupy the whole market. A good strategy in this case is to cooperate with some companies to operate all the routes together and deter entry by other companies. Consequently, they would have a cost advantage for operating these flight routes. The unit cost of transporting a passenger or operating a flight on a specific market will be reduced. Moreover, the expansion of a hub network system would have impacted on flight routes in other market. To some extent, using a large multi-hub route network will become a competitive strategy in the airline industry (Xxxxxxxx Xxxx, 1999).
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