Previous estimates
Chapter 5 summarises the key findings from the review
undertaken by InterVISTAS Consulting Inc. of previous
academic studies that have estimated air travel demand
elasticities. It outlines the wide range of estimates that
have been produced, as well as the common themes
between the majority of the studies.
New evidence for air travel demand elasticities
Chapter 6 outlines the key findings from a comprehensive
econometric analysis of the data from three key air travel
data sources. The results from this analysis provide
important new evidence of the relevant demand elasticity
in different markets.
What does this mean for air transport policymakers?
Chapter 7 discusses how this new evidence can be applied
to air transport policy decisions. It provides guidelines
for the application of air travel demand elasticities for
different types of decisions. It helps to ensure that policy
decisions are made on the basis of appropriate and
reliable estimates of their impact on demand.
Chapter 8 provides a summary and conclusions.