TY - JOUR
T1 - Flying More Efficiently: Joint Impacts of Fuel Prices, Capital Costs and Fleet Size on Airline Fleet Fuel Economy
AU - Csereklyei, Zsuzsanna
AU - Stern, David
PY - 2020
Y1 - 2020
N2 - We investigate the factors that affect airlines' choice of fleet fuel economy using aircraft-level data for 1267 airlines in 174 countries. Larger and newer aircraft are usually more fuel-efficient. Controlling for the effect of aircraft size and age, we find that the technically achievable fleet fuel economy improves with the size of airlines and the price of fuel and worsens with higher capital costs. The elasticity of fuel economy with respect to the price of fuel is between −0.07 and −0.13. We find evidence for regional differences in fleet fuel economy that are attributable to the adoption of distinct groups of technologies
AB - We investigate the factors that affect airlines' choice of fleet fuel economy using aircraft-level data for 1267 airlines in 174 countries. Larger and newer aircraft are usually more fuel-efficient. Controlling for the effect of aircraft size and age, we find that the technically achievable fleet fuel economy improves with the size of airlines and the price of fuel and worsens with higher capital costs. The elasticity of fuel economy with respect to the price of fuel is between −0.07 and −0.13. We find evidence for regional differences in fleet fuel economy that are attributable to the adoption of distinct groups of technologies
U2 - 10.1016/j.ecolecon.2020.106714
DO - 10.1016/j.ecolecon.2020.106714
M3 - Article
VL - 175
SP - -
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
ER -