Abstract This paper sets forth the hypothesis that air travel demand is elastic with respect to airport access costs and that the distance of an airport from the city it serves has an impact on the volume of passanger traffic at the airport. As a test case, Houston's traffic with 50 city pairs is analyzed before the closing of Hobby Airport (12 miles from downtown Houston) and after the opening of the new Houston Intercontinental Airport (23 miles from downtown). It was found that short-haul traffic (under 300 miles) fell dramatically when passengers had to travel the longer distance to the new airport. Total trip cost (in 1968 constant dollars) is calculated for each pair, and the traffic loss for each city pair is estimated. From these figures, a range of elasticities is obtained. Applications for future airport planning are also discussed.
Elasticity of air travel demand with respect to airport access cost
1975-09-15
7 pages
Article (Journal)
Electronic Resource
English
Airport access and travel time uncertainty
TIBKAT | 1995
|Comparative Evaluations of Elasticity of Travel Demand
British Library Conference Proceedings | 2005
|The toll-price component of travel demand elasticity
British Library Online Contents | 2003
|Airport Access Road Traffic Demand Estimation
Trans Tech Publications | 2015
|