@article{ART003079098},
author={Soo-Ho Choi and JEONG IL CHOI},
title={A Study on the Rate of Change and Direction of Passengers by Major Airlines},
journal={Industry Promotion Research},
issn={2466-1139},
year={2024},
volume={9},
number={2},
pages={13-22},
doi={10.21186/IPR.2024.9.2.013}
TY - JOUR
AU - Soo-Ho Choi
AU - JEONG IL CHOI
TI - A Study on the Rate of Change and Direction of Passengers by Major Airlines
JO - Industry Promotion Research
PY - 2024
VL - 9
IS - 2
PB - Industrial Promotion Institute
SP - 13
EP - 22
SN - 2466-1139
AB - The purpose of this study is to derive passenger trends and change rates for each airline and identify directionality and synchronization phenomenon. Data by each airlines was collected from the National Statistics Forum of Statistics Korea, and we used a total of 156 monthly data from January 2011 to December 2023. In this study, the rate of change was calculated for domestic Full Service Carriers (Korean Air, Asiana Airlines) and Low Cost Carriers (Jeju Air, Jin Air, T'way, foreign airlines). As a result of the analysis, the correlation was found to be high for KOREA in that order: Asiana, Korean Air, Jeju Air, T'way, Jin Air, foreign airlines. The rate of increase was highest in that order: T'way, Jin Air, Jeju Air, foreign airlines, Asiana, Korean Air. In the Scatter analysis, Asiana and Korean Air showed a very strong synchronization with KOREA. In addition, Jeju Air, T'way, Jin Air and foreign airlines also showed the same direction toward KOREA to a certain degree. In the Box-Box Plot analysis, it was determined that each airline experienced a number of unusual sudden fluctuations due to the outbreak of COVID-19. Passengers have a wider range of choices due to the emergence of Low Cost Carriers, and as a result, expectations for airline service are increasing. Airlines will need to make appropriate environmental improvements to satisfy these needs for corporate development.
KW - Full Service Carriers;Low Cost Carriers;Rate of Change;Directionality;Synchronization Phenomenon
DO - 10.21186/IPR.2024.9.2.013
ER -
Soo-Ho Choi and JEONG IL CHOI. (2024). A Study on the Rate of Change and Direction of Passengers by Major Airlines. Industry Promotion Research, 9(2), 13-22.
Soo-Ho Choi and JEONG IL CHOI. 2024, "A Study on the Rate of Change and Direction of Passengers by Major Airlines", Industry Promotion Research, vol.9, no.2 pp.13-22. Available from: doi:10.21186/IPR.2024.9.2.013
Soo-Ho Choi, JEONG IL CHOI "A Study on the Rate of Change and Direction of Passengers by Major Airlines" Industry Promotion Research 9.2 pp.13-22 (2024) : 13.
Soo-Ho Choi, JEONG IL CHOI. A Study on the Rate of Change and Direction of Passengers by Major Airlines. 2024; 9(2), 13-22. Available from: doi:10.21186/IPR.2024.9.2.013
Soo-Ho Choi and JEONG IL CHOI. "A Study on the Rate of Change and Direction of Passengers by Major Airlines" Industry Promotion Research 9, no.2 (2024) : 13-22.doi: 10.21186/IPR.2024.9.2.013
Soo-Ho Choi; JEONG IL CHOI. A Study on the Rate of Change and Direction of Passengers by Major Airlines. Industry Promotion Research, 9(2), 13-22. doi: 10.21186/IPR.2024.9.2.013
Soo-Ho Choi; JEONG IL CHOI. A Study on the Rate of Change and Direction of Passengers by Major Airlines. Industry Promotion Research. 2024; 9(2) 13-22. doi: 10.21186/IPR.2024.9.2.013
Soo-Ho Choi, JEONG IL CHOI. A Study on the Rate of Change and Direction of Passengers by Major Airlines. 2024; 9(2), 13-22. Available from: doi:10.21186/IPR.2024.9.2.013
Soo-Ho Choi and JEONG IL CHOI. "A Study on the Rate of Change and Direction of Passengers by Major Airlines" Industry Promotion Research 9, no.2 (2024) : 13-22.doi: 10.21186/IPR.2024.9.2.013
