Benchmarking the performance of Chinese airlines: An investigation of productivity,yield and cost competitiveness |
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| Affiliation: | 1. Department of Logistics and Maritime Studies, The Hong Kong Polytechnic University, Hong Kong;2. Academy of Civil Aviation Science and Technology, Beijing, PR China;3. Institute of Transport and Logistics Studies, The University of Sydney, 173-175 Phillip Street, Sydney CBD, NSW 2000, Australia;4. School of Economics, Peking University, Beijing, PR China;1. School of Economics and Finance, Queensland University of Technology, Brisbane, Queensland, Australia;2. Department of Accounting, Finance and Economics, Griffith University, Nathan, Queensland, Australia;1. Ningbo Supply Chain Innovation Institute of China (NSCIIC) and MIT-Global Scale Network, China;2. Sauder School of Business, University of British Columbia, Canada;1. Department of Spatial Economics, VU University Amsterdam, De Boelelaan 1105, 1081 HV Amsterdam, The Netherlands;2. Tinbergen Institute, Gustav Mahlerplein 117, 1082 MS Amsterdam, The Netherlands;1. University of Liege, HEC-Management School, 4000 Liege, Belgium;2. Georgia Institute of Technology, School of Civil and Environmental Engineering, 790 Atlantic Drive, Atlanta, GA 30332-0355, United States;3. Georgia Institute of Technology, Ernest Scheller Jr. College of Business, 800 West Peachtree NW, Atlanta, GA 30308, United States;4. National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138, United States;5. Cambridge Systematics, Inc. 115 South LaSalle Street, Suite 2200, Chicago, IL 60603, United States;1. Centre for Aviation Research, School of Hospitality and Tourism Management, University of Surrey, Guildford, Surrey, GU2 7XH, UK;2. Centre for Air Transport, Cranfield University, Bedford, MK43 0AL, UK;3. School of Aviation and Security, Buckinghamshire New University, High Wycombe Campus, Queen Alexandra Road, HP11 2JZ, UK;4. DCU Business School, Dublin City University, Dublin 9, Ireland |
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| Abstract: | In the past decade, the Chinese airline industry experienced extraordinary growth in size and profitability. However, no quantitative study has investigated the performance of Chinese airlines in terms of productivity and cost competitiveness. This study investigates the leading Chinese airlines' productivity, yield, cost competitiveness and input prices, and benchmarks them against major airlines around the world. It finds that Chinese airlines' productivity has improved significantly in the past decade but still lags behind that of industry leaders. Chinese carriers enjoyed high yields and low input prices in the domestic market, which led to high profitability in recent years. However, their cost advantage has been diminishing. To sustain long-term growth, Chinese airlines need to adopt the industry's best practices in a timely manner. Both the aviation markets and input markets in China should be further liberalized. |
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| Keywords: | Chinese airlines Airline productivity Yields Unit cost competitiveness |
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