Thursday, April 25, 2019

Regarding "Airports and the Wealth of Cities"

Airports and the Wealth of Cities

If passengers is significant, but number of flights is not, that implies that success lies in having larger than average planes come in. Ie, a hub airport. Assuming that the the cost of flying is proportional to the square of size, while the passenger capacity is proportionate to the cube, larger planes offer lower seat-costs per passenger. Hence, the use of larger planes may also imply that the average seat-price to visit such an airport is lower. Status as a 'hub' airport also offers substantial accessibility benefits: More flights to more places, at greater frequencies, than for non-hub airports (ie, San Diego).

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