Extreme weather events and the European aviation industry - an economic perspective

M Kreuz, Marko Nokkala

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

Abstract

This paper presents a calculation concerning the economic impacts of extreme weather events for the European aviation industry. These impacts were calculated for current situation and for future situation in 2040. Future calculations were based on climate change scenarios in terms of changes in probabilities for extreme weather events occurrence. Official figures for the value of time in the aviation industry and data from airport flight schedule as well as type of fleet were used to calculate the costs for major European airports. The airports selected also represent different climate zones, where current and future phenomena and frequency are diverging. Findings show that aviation industry is concerned with time costs affecting passengers, and costs of cancellations of flights on operators
Original languageEnglish
Title of host publicationWCTR 2013 Selected Proceedings
Number of pages16
Publication statusPublished - 2013
MoE publication typeB3 Non-refereed article in conference proceedings
Event13th World Conference on Transport Research, WCTR 2013 - Rio de Janeiro, Brazil
Duration: 15 Jul 201318 Jul 2013

Conference

Conference13th World Conference on Transport Research, WCTR 2013
Abbreviated titleWCTR
CountryBrazil
CityRio de Janeiro
Period15/07/1318/07/13

Keywords

  • Extreme weather phenomena
  • time costs
  • socio-economic analysis
  • aviation industry

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