We estimated the benefits to a major international airline from use of specialist enhanced meteorological services for its flights operations based on the reduction of aviation fuel requirements. This involved the evaluation of the effect of use of aviation weather forecasts on fuel consumption of an airline by estimating a cost function with fuel expenditures as dependent variable. Independent variables were price of aviation fuel, output, airline capitalisation and fuel policy related to use of terminal aerodrome forecasts. Fuel price and output had positive impact while increased capitalisation had negative effect on fuel expenditures. The abandonment of the mandatory requirement for pilots to carry alternate fuel, in favour in carrying such extra fuel based on terminal aerodrome forecasts, saved between A$25 to 39 million annually.
|Number of pages||21|
|Journal||International Journal of Transport Economics|
|Issue number||2 y AR|
|Publication status||Published - 2000|