EAN: 9783836685771

RISK MANAGEMENT IN THE AIR CARGO INDUSTRY - PAU...

This paper discusses risk management approaches in the air cargo industry. It gives a concise
overview of developments  business practices and complexities of the air cargo industry and
draws cross-references to comparable industries. It introduces supply contracts for capacity
and the inherent risks in the shipping process. Based on that  approaches to mitigate risk are
studied. The work elaborates on the historically grown research field of revenue management and
puts emphasis on the discipline of overbooking in the air cargo sector. Capacity options and
financial intermediation are presented as more innovative approaches for capacity risk
management. The application of these various risk management methods is evaluated in an expert
study among air cargo industry professionals from different market perspectives. With that 
obstacles to the successful implementation are identified and potential solutions are named.

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