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Revista mexicana de economía y finanzas
On-line version ISSN 2448-6795Print version ISSN 1665-5346
Abstract
GARMENDIA MORA, Juan Carlos. Levels of competition in the domestic air transport market in Colombia. Rev. mex. econ. finanz [online]. 2020, vol.15, n.2, pp.227-240. Epub Nov 25, 2020. ISSN 2448-6795. https://doi.org/10.21919/remef.v15i2.367.
The objective was to study the level of competition that the domestic air transport market has reached in Colombia; a quantitative approach was developed, taking measurements of the main routes of the Colombian market; Price / Km and concentration levels were calculated using the Herfindahl - Hirschman (IHH) index; these two variables were correlated and contrasted with the domestic markets of nine countries. The colombian domestic market has a high concentration, Avianca is the dominant airline with 68.59 % of frequencies; The HHI for the colombian market is 5,549, which when compared to other countries is located in an intermediate position. Likewise, the price / km indicator of the colombian market is close to the average of the ten countries compared. Regarding the limitations, the sample of markets will be expanded in a second stage. There is no study that measures the concentration levels of domestic air transport in Colombia, using the IHH and taking the number of flight frequencies as data. In Colombia there is a balance achieved based on vigilance of the competent authorities and some prudent action by the airlines.
Keywords : A120; D430; M210; L130; L930; competition; air transport; markets; airlines; taxes and rates.