The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across the world prompting many national carriers to seek government bailouts, while smaller airlines collapsed. In this updated and expanded new edition Volodymyr Bilotkach explains the economic realities of the airline industry and the challenges that the sector now faces after the seismic impact of the Covid-19 pandemic. The impact of such a large-scale external shock on the industry is considered across each of its sectors and for each of its primary economic determinants. The book also includes new material on changes to cost structures, the pricing of add-on services, cargo, airport slot allocation and the impact of climate change. The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.
The incredible story of the creation of a continent--our continent-- from the acclaimed author of The Last Volcano and Mask of the Sun. The immense scale of geologic time is difficult to comprehend. Our lives--and the entirety of human history--are mere nanoseconds on this timescale. Yet we hugely influenced by the land we live on. From shales and fossil fuels, from lake beds to soil composition, from elevation to fault lines, what could be more relevant that the history of the ground beneath our feet? For most of modern history, geologists could say little more about why mountains grew than the obvious: there were forces acting inside the Earth that caused mountains to rise. But what were those forces? And why did they act in some places of the planet and not at others? When the theory of plate tectonics was proposed, our concept of how the Earth worked experienced a momentous shift. As the Andes continue to rise, the Atlantic Ocean steadily widens, and Honolulu creeps ever closer to Tokyo, this seemingly imperceptible creep of the Earth is revealed in the landscape all around us. But tectonics cannot--and do not--explain everything about the wonders of the North American landscape. What about the Black Hills? Or the walls of chalk that stand amongst the rolling hills of west Kansas? Or the fact that the states of Washington and Oregon are slowly rotating clockwise, and there a diamond mine in Arizona? It all points to the geologic secrets hidden inside the 2-billion-year-old-continental masses. A whopping ten times older than the rocky floors of the ocean, continents hold the clues to the long history of our planet. With a sprightly narrative that vividly brings this science to life, John Dvorak's How the Mountains Grew will fill readers with a newfound appreciation for the wonders of the land we live on.
We've all been told that thinking rationally is the key to success. But at the cutting edge of science, researchers are discovering that feeling is every bit as important as thinking. You make hundreds of decisions every day, from what to eat for breakfast to how you should invest, and not one of those decisions would be possible without emotion. It has long been said that thinking and feeling are separate and opposing forces in our behavior. But as Leonard Mlodinow, the best-selling author of Subliminal, tells us, extraordinary advances in psychology and neuroscience have proven that emotions are as critical to our well-being as thinking. How can you connect better with others? How can you make sense of your frustration, fear, and anxiety? What can you do to live a happier life? The answers lie in understanding your emotions. Journeying from the labs of pioneering scientists to real-world scenarios that have flirted with disaster, Mlodinow shows us how our emotions can help, why they sometimes hurt, and what we can learn in both instances. Using deep insights into our evolution and biology, Mlodinow gives us the tools to understand our emotions better and to maximize their benefits. Told with his characteristic clarity and fascinating stories, Emotional explores the new science of feelings and offers us an essential guide to making the most of one of nature's greatest gifts.
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