Consequences of Slot Transactions on Airport Congestion and Environmental Protection

Recent trends in the liberalization of market access by many commercial airlines have opened the skies to virtually unlimited flights between many countries. However, this liberalization is stultified by the lack of airport capacity to accommodate the many flights that are generated by demand for capacity. Accordingly, the allocation of slots for open skies airlines remain dependent on the expansion and effective management of airport capacity. This article examines the ramifications of slot allocation on traffic peaking at airports and environmental concerns, which may emerge with this activity.