1998

2005

2012

Mean

s.e.

Mean

s.e.

Mean

s.e.

All Products

−1.6338*

0.0117

−1.1417*

0.0021

−1.1337*

0.0024

Type L Consumer

−5.3538*

0.1148

−4.5301*

0.0397

−5.2368*

0.0472

Type B Consumer

−0.6651*

0.0142

−0.6501*

0.0057

−0.7537*

0.0068

Legacy Carrier’s Products

−1.5742*

0.0123

−1.1400*

0.0021

−1.1366*

0.0031

Type L Consumer

−5.8127*

0.1211

−4.6714*

0.0457

−5.6101*

0.0571

Type B Consumer

−0.7221*

0.0150

−0.6704*

0.0066

−0.8074*

0.0082

LCC’s Products

−1.7799*

0.0146

−1.1415*

0.0026

−1.1230*

0.0023

Type L Consumer

−4.1389*

0.0881

−4.1666*

0.0343

−4.6440*

0.0367

Type B Consumer

−0.5144*

0.0109

−0.5980*

0.0049

−0.6684*

0.0053

Short-haul Distance

−1.7582*

0.0328

−1.1871*

0.0085

−1.1859*

0.0097

Mid-haul Distance

−1.7592*

0.0117

−1.1580*

0.0028

−1.1352*

0.0029

Long-haul Distance

−1.4865*

0.0126

−1.1199*

0.0022

−1.1245*

0.0043

No. of markets

Short-haul Distance

10

12

18

Mid-haul Distance

138

214

238

Long-haul Distance

126

185

142

Total

274

411

398