BUSINESS MODEL OF REGIONAL AIRLINES

Thisstudyaims to identify key phenomena and regularities in the business models of regional airlines in the context of a decreasing number of players in this market despite the development of regional airport infrastructure. Since previous studies have focused on the analysis of supra-regional aviation, this paper focuses on specific elements of regional airline business models and the identification of key elements that are crucial for particular conditions on the aviation market. Thiswork contributes to development ofaviation management and specifically to the construction of business models, but can also be useful for practical implementations in small- or middle-size airlines. Thisresearch is qualitative in nature, based mostly on interviews with managers of regional airline companies. This approach has some limitations in the context of representativeness due to its retrospective nature and the potential bias of the respondents; therefore, it requires further verification. However, this studyallowed us to establish recommendations for practitioners in the area of key business model elements for thesekinds of carriers and further research.