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Table 3 Summary statistics of the independent variables

From: The Low-cost fare response to new entry

Each matched flight

Mean

St. dev.

Min

Max

D_no competitor

0.38

0.48

0

1

D_H Dep Closer

0.05

0.22

0

1

H Dep closeness

0.40

0.22

0.003

0.986

U2 seats t-7

355

209

149

936

∆ seats LCCs Comp

46.18

98.62

−268

470

∆ seats FCSs

46.92

109.92

−175

743

D_hub

0.61

0.49

0

1