This paper presents an extensive study of the fundamental characteristics of InGaAsP/InP double-heterojunction (DH) lasers with a wavelength of 1.3 μm. The confinement properties of injected carriers in the quaternary active region, the electrical properties such as leakage current and diode current versus voltage, the threshold characteristics, and the threshold temperature characteristics are determined through an analysis of the heterojunction energy band structure. The threshold temperature characteristics and the carrier leakage from the active region into the confining layers are examined in detail. To clarify the dependence of carrier leakage on lasing wavelength in InGaAsP/InP DH lasers and to explain the difference between GaAlAs/GaAs DH and InGaAsP/InP DH lasers, the barrier heights required to effectively confine the injected carriers and the effective carrier masses in the active region are discussed. Various possible explanations for the observed threshold temperature characteristics are considered.