Air transportation plays a vital role in connecting people and goods globally and generates significant economic benefits. It allows millions to travel for business, holidays, and other events while also facilitating long-distance cargo shipments. Air transportation supports over 13.5 million jobs worldwide through direct employment in the airline industry and indirect jobs in related sectors. Deregulation of the airline industry has led to lower fares, increased air travel and new routes, benefiting the global economy enormously. Major aircraft manufacturers like Boeing and Airbus also stimulate economies through manufacturing, design, and service jobs.
International civil aviation organizationShahnur Munna
ICAO have created to promote the safety and efficient development of civil aviation.
The tremendous development of aviation during World War II demonstrated the need for an international organization to assist and regulate international flight for peaceful.
International civil aviation organizationShahnur Munna
ICAO have created to promote the safety and efficient development of civil aviation.
The tremendous development of aviation during World War II demonstrated the need for an international organization to assist and regulate international flight for peaceful.
Tourism and Transportation are inextricably linked. As world tourism increases, additional demands will be placed on the transportation sectors.
Source: C. Goeldner, Z. Cruz
Message me if you want to have a copy of this presentation. Thanks.
An introduction to the transportation sector and the aviation industry and its role in the tourism industry and a focus on the possible future trends. Created to augment the lecture on the same subject for the students of the College of International Tourism and Hospitality Management (CITHM) of the Lyceum of the Philippines - Cavite Campus for the subject Principles of Tourism II.
Revenue management first appeared in the airline industry in the early 1980s. It arose from the need for accurate demand estimates and profit-generating resource allocations in a newly deregulated environment. We begin this program and this module with a look back at the main causes and consequences of airline deregulation in North America. We describe how the deregulated North American airline industry has encouraged a trend toward deregulation, or at least liberalization, worldwide. We then move on to introduce the basic concept involved in airline revenue management.
NOTE This Industry overview is only a starting point for your an.docxhenrymartin15260
NOTE: This Industry overview is only a starting point for your analysis. Environment and industry issues can change rapidly and some of the information here may therefore be out-of-date.
You MUST supplement this information with additional research.
The Airline Industry
4940- Summer, 2014
Few inventions have changed how people live and experience the world as much as the invention of the airplane. During both World Wars, government subsidies and demands for new airplanes vastly improved techniques for their design and construction. Following World War II, the first commercial airplane routes were set up in Europe. Over time, air travel has become so commonplace that it would be hard to imagine life without it. The airline industry certainly has progressed. It has also altered the way in which people live and conduct business by shortening travel time and altering our concept of distance, making it possible for us to visit and conduct business in places once considered remote.
The airline industry exists in an intensely competitive market. In recent years, there has been an industry-wide shakedown, which will have far-reaching effects on the industry's trend towards expanding domestic and international services. In the past, the airline industry was at least partly government owned. This is still true in many countries, but in the U.S., all major airlines have come to be privately held. The U.S. airline industry has been in a chaotic state for a number of years. According to the Air Transport Association, the airline industry’s trade association, the loss from 1990 through 1994 was about $13 billion, while from 1995 through 2000, the airlines earned about $23 billion and then lost about $35 billion from 2001 through 2005. Against this backdrop of poor financial performance, dramatic changes in industry structure have occurred. Growth in air passenger traffic has outstripped growth in the overall economy and the U.S. airline industry remains in the midst of an historic restructuring. Over the last five years, U.S. network airlines have reduced their annualized mainline costs excluding fuel by more than 25%, or nearly $20 billion.
While some of the cost savings realized in the industry were the product of identifying greater operational efficiencies, most of the savings were generated by renegotiation of existing contractual arrangements with creditors, aircraft lessors, suppliers and airline employees and achieved either through the bankruptcy process itself or under threat of bankruptcy. A portion of industry capacity still operates in bankruptcy. But, it is down from a high of 46 percent in 2005. As a result, several carriers that were near liquidation now have lower cost structures that should allow them to show improved performance.
Economic profile of the Air line industry: The airline industry has always exhibited cyclicality because travelers' demand is sensitive to the performance of the macro economy yet airl.
Multi-Country Analysis of Strategic Information Management in the Airlines Industry: a comparative assessment for the United States, China, and South Africa
Term ProjectComparative Financial Statement Analysis of Spir.docxbradburgess22840
Term Project
Comparative Financial Statement Analysis of Spirit Airlines and Jet Blue, 2015-2017
ACC 770- Managerial Accounting
I. Introduction
II. Business History and Future
a. Industry
b. Spirit Airline
c. JetBlue
III. Financial Analysis
a. Ratio analysis explanation
i. Liquidity ratios
ii. Activity Ratio
iii. Solvency Ratio
iv. Profitability Ratio
b. Horizontal and Vertical Analysis
i. Overview
ii. Complementary application
IV. Liquidity Analysis
a. Industry
b. Spirit Airlines
c. JetBlue
V. Activity Analysis
a. Industry
b. Spirit Airlines
c. JetBlue
VI. Solvency Analysis
a. Industry
b. Spirit Airlines
c. JetBlue
VII. Profitability Analysis
a. Industry
b. Spirit Airlines
c. JetBlue
VIII. Horizontal and Vertical Analysis
IX. Comparative Analysis
a. Creditworthiness analysis
i. Short-term
ii. Long-term
b. Investment attractiveness
c. Recommendations
X. Summary and conclusions
XI. References/ Bibliography
XI. Appendices
Introduction:The report is the partial requirement of Managerial Accounting course. The objective is analyzing and comparing two companies of same industry for the purpose of forming sensible decision bases on financial statements, historical data and market news about its standing.The report has analyzed and compared Spirit airline and JetBlue Airline. The scope of the report is to see the trends of industry thereby, analyze companies position in terms of industry. Moreover, past analysis also provide an assistance in forming recommendations and insight of the particular company.The methodology of entire report is mainly on ratio calculations and its interpretations. Then it provides brief summary of evaluating short term and long term creditworthiness along with the investment attractiveness.The future of airline industry is slightly unpredictable for the perspective of investment, because demand for air tickets is increasing but demand for stocks has decreased overtime. Business History, Overview and FutureIndustry History and Overview:
Since the birth of flight in 1903, air travel has emerged as a crucial means of transportation for people, products and animals. The hundred-plus years following the invention of the first aircraft have brought about a revolution in the way people travel. The airline business is a major industry, relied upon by millions not only for transportation but also as a way of making a living.
In early years, flying was considered a risk endeavor. In 1925, a development of an act “Air Mail Act” bring much revolution in airline industry by allowing the postmaster to contract with private airlines to deliver mail. Shortly thereafter, the Air Commerce Act gave the Secretary of Commerce power to establish airways, certify aircraft, license pilots, and issue and enforce air traffic regulations. The first commercial airlines included Pan American, Western Air Express and Ford Transport Service. Within 10 years, many modern-day airlines, had emerged as major players.
In 1938, Civi.
Airport executives are trying to create smarter airports, just as airport infrastructures, systems and processes are becoming digitally aware, interconnected and infused with intelligence.
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
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3. • Air transportation plays an
integral role in our way of life.
Commercial airlines allow
millions of Americans every
year to attend business
conventions, go home for the
holidays, take vacations
around the globe, or travel to
other important events. Air
transportation also represents
the fastest way to ship most
types of cargo over long
distances. Today I'm going to
present how Air
Transportation generate
benefit with world economy
INDEX
•
Regulators and Associations
–
–
–
–
–
–
•
Airliners
–
–
–
–
•
Boeing
Airbus
McDonnell Douglas
Airlines
Air Cargo
–
–
•
•
•
•
ICAO
IATA
DCA
CAB
FAA
NTSB
FedEx
DHL
Airlines Scheduling
How Air Transportation Generate World Economy
Conclusion
Bibliography
5. •
•
•
The largest airliners are wide-body jets.
These aircraft are frequently called twinaisle aircraft because they generally have
two separate aisles running from the
front to the back of the passenger cabin.
Aircraft in this category are the Boeing
747, Boeing 767, Boeing 777, Airbus
A300/A310, Airbus A330, Airbus A340,
Airbus A380, McDonnell Douglas DC-10,
McDonnell Douglas MD-11
Nevertheless the most used airliners in
air transportation today are Boeing and
Airbus
Competition with this airliners can
generate benefit in world economy in
manufacturing , design and services
6. •
•
•
Air transport is a vital component of many
international logistics networks, essential to
managing and controlling the flow of goods,
energy, information and other resources like
products, services, and people, from the source of
production to the marketplace. It is difficult or
nearly impossible to accomplish any international
trading, global export/import processes without a
professional logistical support.
It involves the integration of information,
transportation, inventory, warehousing, material
handling, and packaging. This are some of the Air
Cargo Airlines Air Hong Kong, Alaska Central
Express, FedEx Express, DHL(European Air
Transport), East Air Cargo, MAS Cargo
Air Cargo definitely generated and benefit Air
Transportation economy in the world with it
services in every aspect .
7. • The public service and
economic aspects of
scheduling must be
balanced with other
factors, including these:
–
–
–
–
•
Equipment maintenance
Crews
Facilities
Marketing factors
• The following operational
factors are important in
schedule planning:
–
–
–
–
Airport runway lengths
Aircraft fuel capacity
Habitual adverse weather
Air traffic control and
routings
– Crew time limits
– Employee agreements
HUB-AND-SPOKE SCHEDULING
Deregulation has led to significant changes in the routings and schedule patterns of the carriers.
A catalyst for these changes has been the greatly increased emphasis on hub-and spoke
scheduling. Growth of the new 'hub and spoke' model, which filled planes and made it more
convenient for people to travel to more destinations .Exclusively a huge impact benefitted on Air
Transportation in the world.
8. • In Air Transportation a lot of aspect that generate
economy, one of it is Airlines Deregulation. Let
see the detail:
Airlines Deregulation
•
•
•
Refers to government ceding control over certain aspects of the air industry to
the airline corporations
CAB governed which airlines could serve which routes, determined which
airlines were certified to enter the market, and restricted mergers among
airline companies. Set the fare structure for the industry, determining the
routes each airline flew and overseeing the prices they charged
Turning point was the Airline Deregulation Act, -removed government in air
transportation means Airlines taking control their own operation- Showing
huge growth in Air Transportation economy
9. • Lower fares make people travel more
• New airlines sprung into life increase profit to
government and competition in economy
• Airlines set their own schedules
– Benefitted economy enormously
– Huge growth in air travel transportation
• Essential Air Service
– Airlines adding new routes -more flight
– Subsequent growth of regional carriers in the world
10. •
•
•
•
•
•
Impacts of deregulation on us are profound and positive. I've grouped the most
significant of them into 3 categories.
Result 1 : Airfares Dropped
– Airfares today are almost three times cheaper than they were in the late 1970s
Result 2 : Air Travel Increased
– Twice as many flights and three times as many people traveling, compared to the
1970s.
Airlines fly to more destinations
There is another dimension to the growth in air travel. Individual airlines could now
offer service to more places. For example, American Airlines flew to only 39
destinations prior to deregulation. Now it flies to 260 different locations - six times
more than before.
Result 3 : Frequent Flier Programs
– Acquired miles can be redeemed for free air travel; for other goods or
services; or for increased benefits, such as travel class upgrades, airport
lounge access or priority bookings.
– Next time you earn miles on your Visa card, and next time you redeem your
miles for an upgrade or a free ticket, ……………Thanks Deregulation
THIS 3 RESULT SHOW HOW DEREGULATION HELP GENERATE ECONOMY IN THE WORLD
11. THE ECONOMIC
BENEFITS OF AIR
TRANSPORT
• Air transport
generates
employment
and wealth.
• Air transport
generates a
total of 13.5
million
jobs(direct,
indirect). Of
these, 5
million are
direct jobs.
Direct impacts
•
These cover employment and activity within the air transport
industry including airline and airport operations, aircraft
maintenance, air traffic control and regulation, and activities
directly serving air passengers, such as check-in , baggage
handling
.
Indirect impacts
•
These include employment and activities of suppliers to the air
transport industry, for example, jobs linked to aviation fuel
suppliers; construction companies that build additional facilities;
the manufacture of goods sold in airport retail outlets, and a
wide variety of activities in the business services sector (call
centres, IT, accountancy, etc.).
•
Of the 5 million direct jobs generated by the air transport
industry worldwide, 4.3 million people are employed by the
airlines and airports (aviation sector)globally.
5.8 million indirect jobs are supported through purchases of
goods and services by companies in the air transport
industry.Examples include jobs in the energy sector generated
through the purchase of aircraft fuel;
•
• This totally generate the economic
benefits of Air Transportation in the world