Sympathise with: Characteristics Of An Airline Industry
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| Clinical Reflection | 6 days ago · An Industry in which I have a potential future interest for an entrepreneurial venture is the ever changing airline industry. Although facing tough numbers after the 9/11 attacks, I have always held an interest for this industry. There are several basic economic characteristics for this industry. To survive, airlines will need to bring costs in line with revenues. Doing that is a difficult balancing act because airlines must also preserve the capability to be able to safely and efficiently ramp up operations when demand picks up. 1 day ago · Southwest Airlines is one of the most successful airlines in the American market. Southwest Airlines has successfully differentiated its services from those of its competitors. The company strives to replicate its success in the local American market in the international market. |
| Characteristics Of An Airline Industry | Aerospace is the human effort in science, engineering, and business to fly in the atmosphere of Earth (aeronautics) and surrounding space (astronautics), combined in aerospace amazonia.fiocruz.brace organizations research, design, manufacture, operate, or maintain aircraft or amazonia.fiocruz.brace activity is very diverse, with a multitude of commercial, industrial and military applications. 2 days ago · Airline industry has many challenges: decreasing costs, responding changeable demand, achieving high quality requirements as well trying to maintain superior services and satisfy customer needs. Turkish aviation industry presents a remarkable growth during the recent years. Besides the strategic role of the geographical position of Turkey, when the new airport started to service in Istanbul. To survive, airlines will need to bring costs in line with revenues. Doing that is a difficult balancing act because airlines must also preserve the capability to be able to safely and efficiently ramp up operations when demand picks up. |
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Because of all of the equipment and facilities involved in air transportation, it is easy to lose sight of the fact that this is, fundamentally, a service industry. Airlines perform a service for their customers - transporting them and their belongings or their products, in the case of cargo customers from one point to another for an agreed price.
In that sense, the airline business is similar to other service businesses like banks, insurance companies or even barbershops. There is no physical product given in return for the money paid by the customer, nor inventory created and stored for sale at some later date. Unlike many service businesses, airlines need more than Characteristics Of An Airline Industry and telephones to get started. They need an enormous range of expensive equipment and facilities, from airplanes to flight simulators to maintenance hangars.
As a result, the airline industry is a capital-intensive business, requiring large sums of money to operate effectively. Most Characetristics is financed through loans or the issuance of stock. Increasingly, airlines are also leasing equipment, including equipment they owned previously but sold to someone else and leased back.
Whatever arrangements an airline chooses to pursue, its capital needs require consistent profitability. Because airlines own large fleets of expensive aircraft which depreciate in value over time, they typically generate a substantial positive cash flow profits plus depreciation. Most airlines use their cash flow to repay debt or acquire new aircraft. When profits and cash flow decline, an airline's ability to repay debt and acquire new aircraft is jeopardized.
Airlines also are labor intensive. Each major airline employs a virtual army of pilots, flight attendants, mechanics, baggage handlers, reservation agents, gate agents, security personnel, cooks, cleaners, managers, accountants, lawyers, etc. Computers have enabled airlines to automate many Characteristics Of An Airline Industry, but there is no changing the fact that they are a service business, where customers require personal attention.
Introduction
More than one-third of the revenue generated each day by the airlines goes to pay its workforce. Labor costs per employee are among the highest of any industry. In part because of its long history as a regulated industry, the airline industry is highly unionized. The bottom line result of all of this is thin profit margins, even in the best of times. Airlines, source the years, have earned a net profit between one and two percent, compared to an average of above five percent for U.
Airline Economics
The airline business historically has been very seasonal. The summer months were extremely busy, as many people took vacations at that time of the year. Winter, on the other hand, was slower, with the exception of the holidays. The result of such peaks and valleys in travel patterns was that airline revenues also rose and fell significantly through the course of the year.]
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