Economics Airline Industry
Part 1 The Characteristics Of The Airline Industry Preface Introduction The Primary Characteristics Competition Within The Airline Industry The Secondary Characteristics – The Tertiary and Quaternary Characteristics – Part 2 PESTEL Of The Airline Industry Conclusion References PART 1 The Characteristics Of The Airline Industry Preface Economics or Managing In The Global Environment, a subject everyone needs to be familiar with and most believe or think that they are, but at the end of the day, very few are competent and understand it’s deep meaning, intricacies and implications. These implications and meanings are for the Government, the people, the economy as well as for the observer ( a person observing the economy or industry in a foreign country ). I do have an economic background and therefore I understand the intricacies of all this and that a layman may find the perusal of economic charts or data statements confusing or ambiguous. Anyway that’s beyond the boundaries of this assignment. Having been given a free hand at choosing a business sector of my choice for this assignment and going on to highlight its key economic characteristics, the effect of the same on the sectoral development and paying particular attention to any global influences on this development, I shortlisted two sectors both from the leisure industry – hotels and aviation. Being deeply knowledgeable about both and having a keen interest on the subject made sense to me. For the purpose of this examined coursework assignment, we shall focus purely upon the aviation industry. The ECA guidance document states to mention, the geographical domain that you shall cover in this report. I am looking at the aviation industry on a world wide platform. I’m not looking at the United Kingdom or India or China specifically. Introduction – Not many inventions have changed how people live and experience the world as much as the invention of the airplane. It was the Wright brothers, Orville and Wilbur who on