The Aero planes are becoming more fuel efficient day by day helping airlines to reduce travelling costs while new technology has also enabled airlines to introduce more safety measures.
This trend is expected to increase further with the time. The social perception of air travel has changed. Further, the global aviation industry is also characterized by deregulation on the supply side meaning more competition among airlines and regulation on the demand side meaning passengers and fliers are in a position where they can press for more amenities and low prices.
Furthermore the growing income of middle class in different parts of the worlds with decreased costs of air travel with the time that has increased affordability of people. For this reason there are very few suppliers in the airline industry. The maiden age of air travellers is increasing that mean many older people prefer to travel by air due to different reasons.
It is obvious that government regulation or political factors play an important role in determining the growth and proliferation of the airlines industry.
The result has been an improvement in their social image. Further, social media has to be leveraged by the airlines to ensure that the boarder social and technological changes do not pass by the airline industry.
The number of people travelling to other countries is decreased due to fear of their safety and security, iata. There is however a cost to switch.
Shankman, Globalization has resulted in cross border expansion of businesses that has resulted increased travel of CEOs and business managers. However, beneath the veneer, the airlines worldwide are caught in a cycle of higher operating costs, lower profits, and decreasing margins because of the various factors discussed in this article.
Furthermore the ability and access of airlines has increased as passengers can get latest information about airfare and travel. Consumers can choose other form of transportation such as a car, bus, train, or boat to get to their destination.
Many thousands of jobs were lost. The earliest efforts were focused at reducing the smoke from the engines. Moreover, international flights are more heavily regulated than the domestic flights.
Refresh Thinking about airlines, the first thought which probably comes to mind would be luxury and comfort.PESTLE Analysis of Airline Industry By Contributor Pest Analysis The recent era of economic depression shook all industries and airlines’ industry was no exception. A PEST Analysis is an Analysis of Airline Industry.
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