The Airline Industry encompasses a single aircraft conveying cargo articles and mail to different places to the numerous aircrafts carrying passengers to the different parts of the world. Services of the Airline industry can be segregated as domestic, regional, within the continent or travel between continents. A thorough analysis of the Airline industry will essentially comprise all of the above. Records show that the demand for airline travel has been increasing. 1950 through 1960 manifested a trend when the yearly growth was consistent at approximately 15%. Airline industry showed yearly growth ranging between 5% to 6% consistently in the 80s and the 90s. However, rate of growth cannot be expected to remain same throughout due to several factors. Deregulation being one of the reasons. Deregulation in the Airline industry led to flexibility in the prices of the airline tickets. Consequently, the airfares nosedived at times escalating the airway traffic.
In some countries the Airline industry is regulated by the Government. In countries, where the Airline industry is privatized, many norms and regulations as laid forward by the Government has to be complied with. These norms and regulations have been framed keeping in mind the safety, political as well as economic aspects. The Airline industry trend shows that during the period 2000 through 2002, 6% profit was enjoyed by the Airline industry, as much as 10% to 13% was gained by companies in the catering sector, manufacturers of aircraft gained by 16%, airports gained by 10% etc.,. The Airline ticket costs are inclusive of the taxes, different kinds of fees and surcharges wherever applicable.To know more about the Airline industry one may browse through the following links:
* Airline Industry Analysis
* Airline Industry Trends
* Airline Industry Growth
* Airline Industry Mergers
* Air Cargo Industry
* World Airline Industry
* U.S Airline Industry
* Airline Industry in India
Thursday, January 13, 2011
Aviation Industry
The airline industry provides transportation services for passengers as well as cargo through scheduled air routes. The aviation industry derives its revenues from regular ticket fees and freight charges. Other major components of the aviation sector include:
* Air traffic control
* Helicopter and private charter services
* Airport management
* Express delivery service
History of the Airline Industry
The pioneers of the airline industry, the Wright Brothers invented the first airplane in 1903. The first modern airliner, Boeing 247, was launched in 1933. It traveled at 155 miles per hour and had a capacity of ten passengers. Boeing 747 was launched by Pan Am in 1969. This highly sophisticated aircraft had four engines and a seating capacity of 450. The airline industry initially fell under the category of a public utility service, with government agencies establishing the air routes and prices. However, with the Airline Deregulation Act of 1978, the industry became market driven.
Demand and Supply Drivers of the Airline Industry
The demand drivers of the airline industry include:
* Ticket prices
* Passenger income levels
* Access to and suitability of other modes of transportation
* Frequency of services
* Safety
* Random factors such as terror threat
The supply drivers of the aviation industry are:
* Behavior of competition
* Government regulation
* Cost of resources (fuel, labor, maintenance, technology)
Airline Industry: Major Players
The European airline giants dominate the aviation industry. British Airways reported annual revenues of GBP8,593 million in 2008. Lufthansa reported annual revenues of Euro22.4 billion in 2007. Qantas, Australia’s largest airline, reported annual revenues of A$12.6 billion for 2007. The other major passenger airlines include Cathay Pacific, the Emirates, US Airways, Japan Airlines, Air France-KLM and Southwest Airlines. Cathay Pacific won the 2009 Airline of the Year title in the famous World Airline Awards, replacing Singapore Airlines as the 'world's best airline.' Among the freight carriers, FedEx is the world’s largest, with total revenues of US$ 37.953 billion in 2008.
Some of the major airports across the world include:
* London’s Heathrow Airport
* Los Angeles International Airport
* Frankfurt International Airport
* Tokyo International Airport
The global aviation sector generated revenues of $430 billion in 2007, with over 2,076 million passengers traveling by air. According to the US Bureau of Labor Statistics, the airline industry provided employment to around 487,000 people in 2006 in America alone.
* Air traffic control
* Helicopter and private charter services
* Airport management
* Express delivery service
History of the Airline Industry
The pioneers of the airline industry, the Wright Brothers invented the first airplane in 1903. The first modern airliner, Boeing 247, was launched in 1933. It traveled at 155 miles per hour and had a capacity of ten passengers. Boeing 747 was launched by Pan Am in 1969. This highly sophisticated aircraft had four engines and a seating capacity of 450. The airline industry initially fell under the category of a public utility service, with government agencies establishing the air routes and prices. However, with the Airline Deregulation Act of 1978, the industry became market driven.
Demand and Supply Drivers of the Airline Industry
The demand drivers of the airline industry include:
* Ticket prices
* Passenger income levels
* Access to and suitability of other modes of transportation
* Frequency of services
* Safety
* Random factors such as terror threat
The supply drivers of the aviation industry are:
* Behavior of competition
* Government regulation
* Cost of resources (fuel, labor, maintenance, technology)
Airline Industry: Major Players
The European airline giants dominate the aviation industry. British Airways reported annual revenues of GBP8,593 million in 2008. Lufthansa reported annual revenues of Euro22.4 billion in 2007. Qantas, Australia’s largest airline, reported annual revenues of A$12.6 billion for 2007. The other major passenger airlines include Cathay Pacific, the Emirates, US Airways, Japan Airlines, Air France-KLM and Southwest Airlines. Cathay Pacific won the 2009 Airline of the Year title in the famous World Airline Awards, replacing Singapore Airlines as the 'world's best airline.' Among the freight carriers, FedEx is the world’s largest, with total revenues of US$ 37.953 billion in 2008.
Some of the major airports across the world include:
* London’s Heathrow Airport
* Los Angeles International Airport
* Frankfurt International Airport
* Tokyo International Airport
The global aviation sector generated revenues of $430 billion in 2007, with over 2,076 million passengers traveling by air. According to the US Bureau of Labor Statistics, the airline industry provided employment to around 487,000 people in 2006 in America alone.
Biotechnology Industry
The biotechnology industry is fully research based and this intensively research based sector yielded revenues worth $50.7 billion in the year 2005. $19.8 billion was spent for research and development by the United States Biotechnology industry.
Biotechnology industry and the economy:
Various activities related to life sciences as well as the biotechnology industry recruited 1.2 million individuals in the year 2004 in the United States of America. In addition to the 1.2 million job opportunities, 5.8 million job openings associated with the biotechnology industry was also created. Average yearly salary of the individuals employed in the biotechnology industry was approximately $65,775 in the year 2004. The biotechnology industry brought finances worth in $20 billion in finances in the year 2005. Market Capitalization of the biotechnology companies which traded publicly stood at $410 billion as on 31st December, 2005.
Role of the biotechnology industry:
* 200 plus vaccinations, products, therapies have been created by the biotechnology industry to combat cancer, autoimmune syndromes, diabetes, HIV/AIDS etc.,.
* Biotechnology industry has developed several environment friendly products treating elements which pollute the environment.
* Biotechnology is also used in industrial houses for the optimum usage of the various forms of energy.
* Biotechnology industry also plays a significant role in taking forensic science ahead by using methods relating to DNA fingerprinting.
Biotechnology industry and the economy:
Various activities related to life sciences as well as the biotechnology industry recruited 1.2 million individuals in the year 2004 in the United States of America. In addition to the 1.2 million job opportunities, 5.8 million job openings associated with the biotechnology industry was also created. Average yearly salary of the individuals employed in the biotechnology industry was approximately $65,775 in the year 2004. The biotechnology industry brought finances worth in $20 billion in finances in the year 2005. Market Capitalization of the biotechnology companies which traded publicly stood at $410 billion as on 31st December, 2005.
Role of the biotechnology industry:
* 200 plus vaccinations, products, therapies have been created by the biotechnology industry to combat cancer, autoimmune syndromes, diabetes, HIV/AIDS etc.,.
* Biotechnology industry has developed several environment friendly products treating elements which pollute the environment.
* Biotechnology is also used in industrial houses for the optimum usage of the various forms of energy.
* Biotechnology industry also plays a significant role in taking forensic science ahead by using methods relating to DNA fingerprinting.
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