Airline Industry A Financial Crisis Essay - 1686 Words

After 9/11 many airline companies will be facing a financial crisis that will shape America banks, stock pricing and insurance company’s community. Airline industry after 9/11, will make many changes to foreign policy and national policy, â€Å"the hardest hit business was the airline industry, which suffered major economic damage† (to, H. and Lee, D. (2005). I choose this topic because many Americans really don’t know how 9/11 crippled airline industry. The terrorist attack on September 11, 2001 was a turning point in American history, which killed over 2,000 people and which put fear in many businesses and people, â€Å"the terrorist attacks created a great deal of uncertainly for the industry† (Frey, B.S., Luechinger, S. and Stutzer, A. (2007)). 9/11 will show how a nation that pays no attention to the safely regulation of airline industry into something that will haunt America decade after the attack. This research paper will benefit to many busines s entrepreneurs to serve as a reference tool in the areas of business management, and macroeconomics. This topic can best serve as a good tool for other researcher’s on the subject of banking and finance. This paper will analyze the importance and will point out how 9/11 impact America airline industry. Definition of foreign markets and domestic market In this research paper, there are two concepts: foreign market and domestic market. As look deeper into the foreign market and domestic market we can see that 9/11 took a toll onShow MoreRelatedThe Demand Of The Airline Industry1436 Words   |  6 Pages The fuel crisis is no stranger to the business world, especially to the airline industry. Many airlines were forced to adopt new approaches to this high cost issue in order to stay afloat. The realistic concern of the effect to the consumer has not only impacted the cost to travel, but the profits for the airline industry. The 2008 US economic recession has greatly impacted how often people are traveling. Most consumers’ disposable income is very little and they categorize travel, especiallyRead MoreThe Impact Of Domestic Aviation Industry On The Domestic Airline Industry1508 Words   |  7 Pagessectors is the aviation industry, which falls under the transportation and logistics sector and is a major source of growth for the U.S economy in terms of revenue, capacity building and human development. This highlights the importance of the domestic aviation industry, and any factors that affect this industry are bound to have effects on the entire economy. The study aims to understand how changes in fuel prices, especially increases, have an impact on the domestic airline industry. The impact of theRead MoreCurrent Situation of Airline Industry1122 Words   |  5 PagesCurrent Situation of Airline Industry Since the airline industry was deregulated in the late 1970s, they shall hold the line on the number of planes they fly. The result is that the people by plane shall be more and more, and the fares shall become expensive. Because air transport is faster than other transportation methods, the people increasingly prefer to fly. The air transportation shall be an important transportation method in the future, and the people engaged in air transportation shall haveRead MoreThe Current Global Economic Crisis Would Change the Face of the Aviation Industry as We Know It Today- Is There Truth in the Statement?1029 Words   |  5 PagesINTRODUCTION TO CIVIL AVIATION Lucas Lee Executive Summary The current global economic crisis has changed the way aviation industry goes about its business. It has brought about a boom in low-cost carriers, which has made travelling by air cheaper for the masses. Services offered by airlines and airports are also of higher standards to make people want to travel by air. The economic downturn has seen a significant drop of investments in the aviation market. Airport ground handlers andRead MoreA Decline in Revenue at Quantas1272 Words   |  6 Pagesthink that this airplane industry is having a decline in revenue problem. So I interested to analyze this airplane company. But before I analyze this company, I want to explain a little bit about this airplane industry. A Qantas airway is an airplane industry from Queensland, Australia, and the head office of this airlines industry located in Sydney, Australia. This industry was found by 3 people named Paul McGuiness, Hudson Fysh, and the last one is Arthus Baird. This industry was founded on the 16thRead MoreEvaluation Of Sia s Strategic Management And The Challenges Faced By Sia1497 Words   |  6 Pagescountries carriers which have given an exceptional international reputation to the airlines and via code-sharing with the members of Star Alliance partnership it has extended its network globally. This allowed SIA to sell the tickets on one another’s flights and extend the service to additional destinations (Reference for business, 2012). b) Economic factors: In 2008, SIA faced huge losses due to the global financial crisis and the increase in oil price. The annual inflation rate increased from 0.6%Read MoreQantas Swot Essay615 Words   |  3 PagesDiversified Business : Qantas range of subsidiary business operates in different sector but all of them supporting airlines industry’s activity, such as catering, baggage handling and engineer. This also helped them to control supplier and aircraft maintenance cost. †¢ Oneworld Alliance Oneworld Alliance is a management company founded by Qantas, American Airlines, British Airways, Canadian Airlines and Cathay Pacific. Purpose of this centralized management company is to helping each other with non†coreRead MoreHow Spirit Airlines With American Airlines Essay951 Words   |  4 PagesWHY I CHOSE THIS COMPANY Founded in 1964, Spirit Airlines actually began operations in the trucking industry under the name â€Å"Clippert Trucking Company,† based in Michigan. In subsequent years the firm encountered many changes in name, headquarters, as well as shifted into different industries entirely. In 1983, the company branched out into the charter tour operating sector, as â€Å"Charter One.† Particularly, they provided tours to entertainment destinations such as Las Vegas, Atlantic City, and theRead MoreThe Cause of Financial Distress in Airlines Industry Introduction According to International Air1400 Words   |  6 PagesThe Cause of Financial Distress in Airlines Industry Introduction According to International Air Transport Association (IATA), global airline industry has a history of 100 years (2014). Today, there were more than 3 billion passengers and 50 million tonnes of cargo reach their destination through the wonder of flight every year, supporting over 57 million jobs and $2.2 trillion in economic activity (IATA, 2014). The airline industry plays a crucial role in economic because it helps in opening upRead MoreA Financial Analysis Of Spirit Airlines Essay981 Words   |  4 PagesA FINANCIAL ANALYSIS OF SPIRIT AIRLINES WHY I CHOSE THIS COMPANY Founded in 1964, Spirit Airlines actually began operations in the trucking industry under the name â€Å"Clippert Trucking Company,† based in Michigan. In subsequent years the firm encountered many changes in name, headquarters, as well as shifted into different industries entirely. In 1983, the company branched out into the charter tour operating sector, as â€Å"Charter One.† Particularly, they provided tours to entertainment destinations