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Airline industry - Coursework Example

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Airline industry

During off season the supply of air travel exceeds its demand. The airline industry has many positive effects over the economy. Airlines provide a fast and safe transportation method that allows humans to travel long distances in short periods of time. This method of transportation is perfectly suited to serve the needs of tourist. The tourism revenues of countries depend on the ability of airlines to bring tourist into their country. There are millions tourist coming into the United States every year. These tourists help the economy by spending money in the consumer markets. Another way the airline industry helps the economy is by carrying merchandise from one location to another. The international trade system depends on the airline industry to transport goods between countries. The airline industry also positively impacts the economy by generating thousands of jobs. The billions of dollars generated in revenues by the industry pay income taxes to local governments. The labor market for the airline industry is composed of different positions including pilots, stewardess, maintenance crew, security crew, engineers, ticket sales representatives, and management. The most important position in the airline industry is the pilots. ...Show more

Summary

The airline industry is one of the most powerful industries in the world. In 2010 this industry generated $712 billion in sales in the US and $1,986 billion worldwide (Plunkett Research). The demand and supply of airline tickets varies a lot by season. In the good season which is Christmas and summer the demand for airline travels goes up…
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Airline industry essay example
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