AIR TRANSPORTATION OVERVIEW

AIR TRANSPORTATION OVERVIEW

University

10 Qs

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AIR TRANSPORTATION OVERVIEW

AIR TRANSPORTATION OVERVIEW

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10 questions

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1.

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2 mins • 5 pts

At one point in time, the bulk of the global airline industry was heavily regulated meaning governments had strict control of the industry in terms of air fares, routes and market entry of new airlines.

2.

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2 mins • 5 pts

As per the International Air Transport Association (IATA) liberalization allows for expansion into new markets, diversification into new products, specialization in niche products, and market exit for air carriers not able to succeed in specific competitive markets.

3.

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2 mins • 5 pts

Government controls like entry and price restrictions for air carriers are removed allowing airlines to serve any given route and freely compete with other carriers.

4.

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2 mins • 5 pts

The air traffic control system would be updated to increase efficiency of the national air transport system and decrease delays at hub airport facilities throughout the country.

5.

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2 mins • 5 pts

is perhaps the most high profile industry in the world but it is also considered one of the most neglected in terms of investment.

6.

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2 mins • 5 pts

The top three costs for most airlines

7.

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2 mins • 5 pts

When the economy is doing well, airlines tend to profit but when the economy is not doing well, airlines tend to lose profit often being the first and hardest hit industry in turbulent times

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