Aviation Industry Is Not Immune For Changing Economics,...

Introduction As an industry, aviation is not immune to changing economics, low demands, and threats. Throughout the history, there have been hundreds of airlines formed, but some have already disappeared and some are still going strong. Aviation industry is constantly being challenged by economic status, organizations, and individuals which affect the revenue, growth and profitability of each airline. Tragic events that took place on September 11, 2001 put a huge dent in the industry but currently in the process of recovering slowly and steadily. Demands for air transportation is constantly on the rise even with occasional sets backs encountered by the industry such as; terrorism, changing economics, skyrocketing fuel prices, demand changes, and increasing competition. Current Status of the Company In the early days, the airline was struggling to perform financially. It took about five years to post its first profits. 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