Regulation of Air Transport pp 103-155 | Cite as
Airlines: The Other Side of the Coin
Abstract
“Connectivity”—the most important buzzword in meeting the needs of the air transport consumer—does not only bring to bear the significance and involvement of rules and regulations issue but also highlights the key player in delivering the air transport product—the airline and its economics of operation. The Air Transport Annual Report 2012 of the World Bank states that air transport continued its global recovery in the fiscal year 2012, and expected a collective profit for the year. However, according to the World Bank forecast airline these profits would be less than half of the $8.4 billion the industry earned in 2011. High oil price and low global recovery were the causes for this decrease. The World Bank forecast for the next two decades is consistent with that of ICAO, which has stated that the outlook is positive with a strong growth rate and a doubling of the annual passenger carriage by 2030.
Keywords
Security Measure Civil Aviation Marginal Cost Price Security Control Slot AllocationReferences
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