AIRLINE INDUSTRY

Running Head : AIRLINE INDUSTRY

Airline Industry

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The airline industry is among the strongest industries today . It is an area of commerce that uses aircraft to transport people , cargo , and mail (Neale , 2006 . The expansion and growth of the airline industry has been placed on the fact that it facilitates economic growth , world trade , international investment , and tourism and is therefore central to the globalization taking place in many other industries ( The Airline Industry

. It is the purpose of this to place in focus the subject matter of airline industry including its history

Brief History of the Airline Industry

It was in the beginning of the 19th century that flying was considered by people for purposed of flying and pleasure ' and happened when European investors experimented with hot air balloons and gliders (Neale , 2006 . It was a few years later in 1910 that airships , which they called dirigibles ' ran by filling them with gas to serve as a means of transportation between cities in Germany (Neale , 2006 . The 1927 solo flight by Charles Lindbergh that he completed across the Atlantic Ocean has triggered the people 's interest in flying and lessened the fear of people in flying (Boyd , 2008 . It is considered as a benchmark of flying for the American sector as it has been earlier considered in the European continent

With the interest placed by people in traveling through the means of airways , airline companies have spurred including the Aviation Corportation with its air transport division called the American Airways that later became the American Airlines (Boyd , 2008 . Boeing also held an air transport division , which is the United Aircraft and Transportation Corporation that later became the United Airlines (Boyd 2008

In 1929 , the first airmail service was served to South America with Charles Lindbergh serving the position of Technical Adviser for Pan Am World Airways (Boyd , 2008 . It was around these times that the airline industry was used mainly by the postal service when they offered airmail (Boyd , 2008

After that , travel of people augmented the cost for the airline industry and made travelling through air a more common phenomenon (Boyd 2008 . The current trend of globalization has followed the airline industry as more trips are made over the seas and frequent use of the air as a way of transportation has become more rampant (Boyd , 2008 Likewise , airline deregulation by the government had made its toll on the airline industries creating both positive and negative effects for the different airlines (Neale , 2006

Industry Overview

The said industry includes 3 ,000 companies , with combined annual revenue of 120 billion ( Airline Industry Pro Excerpt . There are classifications given by the government for the airlines ( Airline Industry Pro Excerpt . The scenario is greatly affected by the businesses which provides for a share in the demand as well as the consumer passengers ( Airline Industry Pro Excerpt . Due to the fact that the...