Airline Industry

Airline Industry

The history of flight industry has come a long way since Orville and Wilbur Wright invented the first engine airplane . From then on travelling has never been the same . Further improvements in airplanes have offered great travel experience for passengers who need to reach destinations in the shortest possible time . In to gain more passengers , airline companies continued to undergo changes in to meet their objectives . Despite concerns regarding open skies and safety airline companies offer low-cost fares , while some joined alliances

Brief Summary of the Airline Industry p

The airline industry is fast growing , thus contributing to economic growth , international investment , world trade , and tourism (Ferugia et Al . With the Wright brothers ' invention of the first engine powered plane , the need to provide service to passengers in every place in the world has led to the airline industry being a major driver in the global economy . Further , the airline industry in itself is an economic force through its operations both nationally and internationally , and its influence on other industries such as tourism . The industry proved to be more powerful than others , as evidenced by the amount of attention rendered on airlines (Massachusetts Institute of Technology , n .d

Much development has been observed on the airline industry such as technological innovations . In the 1950s , jet airplanes were used for commercial flights . Two decades later , a new development in the form of wide-body airplanes was introduced . During this time , the global airline industry was heavily regulated , thus government...