UK airports see record drop in passenger numbers

Running Head : Impact of Economic recession on UK aviation Industry Impact of Economic recession on UK aviation Industry (Student Name (Course Subject (Instructor (Due Date

Abstract

As the global economic recession deepened , financial and economic constraints were negatively affecting the aviation industry in UK . The impact of the economic crisis has affected the operation of Airline industry and has drastically reduced its earnings and revenues . There have been certain extents where some of the operators in the industry have been forced to reduce their fleet or wind down certain flying

routes in to cope with the economic crisis . The aviation industry entirely depends on the ability of its passengers to fly frequently and any negative shift in the way passengers fly like declining numbers directly impact the economic and financial survival of the airlines . The tries to analyse and evaluate the aspects behind the declining number of passengers , the impact it has on the aviation industry and the remedies which could be taken to address the problem

Introduction

The recent global recession witnessed was one of the worst economic upheavals since the great depression . Economic recession hit all sectors of the economy and one of the hardest hit sectors was the aviation industry . Airline industry operation is directly correlated with the status of the economy . Record declining passengers levels witnessed in airports are attributed to the small number of passengers willing to fly due to the economic constraints . Although the aviation industry is seen as basic mode of...