Major Turbulence Ahead for the Airline Industry

Presently, the future for civil aviation looks somewhat uncertain: record fuel prices that make the best of aircraft appear inefficient, a weakening global economy, prospects for further cost restructuring appearing dim, a rigid regulatory and institutional environment, and stricter environmental regulations on the horizon. Consequently, the airline industry is in turbulent times. Times such as these require imaginative thinking, bold strategies and rapid actions. As has unfolded many times before, the industry has demonstrated tremendous resilience, and, as this paper argues, it will once more. This paper provides a brief discussion on the nature of turbulence, outlines major steps that the industry is taking and future prospects, with a special emphasis on the U.S. airline industry.

  • Availability:
  • Authors:
    • Schaufele, Roger
    • Bhadra, Dipasis
  • Publication Date: 2008-10

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01140500
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Sep 21 2009 4:46PM