Informational Industry Report Assignment Example | Topics and Well Written Essays - 750 words

In frame of referenceational Industry Report - Assignment ExampleToday, globalization has created an aviation diligence securities industry where there are an increasing number of communicatelines, both in the international and domestic that form alliances and invest in each other to form global networks e.g. American Airlines. As the aviation market expands, the more job opportunities are created for individuals who are interested in pursuing employment in line Administration.Air transportation is a key industry that provides major contribution to economic, political, and social progress. The demand for its services, such(prenominal) as transport is driven by needs and desire to attain a specific objective. For instance, air transport can develop economic opportunities to a specific region such as tourism. get for airline transport is also motivated by the needs of goods and services offered by the region.Outlook of the industry, the worldwide Transport Association (IATA) asse rts, has showed an improved profitability in its economic performance. Accordingly, the collective global net profits of airlines are evaluate to reach $25.0 billion in 2015. Drivers of Forecast are oil prices, jet provoke prices, economic growth, passenger trends and cargo trends.Jet fire prices. The benefit of lower fuel prices are not immediately felt because of the forward fuel buying practices of the industry however cost savings leave be realized as soon as time lag is settled. IATA estimated that 26% of industry costs are jet fuel prices. Given that improving fuel dexterity is a priority for airlines, IATA says fuel efficiency has improved by 1.8% in 2014 and more improvements are expected in 2015. Accordingly, fuel efficiency improvements could be done by reducing the 5% of wasted fuel due to air blank and airport inefficiencies.Passenger trends. A growth in passenger traffic of 7.0% is expected in 2015, a percentage that is above 5.5% growth of the past two decades. T otal passenger numbers are expected to grow by 3.5 billion and expected airline