The Market Of The Aviation Industry Essay - 1518 Words

Introduction The market of the aviation sector changes and fluctuates over time due to various factors, such as globalisation, changes in public policy and human relations movement. The airline industry all around the globe is becoming more and more competitive nowadays (PricewaterhouseCoopers 2014). It requires the corporates to have strategic planning in order to maintain their growth and market share. Transformation program that involves every single individual in the organisation can effectively help it adapts and develops further. Though it is important to spend less and earn more to survive in such competitive industry, it is also important to invest in human resources wisely so that the organisation can make the most out of their investment. Context The deregulation in the 1990s has greatly altered the structure of the aviation industry in Australia as well as internationally (Kain Webb 2003). This deregulation in air fares, passenger numbers and quality of service has facilitated the rapid growth of low-cost carriers (The Department of Infrastructure and Regional Development 1995). While these changes in policies have been relatively beneficial in the consumer’s perspective, it created many challenges for legacy airlines such as Qantas. The entrance of low- cost carriers threatens legacy airlines’ market share since they are more flexible in service provision and that allows them to make a lot more profit. Moreover, Virgin Blue as a successful low-cost carrierShow MoreRelatedThe Competitive Market Player Of The Aviation Industry981 Words   |  4 PagesToday in the ever changing and volatile industry that is aviation every action taken has a significant impact on not only your business but also the competition a nd stakeholders. With any competitive market player in the aviation industry every decision made is a critical one, and behind any decision will be a strategy. These decisions and strategies implemented will put the airline, airport or manufacturer into one of 4 key strategic positions. The business will either be; the leader, usually theRead MoreIndian Aviation Industry : The Indian Domestic Aviation Market3000 Words   |  12 PagesIndian Aviation Industry The Indian Domestic Aviation market registered a growth of 5% in FY 2013-14 with a total of 60.3 million domestic passengers carried during the year. Market share of Low Cost Carriers (LCC) comprising SpiceJet, Indigo, Jet Lite, Go Air continued to increase at the cost of the Full Service Carriers. The market share of the LCCs increased to 64% in the domestic space, with ~25% CAGR for domestic passengers carried over the last 4 years. Indian LCCs (Indigo, SpiceJet) haveRead MoreImpact Of The Aviation Industry On The Asian Pacific Markets2204 Words   |  9 Pagesan important role in economic growth — in different countries. When the business industry performs well, a reflection of the good performance is replicated on the economy. The aviation industry has contributed so much in economic growth. For this reason, Asian countries have been on the forefront in embracing the low-cost carrier (LCC) operations in their countries. The introduction of LCC in the aviation industry, a s well as the formulation of joint ventures among Asian countries has affected theRead MoreAustralian Domestic Market: Australian Aviation Industry Essay1731 Words   |  7 PagesAustralian Aviation industry, the Australian Domestic Market has been profitable. The past half year has brought to light the first negative effects of fierce competition between Australias airlines the Qantas group and Virgin Australia Holdings Pty Ltd (VAH) (which will be further referred to in this document as Virgin Australia) in the form of loss which can be seen in the below figure. In recent years, the Australian Domestic market has been predominantly a duopoly style market with QantasRead MoreAustralian Aviation Sector Influences On The Australian Economy And The Tourism Industry1580 Words   |  7 Pagesissues report will outline how the Australian aviation sector influences both the Australian economy and the tourism industry. The report will also highlight how the economic issues of employment, fuel consumption and environmental challenges affect the Australian aviation sector and how these issues relate to the economic principles of supply and demand. The report will briefly explain the background of the Australian aviation sector; identify economic market trends and current opportunities as wellRead MoreHow Aviation Industry Influenced By Information System Essay1215 Words   |  5 Pages AVIATION INDUSTRY How aviation industry influenced by information system? â€Æ' 1. History: Aviation industry evolved after the World war 3 almost at 1950. With the passage of time many advancement and changes occurred in this industry. But one of the most technical and informative changes that occurs in late nineties was the GPS and TCAS in the aircraft. At that time there was no much paper work in this industry to plan and integrate with others. But as the technology spread and new advancement becameRead MoreThe Bargaining Power Of Buyers1457 Words   |  6 Pagespower of buyers is said to be high when they can lower prices, demand higher quality or service, and set industry competitors against each other all while affecting industry profitability. The bargaining power of buyers within General Electric depends on the specific business one is looking at. Generally, GE has valued its customers and have been consistent in offering its products at the market price. The bargaining power of buyers have found to be high especially in its Appliances division dueRead MoreThe L ead Up For Current Business Level Strategy1271 Words   |  6 Pagescreate new products and improve existing products such as the light bulb in order to differentiate them from other competitors in the market. This practice enabled the company to gain a distinctive competency in developing future products, in tern granting General Electric competitive advantage over its rivals. This Research Laboratory revolutionized the industry, by bringing new innovations such as the X-ray machines, trans Atlantic broadcasting, many kinds of kitchen appliances, different typesRead MoreCurrent Situation Of The Indian Aviation Sector Essay1480 Words   |  6 Pagesannually over the next 20 years and the Indian aviation sector is expected to be at the forefront of this growth. But the aviation sector while having shown stellar growth rate of 8 – 12 % in the last decade will need some dire reforms to achieve this. Currently the industry is facing several issues which hinder its growth in the form of government policies, regulations and strategies. Like any industry while in its fledgling state the airline industry too will require the governments support to achieveRead MoreThe Cost Of Risk Management Aviation1391 Words   |  6 Pages The cost of Risk Management Aviation integrated framework expands on internal control providing a more robust and extensive focus on the broader subject of Aviation management. Both costs of risk management and financing involve promises to pay that need to be Collateralized, resulting in a financing versus cost risk management trade-off While it is not intended to and does not replace the internal control framework but rather incorporates the internal control framework within it, companies may