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

In reachational Industry Report - Assignment ExampleToday, globalization has created an aviation application market where there are an increasing number of airlines, both in the international and domestic that form alliances and invest in each other to form global ne cardinalrks e.g. American Airlines. As the aviation market expands, the more job opportunities are created for individuals who are interested in pursuing employment in breeze Administration.Air transportation is a key industry that provides major contribution to economic, political, and social progress. The demand for its services, such as transport is driven by inevitably and desire to attain a specific objective. For instance, air transport can develop economic opportunities to a specific region such as tourism. essential for airline transport is also motivated by the needs of goods and services offered by the region.Outlook of the industry, the International Transport Association (IATA) asserts, has showed an imp roved profitability in its economic performance. Accordingly, the collective global net profits of airlines are expected to reach $25.0 billion in 2015. Drivers of Forecast are oil prices, jet terminate prices, economic growth, passenger trends and cargo trends.Jet fuel prices. The benefit of lower fuel prices are not immediately felt because of the forward fuel purchase practices of the industry however be savings will be realized as soon as time lag is settled. IATA estimated that 26% of industry costs are jet fuel prices. Given that improving fuel efficiency 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 dummy 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. Total passenger numbers are expected to grow by 3.5 billion and expected airline