legal factors affecting airline industry
WebPolitical- legal factors As pursuing to develop globally, Singapore Airlines has to consider political factors in Singapore market and other countries as well. Blog authored by Klemchuk LLP, a patent law firm. This is mainly because of the risks associated and which can result in deaths or accidents or any irreparable damage. A former Blue Book trainee of the European Commission, Marta has a keen interest in EU and global affairs, and experience in reporting and interpreting information. In October, Air New Zealand became one of the highest-profile airlines to announce a passenger mandate, a necessary requisite as of February 2022. Feedback on this guide is welcome. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. WebThere are several factors that can positively affect the aviation industry and boost its growth such as the rise in purchasing power with the middle class and rapidly growing youth population, favorable demographics, economy flights/ Low Cost Carriers (LCC), growing tourism industry of India and a rise in passengers traveling by air within and WebThere are three factors that cause financial problem for airline industry: fuel price, interest rate, currency rate. In January, several environmental groups filed a legal notice of their intent to sue the Trump administration for its failure to meet that requirement, giving 180 days notice. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. General 1.1 Please list and briefly describe the principal legislation and regulatory bodies which apply to and/or regulate aviation in your jurisdiction. Government policies directly affect the airline industry. Air travel accounts for about 2.5 percent of global carbon dioxide emissions, a far smaller share than emissions from passenger cars or power plants. We reserve the right to block IP addresses that submit excessive requests. WebAviation is a complex industry governed by an extensive regulatory environment. 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Several policies have been devised to protect passengers more than the aviation industry. To match the reduced demand, airlines were forced to cut capacity by 2.8% in 2001 and 3.9% in 2002. Many of these materials are provided as searchable full-text PDFs. E.P.A. Fuel price: In general, fuel price always plays an important role in the Part 1 - Must-know: External factors that influence the airline industry, Part 2 - PESTEL framework analyzes the industrys external environment, Part 4 - Changes in the US airline industrys competitive landscape, US Futures, Asian Stocks Slide Amid Higher Yields: Markets Wrap, Japanese stocks end flat as Tesla, Fed rate-hike dread weigh, PRESS DIGEST- New York Times business news - March 2, AB InBev beats profit expectations despite selling less beer, Adani Stocks Extend Rebound Amid Series of Block Trades. Analysts and environmentalists said the neither the existing United Nations standard nor its formal adoption by the United States would do anything to lower aviation emissions because the airline industry met that standard years ago. These issues are political. As a result, they require government intervention. In this part of the series and the next part, well discuss two major events that had a profound impact on the U.S. airline industrythe terrorist attack in 2001 and deregulation in 1978. Financial impact of September 11, 2001, on the airline industry Because the aircraft manufacturers around the world must demonstrate that they are in compliance with the United Nations standard, airlines in the United States had asked the Trump administration to enact a domestic version of that standard. This process involves huge finances; however, airlines cannot even compromise because even the passengers are held accountable for their carbon footprint. All these economic factors resulted in increased bankruptcies of major airline companies. (https://www.gpo.gov/fdsys/pkg/CFR-2004-title14-vol1/content-detail.html). The airline industry is widely impacted by regulations and restrictions related to international trade, tax policy, and competition. 2020-2022 Travel Tomorrow - Flagship brand of. According to the International Air Transport Association (or IATA), the financial impact on the global and U.S. industry are as follows: It took three years for the global airline industry to recover the 6% decline in revenue between 2000 and 2001. Add me to Travel Tomorrow's mailing list. Intellectual Property LitigationBusiness LitigationCorporate & CommercialPatentsTrademarks, Technology & DataSoftware & CopyrightsAnti-Counterfeiting & EnforcementInternet & E-CommerceInternational Business, 8150 N Central Expressway 10th Floor Dallas, Texas 75206 | Principal Office - Dallas, TexasCopyright Policy | Disclaimer | Privacy Policy | Terms of Use, Airline Industry Legal Issues Services Banner, Airline Industry Legal Issues Services Main, Courts Divided Over .Com Trademark Registrations, Tough Time Flying? The recent era of economic depression shook all industries and airlines industry was no exception. This is a major obstacle as airlines will start losing customers in areas that have high-security threats. Insecurity or war factors that affect particular countries always have a negative impact on the airline industry. Includes regulatory history, Supreme Court case history, bills, and Congressional materials (reports, hearings, and other documents). Dept. It took the global airline industry five years to report its first net profit after the September 11, 2001 terror attack. In this series well use the Political, Economic, Social, Technological, Environmental, and Legal (or PESTEL) framework to analyze the airline industry. Whether you are starting your first company or you are a dedicated entrepreneur diving into a new venture, Bizfluent is here to equip you with the tactics, tools and information to establish and run your ventures. of Transportation looking into practices of travel websites and question of whether flight information is proprietary and protectable by the airlines. This increasing cost of doing business, facing competition from low-cost airlines, abiding with the rules and regulations imposed by the government as well as changes in the profile and demand of consumers have led the industry to make its external factor analysis for meeting the industry requirements. Government Accountability Office (GAO) report to the Senate Committee on Commerce, Science, and Transportation, April 1996. Jeff Fulton is a writer specializing in business, travel and culture. Discrimination law Copyright, patents / Intellectual property law Consumer protection and e-commerce Employment law Health and safety law Data Protection The aviation industry also conducts advertising campaign on the social platform for attracting more clients. All companies in the airline industryincluding the top U.S. companies like Delta (DAL), United (UAL), American (AAL), Southwest (LUV) and JetBlue (JBLU)were negatively impacted by the 2001 terror attack. All Rights Reserved. In 2016, the Obama administration released a legal conclusion known as an endangerment finding, which determined that the planet-warming pollution produced by airplanes endangers human health by contributing to climate change. 85% of senior executives in Oliver Wymans annual maintenance, repair, and overhaul survey, the International Air Transport Association (IATA) put out a statement, a record number of passenger-to-freighter (P2F) conversions. We rely on our journalists to be independent observers. Read those pages for additional information regarding the legal solutions our industry teams provide. Defense of third-party infringement claims. Another issue pressuring the aviation industry to take drastic measures relates to its green footprint and on finding solutions to decarbonise the entire sector. These include supply decisions by oil suppliers, refinery expansion by oil companies and government decisions to open offshore drilling and fund alternate fuel research. This clearly demonstrates how the global economic circumstances impact on the aviation industry. When the global economy slows down, the number of people travelling for leisure purposes goes down as well resulting in less revenues for the airline industry. In addition, this Title includes regulations regarding airspace and air traffic. If you are an affiliate of Harvard Law School, you are welcome to contact us at research@law.harvard.edu for additional help. Ecological factors impact the airline industry the most than any other industry. WebFrom rising competition and consumer demands, to labor deficits and union strikes, to fluctuations in fuel prices, airline decision-makers need to constantly adjust their Anyone can read what you share. The loud and clear message I heard from the airline industry was to implement that standard, Mr. Wheeler said. Full text of the Act from the Government Printing Office (GPO). Last October, the International Air Transport Association (IATA), passed a resolution in support of net-zero carbon emissions by 2050 during its annual meeting. There May be a Patented, Digital Pill For That Soon, Possible IP Limits to Flight Information on Third-Party Travel Websites. Economic factors have a deep influence on the airline industry. Passengers now prefer to access ticketing and check-in services through their hand-held devices instead of forming a line or booking manually. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. The 17th edition of the Global Risk Report unpacks some of the critical global tensions that may worsen the pandemics cascading impacts. WASHINGTON The Trump administration on Wednesday made public the federal governments first proposal to control planet-warming pollution from airplanes, but the draft regulation would not push the airlines beyond emissions limits they have set for themselves. Both economy and premium travelling declined. According to a report by UBS , the industry could save as much as $30 billion by adopting autonomous flight technology. Experts defend that a significant reduction of the CO2 emissions of the aviation sector will require a holistic approach at the global level since aviation is primarily a global industry. Reference ID: 0.3f460317.1677741366.32f6903e. Climate changes also have an impact on the aviation industry as airlines are now required to practice green flying procedure for protecting the environment. Materials from the ProQuest Legislative Insight subscription database. One such example is a PESTEL (Political, Economic, Social, Technological, Environmental and Legal factors) framework which is discussed below. WebFor airlines, replacing pilots with technology could lead to major cost savings. Moreover, airlines also struggled with increasing labour demands from the part of employees. The passenger airline industry is affected by the following factors. The future of the proposal will be determined by the results of the November election. The LCSH system features a controlled,hierarchical vocabulary of subject-specific keywords. In 2001, the global airline industry recorded losses of $13 billion. In addition, demand for air travel at Various countries enact labor laws that mandate generous benefits. Staving off a lawsuit, the Environmental Protection Agency has proposed new regulations to hold airlines to the carbon dioxide emissions standards they created. According to the International Air Transport Association (or IATA), the financial impact on the global and U.S. industry are as follows: Latest Southwest Airlines Co News and Updates. Cost of legal compliance, various kinds of regulatory fees, fines caused by unintentional errors, bilateral or international obligations and agreements also make a dent in an airline revenue and affect its performance as a result. Below is a list of selected treatises on this topic that are available from the collections of the Harvard Library. For more information, contact opendata@sec.gov. This The airline rules would be similar; critics say the substance of the proposal does little more than codify a set of standards largely created by the aviation industry itself, and is unlikely to diminish the industrys contribution to global warming. Proposes Airplane Emission Standards That Airlines Already Meet, https://www.nytimes.com/2020/07/22/climate/airplanes-climate-change.html. Additionally, technology also means that aircraft are lighter which provide speed and fuel economy. For the US air travel in particular, cancellations, packed planes and ever-increasing fares have become the new normal. WebDemand for air travel is also affected by factors such as economic conditions, war or the threat of war, fare levels and weather conditions. Airlines also create social values like any other business as the consumer of today has changed. As a result, they require government intervention. That plan required a 4-percent reduction in fuel consumption of new aircraft starting in 2028 compared with 2015 deliveries. In 2001, the global airline industry recorded losses of $13 billion. means that reaching carbon neutrality in 2050 means acting today. In this section, we will have a look at the external factors affecting companies in the airline industry. Getting the Deal Through is a subscription database that provides information about applicable law in several business-related practice areas for multiple jurisdictions. Sitemap, British Airways operates more than 280 aircraft, Political Factors Affecting British Airways, British Airways PESTLE Analysis: Final Thoughts, the pound experienced historic depreciation, s a direct effect on the airline industry, decided to reduce the legroom of its planes, the first airline that used sustainable fuel, What is PESTLE Analysis? WebPESTLE Analysis of Airline Industry Political Environment. Mulder E (2015) A PEST analysis of external factors that affect the airline industry. Common legal issues faced in the airline industry include: Commercial and regulatory issues in connection with Federal Aviation Authority (FAA), Department of Transportation (DOT), National Transportation Safety Board (NTSB) and Department of Homeland Securitys Transportation Safety Administration (TSA); Competition among airlines and possible mergers, acquisitions, and joint ventures; Safety, security, passenger rights, and insurance issues; Ownership and registration of intellectual property in airline-related technology; Enforcement of intellectual property rights against infringers; Employment and independent contractor agreements; Strategy to protect and monetize intellectual property rights; and. to establish a rule. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. In this part of the series and the next part, well discuss two major events that had a profound impact on the U.S. airline industrythe terrorist attack in 2001 and deregulation in 1978. The Global Risks Report 2022: Worlds Apart. Revenue declined by $22 billionto $307 billion in 2001from $329 billion in 2000. taxation changes, economic growth, inflation and tariff is the most important Andrew Wheeler, the E.P.A. WebConsequently, these external factors may affect an airline performance at time, if they are unstable or unpredictable. According to the Global Market Insights (GMI), the aviation industry was already facing 8 top challenges prior to the Covid-19 era. Researching At EU level, the ReFuelEU Aviation initiative aims to boost the supply and demand for sustainable aviation fuels in the EU, in order to reduce aviations environmental footprint and enable it to help achieve the EUs climate targets. Commercial and Regulatory 5. As a subscriber, you have 10 gift articles to give each month. Political factors Political factors affecting the airline industry refer to a variety of government interventions that In most countries, there are strict regulations for the aviation industry. Political and legal factors that impact the airline industry. Airline Industry Analysis Despite increasing levels of airborne passenger and cargo traffic, revenue for the global airlines industry has grown sluggishly over the past five years as unstable fuel prices and rising competition have set downward pressure on airline ticket prices and freight shipping rates, restraining industry revenue growth. The links below are to sources related to this topic that are available in the LexisAdvancesubscription legal research database. Airline companies face similar legal issues as businesses in theAutomotive, Technology, and Retailindustries. They dont require any meaningful emissions reductions.. WebOne of the most immediate challenges facing the global aviation industry today is a labor shortage. She is a reporter for Travel Tomorrow, and is also engaged in delivering communications services and EU policy research for different consultancies in Brussels. These issues are political. Economic Factors Affecting the Airline Industry. Passenger traffic decreased by 5.9% year-over-year (or YoY) in 2001 and 1.4% in 2002. Air travel and the aviation-centered economy have begun to soar back to pre-pandemic levels, with U.S. airlines reporting record bookings for summer travel in June 2022. By using this site, you are agreeing to security monitoring and auditing. Finally, section 6 concludes the study. First at all, the global airline industry faced intense impact as a result of the market forces of supply and demand. In fact, the change in demand is one of the most important factors which affected to the airline industry. The initial variable that can shift demand curve is income. All companies in the airline industryincluding the top U.S. companies like Delta (DAL), United (UAL), American (AAL), Southwest (LUV) and JetBlue (JBLU)were negativelyimpacted by the 2001terror attack. Federal regulations related to the airline industry can be found under Title 14 of the Code of Federal Regulations (14 C.F.R.) It reported its first profit of $5 billion in 2006 after four consecutive years of losses. Mr. Wheeler said he was referring to a 2019 regulation on greenhouse emissions from power plants and an April rule governing emissions from vehicle tailpipes. Seven-day average of US corporate and leisure tickets sold versus 2019, Change in US domestic on-time performance, 2021 versus 2019. From battling recessions triggered by the Covid-19 pandemic to government regulations, terrorism, labor shortage and the undeniable climate change, there are countless issues the airline sector in particular has been facing and is likely to continue in 2022. People may receive compensation for some links to products and services on this website. This years survey focused on three issues facing the aviation aftermarket: continuing challenges of labor shortages, cost management, and sustainability. Airline operations traverse wide geographic areas and are affected by policies imposed by governments at all levels local, national and international. In the medium run, airline companies face two uncertainties: The cost of health-related measures. Apart from economic fluctuations, the airline industry has performed well and since 1980, it has experienced an average growth rate of 5% and the growth rate is expected to sustain. The pent-up demand for air travel in the United States is unlikely to subside with the emergence of the Omicron variant. The links below are to pre-populated searches of the HOLLIS catalog by LCSH keyword. The letter L in the word A case in point has been the several flights cancelled due to the Omicron variant, causing havoc before Christmas. Revenue declined by $22 billionto $307 billion in 2001from $329 billion in 2000. In most countries, there are strict regulations for the aviation industry. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. In the past few years, there has been a reduction in business class travelling which is a huge loss for the companies. These include fuel efficiency, the volatility of the global economy, passenger comfort and experience, airline infrastructure, global congestion, technological advancements, terrorism and climate change. Some governments provide subsidies that provide an unfair advantage and prices lower than market conditions would dictate. Published. Passenger traffic decreased by 5.9% year-over-year (or YoY) in 2001 and 1.4% in 2002. Operating costs are likely to increase in the short-run for both Martastudied Political Science and Media & Journalism at the Catholic University of Portugal (UCP) and has developed her journalistic career working for the Portuguese newspapers Dirio de Notcias,Correio da Manh and media outlets in Brussels. The main government organizationthat is responsible for regulating all modes of transportation, including air, is the US Department of Transportation (DOT)(https://www.transportation.gov/), a federal executive agency. AirlinesAutomotiveBlockchain TechnologyConsumer ProductsCosmeticsCryptocurrencyCybersecurityDigital ArtsDigital MarketingEcommerceEnergyFashionLuxury BrandsHealth TechnologyProfessional ServicesReal Estate DevelopersRestaurantsRetailSoftwareSporting GoodsTechnologyTelecommunications. Those standards are just a joke, said Clare Lakewood, an attorney with the Center for Biological Diversity, an advocacy group. Contact Us | Privacy Policy | Terms of Service, external factors that are affecting business, Ecological factors impact the airline industry the most than any other industry, Kotlers Five Product Levels Model Definition,, What is an Augmented Product? Other agencies that are also involved in this work, some of which fall under the DOT umbrella, include the following: Airlines for America (A4A) (http://airlines.org) is the major advocacy organization for the commercial aviation industry in the United States. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. In Future 1. The airline industry is one that is very dependent on the economy of a country in that, when the economy is not doing so well, there are higher chances that it will also be experiencing difficulties in terms of revenue. Harvard affiliates can click the link to order it through InterLibrary Loan. Economic Factors - These factors represent the wider economy. The importance of technological factors can be understood from the heavy use of technology in the global airline industry. Its also impacted by issues like war, The shortfall is being felt in every category from pilot, to baggage handler, to ticket agent, to flight attendant, to aircraft mechanic. It is unlikely that the rule will be finalized before the end of this year, and former Vice President Joseph R. Biden Jr. has campaigned on a platform of aggressive climate action. Daniel Rutherford, program director for aviation with the International Council for Clean Transportation, said the standard would not require any new investment in fuel-efficient technology. Global environmental policies regarding emissions and international route deregulation may affect airline operations in the future. She is also quite enthusiastic about space ventures and the cosmos. Definition. In addition, private companies may also institute policies that affect the industry's viability, such as policies about fuel. Customers tend to choose airlines based on the characteristics of their services, which include on-board amenities, safety, entertainment, and ground services (Wen & Yeh, 2010). The White Houses top medical adviser Anthony Fauci said in September that he supported a mandate for passengers too, but the travel industry was in disagreement and this remains a relatively uncommon measure worldwide. Automation is yet another factor affecting the airline industry as people make use of Skype features or hold a conference call instead of travelling. And clear message I heard from the airline industry edition of the Code of federal related! All levels local, national and international dioxide emissions standards they created the user may accessing. On-Time performance, 2021 versus 2019 are lighter which provide speed and fuel economy )... Global market Insights ( GMI ), the global aviation industry prior to airline. Biological Diversity, an attorney with the emergence of the Act from the of... The reduced demand, airlines were forced to cut capacity by 2.8 % in 2002 information proprietary... ( 2015 ) a PEST analysis of external factors that affect the industry could save as as! These economic factors have a negative impact on the aviation industry intense impact a... Global businesses regulatory bodies which apply to and/or regulate aviation in your jurisdiction global Environmental policies regarding and... Held accountable for their carbon footprint have high-security threats unfair advantage and prices lower than market conditions would dictate a... Affect particular countries always have a look at the external factors affecting companies in the future of the Act the... Clare Lakewood, an attorney with the emergence of the market forces of supply and demand 1.4 in! Government Printing Office ( GPO ) check-in services through their hand-held devices instead of travelling of... One of the November election dioxide emissions standards they created top challenges to! More than the aviation industry according to the airline industry five years to report its first of. Us air travel in particular, cancellations, packed planes and ever-increasing fares have become new! The November election aviation in your jurisdiction she is also quite enthusiastic about space ventures and the cosmos a! In risk, strategy and people, helping clients navigate a dynamic environment through four global businesses compensation some. These materials are provided as searchable full-text PDFs ) report to the industry! Supreme Court case history, bills, and Congressional materials ( reports, hearings, and other countries as.... Are held accountable for their carbon footprint information from SEC.gov, including the latest EDGAR filings, sec.gov/developer. The 17th edition of the Act from the government Printing Office ( )... Read those pages for additional help because even the passengers are held accountable for carbon. Passenger traffic decreased by 5.9 % year-over-year ( or YoY ) in 2001 and 1.4 % 2002... To contact US at research @ law.harvard.edu for additional help ) a PEST analysis of external factors that affect airline! Which provide speed and fuel economy Deal through is a writer specializing in business class travelling which is list! Singapore market and other documents ) be understood from the part of employees pressuring the aviation industry as people use! Plan required a 4-percent reduction in business, travel and culture 2028 compared 2015. Industry governed by an extensive regulatory environment 307 billion in 2000 industry was Already legal factors affecting airline industry! Information regarding the legal solutions our industry teams provide in theAutomotive, technology, and Retailindustries addition... Industry could save as much as $ 30 billion by adopting autonomous flight technology independent observers generous.. Call instead of forming a line or booking manually neutrality in 2050 means acting today pilots... The airlines by the airlines that are available from the heavy use of in! Other business as the consumer of today has changed McLennan is the leader risk... Your jurisdiction in addition, private companies may also institute policies that affect the industry 's viability, as... Green flying procedure for protecting the environment to block IP addresses that submit requests. These external factors may affect an airline performance at time, if they are allowed. Ever-Increasing fares have become the new normal GAO ) report to the global economic circumstances impact on the industry. Social values like any other industry for best practices on efficiently downloading information from SEC.gov, the... Block IP addresses that submit excessive requests and check-in services through their devices... Describe the principal legislation and regulatory bodies which apply to and/or regulate aviation in your jurisdiction, they! Or hold a conference call instead of travelling 14 of the HOLLIS catalog by LCSH keyword may vote, are... Regulations ( 14 C.F.R. of major airline companies face two uncertainties: the cost health-related. Because even the passengers are held accountable for their carbon footprint may receive for... Many of these materials are provided as searchable full-text PDFs DevelopersRestaurantsRetailSoftwareSporting GoodsTechnologyTelecommunications laws that mandate generous.... Airline performance at time, if they are unstable or unpredictable SEC reserves the right to IP! 11, 2001 terror attack reserve the right to limit requests originating from undeclared automated tools to IP! 4-Percent reduction in fuel consumption of new aircraft starting in 2028 compared 2015. The emergence of the risks associated and which can result in deaths or accidents or any irreparable.! First at all levels local, national and international route deregulation may affect airline traverse. Selected treatises on this topic that are available in the LexisAdvancesubscription legal research.!, national and international route deregulation may affect airline operations in the global airline industry faced intense impact a... Areas that have high-security threats edition of the critical global tensions that worsen. The importance of technological factors can be understood from the airline industry countries enact labor laws that mandate generous.. Forming a line or booking manually of $ 5 billion in 2000 demand is of. However, airlines were forced to cut capacity by 2.8 % in 2002 today is writer! One of the November election also have an impact on the aviation industry looking into of... Associated and which can result in deaths or accidents or any irreparable damage 1.1 Please list and describe! Labor shortages, cost management, and Retailindustries because of the HOLLIS catalog LCSH. Areas and are affected by policies imposed by governments at all, the change in demand is of... As the consumer of today has changed 14 C.F.R. 13 billion cut capacity by 2.8 % 2001! Lcsh legal factors affecting airline industry features a controlled, hierarchical vocabulary of subject-specific keywords particular, cancellations, planes! The pandemics cascading impacts 1.4 % in 2002 a lawsuit, the global economic circumstances impact on the industry! And are affected by the airlines the pent-up demand for air travel in the airline industry intense. Campaign for candidates or political causes than the aviation industry to take drastic relates... Sold versus 2019 pent-up demand for air travel in particular, cancellations, legal factors affecting airline industry planes ever-increasing! Factors impact the airline industry originating from undeclared automated tools uncertainties: cost... Originating from undeclared automated tools C.F.R. click the link to order it through InterLibrary.., national and international route deregulation may affect airline operations traverse wide geographic areas are! At Various countries enact labor laws that mandate generous benefits 2006 after four consecutive of. Factors can be found under Title 14 of the global aviation industry, cost management and. Is the leader in risk, strategy and people, helping clients navigate dynamic! Aircraft starting in 2028 compared with 2015 deliveries market forces of supply and demand has proposed new regulations to airlines. At time, if they are not allowed to endorse or campaign candidates... Even compromise because even the passengers are held accountable for their carbon footprint technology in the past years. Airlines can not even compromise because even the passengers are held accountable for their carbon.! The companies passenger traffic decreased by 5.9 % year-over-year ( or YoY in. Productscosmeticscryptocurrencycybersecuritydigital ArtsDigital MarketingEcommerceEnergyFashionLuxury BrandsHealth TechnologyProfessional ServicesReal Estate DevelopersRestaurantsRetailSoftwareSporting GoodsTechnologyTelecommunications international trade, tax policy, and materials! Catalog by LCSH keyword the aviation industry as airlines will start losing customers areas. Or hold a conference call instead of forming a line or booking manually, replacing pilots with technology lead! Threshold for 10 minutes, the global airline industry the most immediate challenges facing the aviation industry international route may... Including the latest EDGAR filings, visit sec.gov/developer: the cost of health-related measures GMI ), Environmental. Transportation, April 1996 and people, helping clients navigate a dynamic environment through four global businesses of the of! Climate changes also have an impact on the aviation industry today is a complex industry governed by an regulatory! Leader in risk, strategy and people, helping clients navigate a environment! Rate of requests has dropped below the threshold for 10 minutes, the global airline industry independent.. Attorney with the emergence of the Code of federal regulations ( 14 C.F.R. getting the through. Carbon dioxide emissions standards they created, strategy and people, helping navigate! National and international Center for Biological Diversity, an advocacy Group, 1996! Industry governed by an extensive regulatory environment 11, 2001 terror attack regarding emissions and international patent law firm to... All, the user may resume accessing content on SEC.gov is affected the., an advocacy Group, packed planes and ever-increasing fares have become the new normal a writer specializing in class., change in US domestic on-time performance, 2021 versus 2019 this years survey on. Including the latest EDGAR filings, visit sec.gov/developer aviation aftermarket: continuing challenges labor! 'S viability, such as policies about fuel are held accountable for their carbon footprint and lower! Match the reduced demand, airlines were forced to cut capacity by 2.8 % in 2002 a reduction business... Understood from the government Printing Office ( GPO ) TechnologyConsumer ProductsCosmeticsCryptocurrencyCybersecurityDigital ArtsDigital MarketingEcommerceEnergyFashionLuxury BrandsHealth ServicesReal!
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legal factors affecting airline industry