pad 599 week 10
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pad599week10sampleslide.pptx
The Aerospace industry
Maria Young
SWS100
Prof. Smith
July 31, 2020
Aerospace Industry
Goods and services
Economic factors
Future Trends
Goods and Services
Enables passengers to travel using different types of planes and routes
Credit cards with airline miles
Differences in price values based on their travel preferences
Time of day
Location of travel
Type of aircraft
Seating preferences
Economic Factors
Law of Supply
Maximize profit by having more flights running and charging a more expensive price
Find flight times that might maximize their number of passengers per flight
Law of Demand
Customers travel more if are more affordable
Last-minute sales from the airline companies posted online to encourage travel
Evaluate prices to compare with competitor’s rates
Future Trends
Over “42,000 flights and 2.5 million passengers” (Federal Aviation Administration, 1)
Notable trend over the past decade is an overall decrease in business travel (Snyder, 2)
Sources
Federal Aviation Administration. 2017. Air Traffic by the Numbers. https://www.faa.gov/air_traffic/by_the_numbers/
Brett Snyder. 2009. December Premium Air Traffic Down More Than 13 Percent. https://www.cbsnews.com/news/december-premium-air-traffic-down-more-than-13- percent/
