Now consumers and travelers can go online and purchase the time, place of departure, place of arrival and expenses on the internet. They have also developed a quick and easier way to purchase access on to an airline in the airports itself to make it easier and more satisfying to the consumer. .
Geographic location of the industry, profit trends and near competitors: Every business, corporation, or industry is faced with the areas that are listed above (profit, location, and competition. It is all based on how the management plans to increase and maintain or stay on top.
The U.S. airline industry is based out of the U.S. There are more industries outside this region but is not the focus of this analysis. Within this industry there are different types of companies such as America, Continental, Delta, Northwest, Southwest, and US Airways. All these companies are developed for the same reasons and it depends on how they recognize what needs to be in their strategic planning and to know what their strengths, weaknesses, opportunities, and threats are.
In the early 2000, the growth in the airline industry was hopefully around 5%. Because of the scare of 9-11, the industry felt that their would be too many seats chasing too fewer passengers. (Business Week, 1999) The empty seat range was to drop to 17%. Their was a promising build up within the next two years (currently) and it has shown. The planning and strategies that were applies after this tragic event has lead to a new line of trust between the consumers and the US Airline Industry. .
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B.) Factors that influence demand.
This industry is an example of an industry that is growing and trying to stay afloat even though the economy is slowing down and consumers are becoming more attached to not spending income so rapidly. With there being a huge impact on the pressure of the economy, the trends within the U.S. Airline Industry has changed over the years.
