Aviation Industry Overview

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Questions and Answers

Which industry generates over $100 Billion annually in economic activity?

  • Agriculture
  • Telecommunications
  • Biotechnology
  • General Aviation (correct)

How many major manufacturers are there for medium-range and long-range jet aircraft used by airlines?

  • Five
  • Four (correct)
  • Three
  • One

What is the term used for an aircraft manufacturer's production before engines, avionics, and cabin arrangements are added?

  • Pre-Engine Build
  • "Bare Plane"
  • "Green Aircraft" (correct)
  • Airframe Plus

Before deregulation, which type of airplanes experienced huge excess supply and were used commercially?

<p>Military transport airplanes (D)</p> Signup and view all the answers

What impact did the deregulation have on the airline industry?

<p>The market share of major airlines decreased while low-cost carriers gained market share. (A)</p> Signup and view all the answers

What changes in the types of airlines occurred after deregulation?

<p>Regional and commuter airlines emerged in the 1980s, followed by new generation low-cost carriers and small jet providers in subsequent decades. (B)</p> Signup and view all the answers

How did the percentage of passengers traveling on discount fares change over time?

<p>The percentage increased significantly over the years. (A)</p> Signup and view all the answers

What happened to the market value of Southwest Airlines and United Airlines after the millennium?

<p>Southwest Airlines' market value jumped significantly while United Airlines' market value dropped. (C)</p> Signup and view all the answers

What impact did deregulation have on airfares?

<p>Fell by more than 40% (B)</p> Signup and view all the answers

How did load factors change as a result of increased airline services with lower fares?

<p>Increased from 49% to 58% (C)</p> Signup and view all the answers

What was one of the consequences of increased load factors at airports and air traffic systems?

<p>Introduction of slot applications (A)</p> Signup and view all the answers

What new marketing and financial tool did airline management introduce post-deregulation?

<p>Frequent Flyer Programs (FFP) (D)</p> Signup and view all the answers

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