Industry Overview of the Airline Industry

Surviving all odds could be considered a slogan for the U.S. Airlines Industry.

Through inflation, depression, terrorist body process and much more the Airline Industry has taken several(prenominal) set backs and still managed to survive. While profits have swerve a great deal, the U.S. Airline Industry can be characterized by it steady proceeds, falling prices and overall stability and confer a great deal to this frugal system. In a brief study of the U.S. Airlines as viewed though certain economic indicators should prove the resilience of this industry. Much like any other business the success and failure are dependant generally on the economic it which operates in. To discuss the impact of the Airlines and macro political economy one might look at the background and a few economic indicators.

Certainly in 1903, when the Wright brothers first success fledge in Kitty Hawk, North Carolina they had no idea this would position the beginning of the aviation industry.

(www.scriptorium.lib.duke.edu, July 31, 2005). The public was not ready of carpenters plane travel just yet. The development of the Airline industry could be credited to World War I. After the war, the government stop funding research and development. Once Charles Lindberg success integraly completed a solo flight across the Atlantic Ocean this created a huge interest in flying. Then a commixture of picnic dose safekeeping companies were formed.



One major holding company that is still world recognized, Boeing form its air transportation division in 1928. On big factor that contributed to the growth of this industry was the development of transport mail by the U.S. postal Service.

In 1926 the Air Commerce Act was passed, allowing Federal relation of air traffic. In 1938 Civil Aeronautics Authority was developed. (www.scriptorium.lib.duke.edu, July 31, 2005) That same year the DC-3 was created to carry both passengers and mail. The 1950s...

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