This is significant, because it shows how in the next three years, the airlines are going to face increasing amounts of competition, in a number of different markets. This is because the industry is targeting the same demographics of business and leisure travelers. As a result, the increased amounts of deregulation, will affect the industry in the future, as increased amounts of competition will more than likely mean lower fares. Yet, some of the traditional services that many customers have become use to such as: in flight meals and curbside check in are being eliminated. This is because most airlines are seeking to lower costs as much as possible, in an effort to remain competitive with the low cost carriers and new airlines that have entered the different markets. (Cento, 2009)
Task Environment
Three different specific factors that could be affecting the airline industry in the future would include: fuel prices, labor costs and new technology. When fuel costs increase dramatically, this can have an impact upon the overall bottom line of many carriers. To protect their earnings in the future, some low cost carriers such as Southwest have begun to use hedging, as way to limit their exposure. This is where they will purchase the futures contracts for oil. If the price of crude increases; these futures contracts can be sold, helping to mitigate the effects of higher fuel prices. (Vasigh, 2008)
Labor costs are one of the biggest factors that will be affecting the airline industry well into the future. This is because the cost of a flight crew and other personnel; will cause fares to increase or decline. Within the next three years, you will see the industry continue to place pressure on the unions to maintain this low cost structure, so that the...
The deal was immediately criticized as anti-competitive by William Kennard, the chairman of the Federal Communications Commission, and by the Communications Workers of America, which represents some workers at both of the merged companies. But neither government regulators nor union bureaucrats will have the slightest impact on the latest merger. They have neither the power nor the desire to oppose the plans of the giant telecommunications monopolies. More substantial opposition
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