The Airline Industry: Difference between revisions
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=Introduction= | =Introduction= | ||
Historically, air travel has survived largely through state support, whether in the form of equity or subsidies. The airline industry as a whole has made a cumulative loss during its 120-year history, once the costs include subsidies for aircraft development and airport construction | Historically, air travel has survived largely through state support, whether in the form of equity or subsidies. The airline industry as a whole has made a cumulative loss during its 120-year history, once the costs include subsidies for aircraft development and airport construction. Many large airlines today are privately owned and are therefore governed by microeconomic principles in order to maximize shareholder profit. | ||
<p align="right">[[Image:Airbus.jpg|thumb|Description]] | <p align="right">[[Image:Airbus.jpg|thumb|Description]] | ||
Revision as of 01:51, 9 November 2007
Introduction
Historically, air travel has survived largely through state support, whether in the form of equity or subsidies. The airline industry as a whole has made a cumulative loss during its 120-year history, once the costs include subsidies for aircraft development and airport construction. Many large airlines today are privately owned and are therefore governed by microeconomic principles in order to maximize shareholder profit.
Group Members
Ted Sirvaitis (Sirvaitr)
Michael Outwin (Outwinm)
Alex Baranick (Baranica)
Kaitlin Van Wagner (Vanwagnk)
