Air Industry for Pilots and Flight Attendants-myassignmenthelp

Question: Discuss about theAir Industry for Pilots and Flight Attendants. Answer: The airline industry offers service to nearly every part of the world and therefore is seen as a fundamental part of the global economy stabilizer. The airline industry itself as an economic power also assists some other related industries to grow (Vasigh Fleming, 2016). However, there are a number of challenges that the industry undergoes during its operation. Therefore, this paper will mainly address the expenses and costs that the air industry faces and how they have a resultant effect on the ticket prices and flying occurrences. Operating an airline industry is not arguably expensive especially when it comes to the management of the labor force. The labor of managing an airline industry accounts to about 35% of the total airlines operating expenses. This ranges from hiring the pilots, flight attendants among other management teams. The cost of paying the salaries to the entire flight staff is usually huge. As such, the flight management must consider this factor in the ticket pricing in order to generate some profits. Also, fuel cost for the airline industry is usually very expensive. Fuel cost represents one of the largest chunks of airline industry expenditure. Averagely, fuel expenses account for about 29% of all the operational expenditure. Jet fuel is the main type of fuel which is used by the passenger carrier flights among other aircrafts. This fuel is usually a product of oil and therefore the two are correlated. With the fluctuation of oil in the global market, the jet fuel is usually affected too. Therefore, when the oil prices go up the passenger tickets and other air transport means are also likely to increases so that the industry can realize some profits. Flight catering is becoming a more important event in the air industry. For instance, a large airline which moves over long distances is required to serve its passengers on board with meals and other required necessities. Therefore, it is required to load thousands of items before it flies (Bieger and Wittmer, 2006). These items not only range from meals but also toilet papers, newspapers, headsets among other necessities. The food items are usually fresh while other in-flight equipment for crew and passengers use tends to be recyclables. The current airline industry is very competitive and therefore the industry that provides the best onboard services are the most preferred by the passenger. Therefore, the industry has to incur a lot of costs to achieve this. In the long run, the cost of passenger tickets may also be affected. Furthermore, insurance is also a major key expense that the industry faces. Aviation insurance is usually meant to cover uncertainties in the operations of the aircraft and the risks involved in the aviation industry (Pearlson et al., 2013). The aviation policies are usually different from other modes of transport. This is because they tend to cover aviation terminology, limits, and clauses specific insurance. These insurance are usually expensive and adds cost to the operation of the airline. There are various types of aviation airlines that range from public liability, passenger liability, combined single limit, ground risk insurance and inflight insurance (Belobaba et al., 2015). Air industry also faces fees that are associated with the landing of their airlines in different airports across the world. Landing fee is usually paid by a particular aircraft so as to gain access to a landing space. The amount of fees to be paid for landing, however, varies among different airports (Miller Chen, 2004). This may result due to availability and the number of aircrafts operating the same airport. Those airports that are congested may charge a higher landing fee to create a free space for landing. The money that is collected from the landing fee is in most cases used in the maintenance of the runways, airport buildings, and taxiways. Such fees also contribute to the pricing of a passenger ticket. Overflight fees are another cost that the air industry must adhere to so as to become efficient in their operation. Every country in which the long-distance flights have to pass through imposes charges for using their airspace (Cento, 2008). Therefore, this affects the air industry to some extent. Conclusion The air industry is one of the sectors that are crucial in the global economic drive. However, this sector is faced with a number of challenges ranging from fuel cost, labor cost, airport fees, insurance and catering costs. These costs do have a resultant effect on the passenger tickets in order to realize the expected profits. However, the industry is investing in the alternatives to achieve an effective cost-cutting to even increase their profits in operation. With the current decrease in the jet fuel prices, the industry is projected to make a tremendous profit and affordable passenger prices. References Belobaba, P., Odoni, A., Barnhart, C. (Eds.). (2015).The global airline industry. John Wiley Sons. Bieger, T., Wittmer, A. (2006). Air transport and tourismPerspectives and challenges for destinations, airlines and governments.Journal of Air Transport Management,12(1), 40- 46. Cento, A. (2008).The airline industry: challenges in the 21st century. Springer Science Business Media. Miller, D., Chen, M. J. (2004). Sources and consequences of competitive inertia: A study of the US airline industry.Administrative science quarterly, 1-23. Pearlson, M., Wollersheim, C., Hileman, J. (2013). A techno?economic review of hydroprocessed renewable esters and fatty acids for jet fuel production.Biofuels, Bioproducts and Biorefining,7(1), 89-96. Vasigh, B., Fleming, K. (2016).Introduction to air transport economics: from theory to applications. Routledge.