Abstract
About this report
This report reviews recent developments in the airline industry and offers insight into future trends for the sector. The report begins with an overview of the current outlook for the economy and for the trend in spending on travel and tourism. As well as a discussion of the major international carriers, the impact of the worldwide economic and financial crisis on the sector is explored, including recent corporate results, bankruptcies and mergers, capacity cutbacks and cost-cutting initiatives. Other topics treated in depth include: the low-cost carrier (LCC) business model; the major airline alliances; distribution trends including frequent-flyer programmes; security and safety; airport relations including fees and capacity constraints, and environmental restrictions.
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