Passengers stuck at Hartsfield-Jackson Atlanta International Airport after an electric fire cut power to the entire airport for 12 hours. These days, are becoming safer, more efficient, and more profitable with savvier management teams. However, the problems that plague the airline industry have not gone away. The global nature of the industry makes it uniquely vulnerable to a multitude of elements ranging from insufficient infrastructure to disease epidemics to politics.The state of the airline industry is strong. Around the world, the number of people flying increased by 6.6% in 2017.In fact, the, alone, saw roughly 1.5 billion passengers pass through its terminals last year, trade group reported.Consolidation, coupled with relatively affordable fuel prices and increasingly savvy management teams has resulted in record profits for the industry.However, the airline business is not without its problems. Any cursory look at today's new will turn up any number of stories about dissatisfied customers or some facet of the industry under threat.Even as profitability remains solid, the problems that plague airlines have not gone away.
Given the significant costs invested by airlines to manage risk (e.g., life cycle management and insurance), a more targeted and forward-looking approach toward identifying strategic risk drivers that consider the unique nature of the industry should be considered, developed, and deployed. An approach that not only requires sensing mechanisms that.
In fact, they have actually become more complex.A former airline CEO once jokingly responded to my question about areas of concern in the future with 'What aren't we concerned about?' It's a fair response.
Airline Industry Analysis
The airline industry for all of its power and prestige is unique in the sheer number of factors that could negatively affect its business.Over the past couple of years, airlines have experienced major disruptions caused by everything from to catastrophic disease outbreaks.Then there are also the challenges caused by the world's ever-shifting economic and political climates. And let's not forget about the issues created by changes in our actual climate.The vulnerability of airlines to this multitude of factors has to do with the global nature of the business. The very things that make airlines so interesting and alluring are also the same things that threaten its well-being.Here's a closer look a handful of the challenges that plague the airline industry.
These days, airlines are becoming safer, more efficient, and more profitable with savvier management teams.However, the problems that plague the airline industry have not gone away.The global nature of the industry makes it uniquely vulnerable to a multitude of elements ranging from insufficient infrastructure to disease epidemics to politics.The state of the airline industry is strong. Around the world, the number of people flying increased by 6.6% in 2017.In fact, the world's 20 busiest airports, alone, saw roughly 1.5 billion passengers pass through its terminals last year, trade group Airports Council International reported.Consolidation, coupled with relatively affordable fuel prices and increasingly savvy management teams has resulted in record profits for the industry.However, the airline business is not without its problems. Any cursory look at today's new will turn up any number of stories about dissatisfied customers or some facet of the industry under threat.Even as profitability remains solid, the problems that plague airlines have not gone away.
In fact, they have actually become more complex.A former airline CEO once jokingly responded to my question about areas of concern in the future with 'What aren't we concerned about?' It's a fair response. The airline industry for all of its power and prestige is unique in the sheer number of factors that could negatively affect its business.Over the past couple of years, airlines have experienced major disruptions caused by everything from electrical fires to catastrophic disease outbreaks.Then there are also the challenges caused by the world's ever-shifting economic and political climates.
And let's not forget about the issues created by changes in our actual climate.The vulnerability of airlines to this multitude of factors has to do with the global nature of the business. The very things that make airlines so interesting and alluring are also the same things that threaten its well-being.Here's a closer look a handful of the challenges that plague the airline industry.
These days, airlines are becoming safer, more efficient, and more profitable with savvier management teams.However, the problems that plague the airline industry have not gone away.The global nature of the industry makes it uniquely vulnerable to a multitude of elements ranging from insufficient infrastructure to disease epidemics to politics.The state of the airline industry is strong. Around the world, the number of people flying increased by 6.6% in 2017.In fact, the world's 20 busiest airports, alone, saw roughly 1.5 billion passengers pass through its terminals last year, trade group Airports Council International reported.Consolidation, coupled with relatively affordable fuel prices and increasingly savvy management teams has resulted in record profits for the industry.However, the airline business is not without its problems. Any cursory look at today's new will turn up any number of stories about dissatisfied customers or some facet of the industry under threat.Even as profitability remains solid, the problems that plague airlines have not gone away. In fact, they have actually become more complex.A former airline CEO once jokingly responded to my question about areas of concern in the future with 'What aren't we concerned about?' It's a fair response.
The airline industry for all of its power and prestige is unique in the sheer number of factors that could negatively affect its business.Over the past couple of years, airlines have experienced major disruptions caused by everything from electrical fires to catastrophic disease outbreaks.Then there are also the challenges caused by the world's ever-shifting economic and political climates. And let's not forget about the issues created by changes in our actual climate.The vulnerability of airlines to this multitude of factors has to do with the global nature of the business. The very things that make airlines so interesting and alluring are also the same things that threaten its well-being.Here's a closer look a handful of the challenges that plague the airline industry.
Key US travel and hospitality industry trends for 20192019 marks a decade since the US travel industry emerged from the depths of economic recession. And what a decade it’s been. Over the past 10 years, the surge of recovery collided with an economic turning point in global emerging markets—fueling a historic burst in travel demand felt by segments across the travel industry.But growth wasn’t limited to traditional players. It’s also been a remarkable decade for travel tech.
Helped form a lattice for entirely new segments to not only enter the market—but thrive. Some private accommodation and ride-hailing brands just finding their legs in 2009 already sit side by side with the titans of travel.It’s easy to lose perspective on just how much technology has shaped the travel and hospitality industry in such a relatively short time. In 2009, the first hotel and airline apps were just hitting the market. Instagram and iPads didn’t exist.
Most travelers scoured newspapers and magazines for vacation rentals. Taxis were hailed by hand, and small luxury hotels were among the only businesses that could attempt to create a personalized experience for every guest.To learn more about technology’s role and other trends likely to impact the travel and hospitality industry in 2019,. See for more information.Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as 'Deloitte Global') does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the 'Deloitte' name in the United States and their respective affiliates.
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