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Showing posts from April, 2017

Economist | Police drag a man from a United Airlines plane

Within the past couple weeks, the media had a frenzy regarding one of the nations’ air carrier United Airlines decision on customer removal. The airline experienced an overbooking situation which is not uncommon within the airline industry and solicit volunteers to give up their seats for a monetary amount. The airline industry continues to be a very lucrative market especially since the cost of fuel is low. Additionally, emerging markets and globalization has led to an increase demand for air travel.  While the airlines often make profitable gains from overbooking, the situation can be a big inconvenience for passengers who are solicited. Working for an airline has provided the necessary knowledge as it relates to overbooking. Many people view this has a bad thing but for the airlines it makes the most sense from an economic stance. When customers often book flights, they may choose their seats, but in actuality on some airlines, that seat is not guaranteed. Instead, a passenge...

The Economic Reality Behind Boeing's New Plane

The aviation industry exists in an intensely competitive market which possesses many threats and challenges for not only airlines but aircraft manufacturers. Such an industry has contributed the economies of many countries and serves as a global hub for the transition of business all while incorporating new and innovative means of travel. The airline industry has altered the way in which people live, and how business are conducted. The mass amount of aircraft making up the airline industry can be contributed to many aircraft manufacturing companies. One of which is the Boeing Company which changed the way how the aviation industry views  technology by introducing more modernized means of transportation which caters to the traveling public and exemplifies what luxury is like within the skies. Just recently, President Trump visited the inaugural celebration for Boeing’s 787 Dream liner series. The new model series has said to be the most economical where it can transport a large...