Airline Industry

The airline industry is capitalintensive, with the result that entry and exit into the market is difficult. Because of this, domestic American carriers are publicly held corporations who use their stockholder equity as a primary source of funds. In the international market, carriers are often run by the government, or by organizations which have strong government ties and which operate as pseudo-government entities outside the realm of traditional government agencies. Even in the United States and in a "deregulated" environment, the government has a strong role in the regulations governing airlines, with the result that air carriers must abide by a large number of rules that determine their structure and ability to compete (Nelms 26).

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king with airlines to minimize traffic and noise to surrounding areas. Noise abatement could be a costly process, with some projects slated to cost more than $200 million for a single airport, and expansions, such as new terminals, were given government approval based on financial projections that indicated increased passenger traffic (Hogan, Gill and Rowe 103). The air transport industry was changed irrevocably on September 11, 2001, however, when four aircraft were highjacked and three flown into buildings. Overnight, the emphasis shifted from noise mitigation and airport expansion to airport and aircraft security. In the post-9/11 environment, airport authorities are faced with declining revenues due to lower passenger levels; this decreases the airports' ability to make the changes that were formerly in the works, and makes it even more difficult to accommodate new airport security equipment and procedures that have been mandated by the federal government. Increasingly, airport authorities must choose between security, expansion and noise mitigation. With passenger loads down, expansion plans at numerous airports have been put on hold while security activities have received the overwhelming share of new and even existing
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Some common words found in the essay are:
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Approximate Word count = 2312
Approximate Pages = 9 (250 words per page)

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