ECO204Y1 Study Guide - Quiz Guide: Canadian Aviation Regulations, Canadian Airlines, Air Canada
16 Mar 2018
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Document Summary
Flying preferences: monetary costs, timeliness, and comfort. Air travel is largely differentiated - minimal substitutes. Airline industry should work with airports, travel agencies and governments to complement their services and products. Current trends of airline industry include increasing international competition, canadians travelling to. Us to fly, ultra-low cost airlines and using canada as a stop-over point. In canada regulations include the aeronautics act, cars, and other acts related to air transport. Many externalities come along with the development of air travel main issue is pollution. Technology evolvement has affected the airline industry by reducing costs and pollution, increasing speed, expanding capacity and integrating flexibility to products and services. Aircraft design with the development of nanotechnology has improved reducing externalities. Pollution has been minimized by using alternate power sources and using recyclable materials in aircraft construction. The market dynamic in canada equates to short flights at budget prices.
