ECO204Y1 Study Guide - Quiz Guide: Transport Canada, The Canadian Encyclopedia, Fuselage
16 Mar 2018
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Document Summary
Technological and regulatory environment of the canadian airline industry. Canadian airline industry plays a key role in the transportation network as it enables ease of access to all industries and sectors in the country. Canadian cities contain large international airports that link canada to international markets as well as international destinations, while domestic airports act more like a feeding section for these large airports. Despite the successes of this industry, generating more than billion in revenue, it encounters challenges when facing a competitive and fast-pace evolving global industry. After the deregulation, the canadian airline industry experienced a growth rate of. 80%, because air carriers now respond to alternations of demand and supply curves. Many laws and regulations have been set in place in order to promote safety and efficiency of air travelling, turning it into a mix of a competitive and regulated industry.
