ECO204Y1 Study Guide - Quiz Guide: Canadian Airlines, Oligopoly, Give-Away Shop
16 Mar 2018
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Document Summary
Changes in oil prices and a weak canadian economy has a huge impact on canadian airline industry"s profitability. Canadian airlines must monitor, adapt, and integrate new changes to maintain profitability. Key factors: price of oil has been declining globally, canada"s currency is fluctuating and weak, oil is one of largest expense incurred by airlines, technological advances can increase efficiency of industry. The canadian airline industry has new competitors: canadian airline industry is monopolistic/oligopolistic in canada, globally, airline industry is competitive in nature, fast-paced and evolving due to deregulation, new competitors from developing nations and ultra-low cost airlines. The 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 destinations, facilitating economic development and technological advancements.
