Global commercial airline industry outlook

12:59 AM |

Airline is basically type of global business. That moves people and goods from one place to another place. We can also say it is a system of transportation. This industry offers both social and economic benefits in term of by providing jobs to people and also by serving tourism. The major strength of airline is the product itself. From pilot to ground floor work all staff is fully trained and have experienced in their field. To achieve their desire goal, airline industry adopts various strategic goals i.e. top quality service; maintain leading position in the market, meet customers need, and top class service. Delta airline is said to be a world best airline. Delta airline recorded double the profit of its nearest competitors. Its net profit is $12.7 billion improving from $98 million the previous year. The air New Zealand is said to be a world second best airline. Air New Zealand is being privileged for its best financial performance, customer’s safety, experienced staff and it’s in flight innovations. This airline is said to be a leader airline in the industry of airline and also won many awards. Emirates, Qatar airline, Singapore airline, jet blue airline, Asian Airlines, Cathay Pacific Airways, Etihad Airways, Garuda Indonesia, Turkish Airlines, Qantas Airways are also said to b a world best airlines.

The main missions of these airlines are build trustworthiness among their customers through multiple brand and great experiences. Safety of passengers is their first priority. ITAT predict jump in the net profit of airline industry. In 2013 industry gain $12.9 billion profit and in 2014 it increases to $ 19.7 billion. The Global Airline Industry Expected to Reach $767 Billion by 2018. According to ATW's 40th Annual Airline Industry Achievement Awards: the best airline of the year is delta airlines, also Etihad Airline is said to b best market leadership airline, jet blue airline is said to be a best technology leadership airline.

It is recommended airline industry should maintain their benchmark. They should provide holiday package to families. Also they offer best discount package to their regular passengers. There should b a workout area for youngsters for time pass as flights are so long distance. Still there is number of problems and issue in this industry so it is the responsibility of airways industry to make new strategies to solve it. Otherwise they did not maintain their loyal customers.