INTRODUCTION TO AIRLINE ECONOMICS
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INTRODUCTION
Being an aviation student, having an idea about the Airline Industry and Economics is important to understand. What the Airline structure is, and how an Airline operates is outlined in 'An Introduction to Airline Economics Sixth Edition'. This book report with take us into a detailed study of the operations of an Airline from a financial point. Economics was an unfamiliar subject to me, but after reading this book I was able to understand the basic economics on how an Airline is run. In my opinion, the author, Mr. O'Connor, tried to explain the difficult world of airline business as simply as possible so that a beginner, like myself, can have an idea about the economics.
This is a great book about Business Strategy and Economics in the airline industry; furthermore, it provides a quick overview and insight into the airline business. It also goes on to explain the traditional points and current trends happening in a fast-paced and ever-changing industry in detail.
BOOK DESCRIPTION
The author said on the very first page of this book, 'This book is an introduction to the economics of the airline services of the United States, both domestic and international.' According to this quotation, this book is all about the Economics of Airlines in the US such as, what the airline structure looks like, how the airlines can get revenue or profit, how the Airline services regulates airfares, etc...