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Aviation industry converted (1) (1) (2) (1)

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KartikBalaji1

Oligopoly is a market structure with a small number of sellers who produce similar or differentiated products. Each seller has some market power and faces competition from other sellers. Oligopolies can be collusive, where sellers cooperate to set prices, or non-collusive. The aviation industry has an oligopolistic market structure with a few major airlines dominating the market. Demand and supply in the aviation industry are affected by factors like income, fuel prices, and government policies. Improvements to airport security technology may help screen passengers more efficiently.

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Krishank Kapoor Ishita Kumar Kartik Balaji Leela Krishna Joydeep Kaur Gourangi Agarwal
Oligopoly market structure is a structure of market in which there is an imperfect competition among few number of sellers. In this market structure every firm has enough power to save itself from being a price taker but do not have enough market strength to say that market demand is created by the firm itself, as each firm faces enough rivalry from the competitors. Oligopoly can either be collusive or non-collusive. Market structure of aviation industry OLIGOPOLY
CHARACTERISTICS OF OLIGOPOLISTIC MARKET STRUCTURE Barriers to entry Few number of sellers The product or service sold/provided is either homogeneous or differentiated Huge capital investment Interdependence
Factors affecting the demand of Aviation Industry PRICE PREFERENCE OF CUSTOMERSINCOME LEVEL OF PASSENGERS FUTURE PRICES PRICE OF COMPETITORS &RELATED EXPENSES
Factors affecting supply in Aviation Industry Fuel price Interest rate Government Policies Climatic conditions Supplier price Availability of alternatives
Aviation industry converted (1) (1) (2) (1)
RECOMMENDATIONS There is high potential in Tier II and Tier III cities. Airline companies have to explore these options for better revenue. Improvements to current metal-detector portal technology are expected to be transparent to passengers and the security-screening personnel. However, these improvements may increase screening efficiency by decreasing the number of false alarms and by allowing the screening personnel to resolve these alarms more quickly by providing information about the specific type and location of the object that triggered the alarm.
Aviation industry converted (1) (1) (2) (1)

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Aviation industry converted (1) (1) (2) (1)

  • 1. Krishank Kapoor Ishita Kumar Kartik Balaji Leela Krishna Joydeep Kaur Gourangi Agarwal
  • 2. Oligopoly market structure is a structure of market in which there is an imperfect competition among few number of sellers. In this market structure every firm has enough power to save itself from being a price taker but do not have enough market strength to say that market demand is created by the firm itself, as each firm faces enough rivalry from the competitors. Oligopoly can either be collusive or non-collusive. Market structure of aviation industry OLIGOPOLY
  • 3. CHARACTERISTICS OF OLIGOPOLISTIC MARKET STRUCTURE Barriers to entry Few number of sellers The product or service sold/provided is either homogeneous or differentiated Huge capital investment Interdependence
  • 4. Factors affecting the demand of Aviation Industry PRICE PREFERENCE OF CUSTOMERSINCOME LEVEL OF PASSENGERS FUTURE PRICES PRICE OF COMPETITORS &RELATED EXPENSES
  • 5. Factors affecting supply in Aviation Industry Fuel price Interest rate Government Policies Climatic conditions Supplier price Availability of alternatives
  • 7. RECOMMENDATIONS There is high potential in Tier II and Tier III cities. Airline companies have to explore these options for better revenue. Improvements to current metal-detector portal technology are expected to be transparent to passengers and the security-screening personnel. However, these improvements may increase screening efficiency by decreasing the number of false alarms and by allowing the screening personnel to resolve these alarms more quickly by providing information about the specific type and location of the object that triggered the alarm.