Aviation industry- supply and demand factors
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The ppt talks about supply and demand factors affecting airlines industry and in the end gives recommendation to Airlines industry
Aviation industry- supply and demand factors
- 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 CUSTOMERS INCOME LEVEL OF PASSENGERS FUTURE PRICES PRICE OF COMPETITORS
- 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.