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宏观经济波动对航空行业的影响--悉尼Essay代写

2016-11-04 来源: 51Due教员组 类别: Essay范文

悉尼Essay代写:“宏观经济波动对航空行业的影响”,这篇论文主要描述的是宏观经济的波动会影响着各行各业的发展,其中受影响较大的恐怕就是航空行业了,在以往的经济危机中,油价上涨和汇率波动,都直接影响着航空公司的运营成本以及收入情况,此时的航空公司只有通过降低运营的成本和提供高质量的服务来在竞争更为激烈的航空行业中取得一席之地。

essay代写,宏观经济波动,留学生作业代写,Airline management,论文代写

This part makes use of critical success factor (CSF) to analyze Virgin Atlantic Airways (Virgin) from four aspects.

Industry

Macroeconomic volatility will have a great impact on the air transport industry, especially economic recession, rising oil prices, exchange rate fluctuations will have a huge impact on cost and profitability (Loudon, 2004). For airlines, how to implement scientific cost control is very important.

Travelers are increasingly concerned about travel experience, airlines need to meet the requirements of travelers from sales, services, supporting facilities, security and other aspects (Prince and Simon, 2009), so as to allow the airline to get a place in the fierce market competition.

Competitive strategy and industry position

Virgin Atlantic Airways is the UK's second largest airline, it is one of the low cost carriers. The business model that Virgin adopts is the low-cost carriers-but with the addition of Virgin’s distinctive approach to differentiating its in-flight experience (Grant, 2012), to attract consumers by offering low prices but high quality services. For example, the majority of Virgin’s ticketing is completed through the call center or the Internet, 99% of the tickets are electronic tickets, which is an important cause of cost savings. Virgin's IT system often outsources its IT services and call center, allowing enterprises in India and South Africa to do the business. Thus they can acquire satisfied services, simplify its procedures and save a lot of costs.

Virgin also uses synergy strategy, using its strengths in other areas to work together to provide personalized services to consumers, thereby enhancing its competitiveness (Goold and Luchs, 1993). For example, Virgin also invests in aviation, hotel and resort industry, which allows it to provide travelers with more comprehensive and personalized services in tourism . Virgin also has a special focus on the use of innovative strategies, through innovative services to meet the individual needs of consumers, so as to better enhance consumer loyalty (Grant, 2012).

Environmental factors

Protecting the environment, reducing carbon dioxide emissions, reducing noise pollution and improving fuel efficiency have become the consensus of the aviation industry, governments of each country have formulated relevant laws and tax policies to standardize business practices of airlines. Virgin has also taken measures to deal with the issues, including cooperation with Boeing to develop bio-fuels, the use of aircraft bringing least pollution, these measures help Virgin to establish a good image in assuming corporate social responsibility, which helps to improve brand recognition.

Temporal factors

World economic recession reduces demand in the world's aviation industry, Virgin tries to expand its market share through the merger with British Midland International (BMI) to reduce costs (Osborne, 2010). Virgin can significantly reduce unit cost through the merger, thereby allowing the airline to offer cheaper tickets. As Virgin and BMI share existing resources, it will provide passengers with more diverse services, which is more likely to provide a good travel experience for passengers. Lower prices and increased quality of service will help Virgin to expand its market share.

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