After you have written your outline, you will initiate work on the first draft of your paper. While the draft is not expected to include all of the points that you will have in your final paper, it must provide enough detail so that the general scope and depth of the final paper is clear. Your final paper must be at least 1,800 words and include six or more credible sources. Two of the resources must be from academic journals.
Your first draft must include the following four sections:
- An introduction that introduces the selected topic and discusses how the analysis was conducted.
- A literature review that provides a detailed summary of the economic circumstances and facts that serve as the foundation of the economic analysis.
- A narrative body that includes:
- An economic analysis that uses the tools developed in the course along with your graphical depiction of the economics applied to your topic. Provide an explanation of the graphical analysis. Don’t leave it to the reader to figure out your intention. The specific analysis will depend on your chosen topic.
- Statistics that support your topic and narrative.
- Conclusion and a brief summary.
Use current APA formatting for your paper including these elements:
- Title page
- Page numbers
- Headings
- Source citations
- Reference list
An abstract and table of contents are not required.
Remember to use the Eaglet and APA resources
Outline: Airline Industry
Airline Industry
Attention Seeker.
“The century of airplanes has a right to its own music.”
Tie of the audience:
How often do you fly?
Thesis: Airline Industry consists of various activities where there is transporting of passengers and goods from one destination to another.
Transition: What does Airline Industry entail?
- Deregulation of Airline Industry.
- The introduction of the airline industry and its evolution. The origin of the airline industry can be traced back to the early centuries. The development in the airline sector has been gradual and continues to change.
- Governments pose regulations that govern the operations of airplanes (Macilree & Duval, 2020). The effects limit the fares and routes that can be followed by the planes to the country.
- It entails traveling passengers from one destination to another.
- Airline involves traveling by airplanes to various points. It is the fastest means of transport known globally (Schultz & Fuchte, 2020). Anyone who would want to be in a far place or country within the shortest time possible would prefer using an airline,
- The airline has accommodation for all passengers with different financial or economic statuses. Within passenger airplanes in the airline industry, there are partitions of special treatment of the passengers (Park & Almanza, 2020). Passengers have options of traveling using various classes according to their financial abilities.
- Economic Impacts of competition on fares.
- Just like any other transport sector, the airline industry has competition. The competitions in the airline industry are based on fares and services offered while the passengers are on board (Tahanisaz, 2020).
- There are always threats of entry into the plane market. When other organizations want to enter the market, they would consider very many things to have customers. Governments also control who enters the markets and with which aircraft (Dean et al., 2020).
- Empirical evidence on economies of traffic density.
- Services in the airline industry cost different even when the destinations are the same. Also, the airline industry has economies of scale, which are enjoyed by the business persons in the industry (, 2020). An examination of the economies of traffic density would reveal more about the sector.
Conclusion:
The airline industry is most lucrative when there are not players and regulations by the government. It is the most crucial transport sector that most governments earn a good percentage of their tax from.
Wrap up: Controlling the airline industry and having a conducive environment for their business can create more employment and build the economy.
References
Dean, E., Elardo, J., Green, M., Wilson, B., & Berger, S. (2020). How Monopolies Form: Barriers to Entry. Principles of Economics: Scarcity and Social Provisioning (2nd Ed.).
Macilree, J., & Duval, D. T. (2020). Aeropolitics in a post-COVID-19 world. Journal of Air Transport Management, 88, 101864. https://doi.org/10.1016/j.jairtraman.2020.101864
Park, H., & Almanza, B. (2020). What Do Airplane Travelers Think about the Cleanliness of Airplanes and How Do They Try to Prevent Themselves from Getting Sick?. Journal of Quality Assurance in Hospitality & Tourism, 21(6), 738-757. https://doi.org/10.1080/1528008X.2020.1746222
Schultz, M., &Fuchte, J. (2020). Evaluation of aircraft boarding scenarios considering reduced transmissions risks. Sustainability, 12(13), 5329. https://doi.org/10.3390/su12135329
Tahanisaz, S. (2020). Evaluation of passenger satisfaction with service quality: A consecutive method applied to the airline industry. Journal of Air Transport Management, 83, 101764. https://doi.org/10.1016/j.jairtraman.2020.101764
