Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
23 Cards in this Set
- Front
- Back
|
How does a plane fly? |
Bernoulli effect: Shape of wing causes the air on top of the wing to go faster, making it comparatively low pressure below to wing. Newton's 3rd Law: "Every action has an equal and opposite reaction." This pushes the wing up. |
|
|
What kind of enterprise is an airline? |
For-profit, commercially driven --> Primary focus return to share holders |
|
|
What are the key characteristics of an airline? |
High competitive Cyclical nature Variability in fuel costs Low margins |
|
|
What drives air transport? |
Trade Tourism Government interactions Interdependencies Economic growth |
|
|
What were the 2 events that caused big dips in number of world airline passengers? |
SARS (2002-2004) Global recession- oil spike (2008) |
|
|
What the role of government in air transportation? |
1. Safety and security 2. Certification (planes, personnel, AOC...) 3. Aviation policy 4. R&D 5. Financial support |
|
|
What does IATA stand for? |
International Air Transport Association |
|
|
What does IATA do? |
Members: 268 airlines Purpose: making air travel more safe, secure and efficient -Airport odes (YVR) -Airline codes (AC) -'Checkpoint of the future' |
|
|
What does ICAO stand for? |
International Civil Aviation Organization |
|
|
What does ICAO do? |
Members: UN countries Purpose: regulate air traffic for public interest Function: integrate technicalities -Airport codes (CYVR) -Airline codes (ACA, Air Canada) -Aircraft registration -Standardize travel documents/biometrics |
|
|
ASM? |
Available Seat Mile -Measures carrying capacity -# of available seats * distance |
|
|
RPM? |
Revenue Passenger Mile -Measures traffic -# of revenue-paying passengers * distance travelled |
|
|
Load factor? |
RPM/ASM (passengers/seats) -Measures capacity utilization -80% (IATA 2015) |
|
|
CASM? RASM? |
Cost per Available Seat Mile -eg. WS 0.14/mile Revenue per Available Seat Mile |
|
|
Utilization |
Typical operating hours per day (# of hours per day that airplane is in the air) |
|
|
Stage Length? |
Distance between take off - landing |
|
|
Difference between direct/non-stop flight? |
Direct: HKG-(YVR)-JFK Non-stop: HKG-JFK |
|
|
When was the regulated/forming era? |
1930-1970 |
|
|
What are some characteristics of the regulated era? |
Government ownership Highly regulated (operationally) -routes, pricing, capacity, fleet, schedule Bilateral agreements High barriers to entry |
|
|
When and what were some of the key milestones of global deregulation? |
1978 US deregulation 1981 First Frequent Flyer Program (AA) 1984-1990 Canadian deregulation -1984 Canadian Airline 'liberation' -1987 National Transportation Act -1988 Air Canada privatization (43%) |
|
|
Why was 1992-2010 a period of turmoil? |
1990-1991: Gulf War 2001: 9/11 2002-2004: SARS 2008: Record Oil Recession |
|
|
What happened after this period to the aviation industry? |
Deregulation
Economic corporation Steady growth Growing confidence in air safety and transport |
|
|
Open Skies? Blue Skies? Difference? |
Open: free market environment
Blue: Canadian v. that came into play in 2006 -Open where deemed to be in Cad interest -More restrictions |
