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Factors contributing to escalating costs to consumers in the aviation…
Factors contributing to escalating costs to consumers in the aviation industry in Australia
Internal Factors
Operating Costs
fuel prices
labour costs
equipment costs
ancillary service expenses
This was explored in my previous report
Infrastructure Investments
This was explored in my previous report
External Factors
Demand Factors
Economic Factors
Economic Growth
Economic Recession
(Nisa Seсilmis , Aylin Koс 2 ECONOMIC FACTORS AFFECTING AVIATION DEMAND: PRACTICE OF EU COUNTRIES n.d.)
Limited Routes
Seasonal Trends
Peak travel seasons
Through my Statistical Tool-box investigation, I was able to identify that peak times statisitically and economically impact costs
School Holidays
I was able to gather this conclusion through my statistical toolbox in my previous report
Demographic Changes
Growing Population
Ageing Population
Supply Factors
Government Policies and Regulation
Market Competition
Capacity Constraints
“Airlines have still not returned to flying internationally at their pre-Covid capacities, and they’re aware of how strong demand is,” (Webber, 2023)
Taxes and Fees
Currency Exchange Rates
These factors were explored in my previous report
