There are two questions that everyone who travels by air has asked themselves over again in the last decade. The first question is, what is the biggest crisis the air travel industry has ever faced? And the second question is if there will be any big crisis in the future. Well, both of these questions are still up in the air. Many experts have found that in the next ten years there may be no more air travel. This is because of two reasons.
First, the airline travel sector is shrinking because there are not enough passengers to support the operation of the airlines. Second, the smaller regional airlines are not generating enough revenue to cover their costs of operations. They have to rely on grant money and other financial means just to stay afloat. And even if they do get some of that money, they are not generating enough to keep their planes full of passengers.
Second, there is very little room for the smaller regional airlines in the current airline sector. There are only few of airlines that can claim to have profitable flights. These flights are operated by the few major airlines that have not consolidated since the 1980s. And even then, they are not as successful as the smaller airlines were when they first entered the market. They are not as profitable, and they do not account for as many travellers as the major airlines do.
It means that the competition for air travel is fierce. There are more seats available at every destination. As a result, the demand for air travel is greater than ever before. As a result, the airlines must work even harder to attract customers and increase their profit margins. As a result, the air travel fares are higher than ever before. If you think about it, this can only mean one thing – the cost of air travel is soaring, and it is only going to continue to rise.
And third, the airline industry has not learned one bit of information in recent years. They have not been able to learn how to better manage their routes, and they certainly have not been able to learn how to manage their aircraft maintenance. It means that the airline companies simply are not accountable when it comes to their operations. They don’t have an organized maintenance plan or a scheduled schedule that they follow. This means that the risk for accidents is higher, and it costs the airline company more money in maintenance.
Now you know what the biggest crisis in the aviation industry has ever faced. It is not fuel cost. It is not air travel prices. It is the lack of a well managed regulatory environment that is causing this crisis. So next time you are flying, you should make sure that you consider this question before you take off – is this the biggest crisis the aviation industry has ever faced?