Describe the importance of the airline industry to the travel industry and economic development.

Describe the importance of the airline industry to the travel industry and economic development.

Locate and read the case starting on page 253 in your textbook entitled “Flying the Competitive Skies: U.S. Airline Industry,” and respond to the following questions:

How do economic issues, politics, and social factors affect the airline industry?

What is the financial position of the companies in the airline industry including the impact on airline suppliers (lessors), manufacturers, and unions?

Describe the importance of the airline industry to the travel industry and economic development.

What is the power of the buyer and supplier in the airline industry?

Your response should be a minimum of two pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations, and be cited per APA guidelines.