Industry Analysis & Industry Trends
After experiencing declining revenue and falling demand and profitability during the recession, the industry will experience a modest recovery over the next five years. As consumer and business sentiments rise, the industry is set to improve at a slow and steady rate. Nevertheless, high fuel costs will likely continue cutting into profitability. Further, consolidation will characterize the industry, as major players try to increase profitability and gain a competitive advantage... purchase to read more
Industry Report - Starting a New Business Chapter
Costs to purchase aircraft and specialist machinery, hangar and other airfield space, as well as costs to attract skilled labor and to comply with stringent safety requirements are high and a significant barrier to industry entry. Purchasing aircraft may cost millions of dollars, which may be hard to secure, given the competitive nature of the industry. Complying with government requirements is costly and timely, making it harder to enter the industry. Skilled labor may be hard to come by in times of pilot shortage, considering the extensive training required to be able to work in the industry.
Once a new company enters the industry, barriers to success become even harder... purchase to read more