Aviation Economics

Aviation economics studies the financial and operational aspects of the airline and aviation industry. It examines how airlines make money, including ticket pricing, fuel costs, and airport fees. This field analyzes factors like supply and demand for flights, competition among airlines, and the impact of regulations and economic conditions. It also explores the broader effects of aviation on the economy, such as job creation and tourism. Understanding aviation economics helps stakeholders make better decisions, ensuring a sustainable and efficient air transport system that meets the needs of travelers and businesses.