The Political And Economical Factors With Airlines Essay Sample

The PEST Analysis of the UK air hose industry must take into history the Political Economic. Social and Technological environment in which the industry is runing in. It will alsoinclude how these environmental factors will impact on the air hose operations. Political

The political stableness of the United Kingdom was badly tested by the London terroristbombings in the summational old ages of the last decennary. This led to a little bead in the fortunesof the air hose industry ( Keynote. 2010 ) . Personal air travel reduced while costs incurred bytheir air hoses in their attempts to gripe up airdrome and flight security reduced the profitableness of major air hoses. Other political factors that have impacted negatively on the operations of major air hoses in the UK industry include recent pricing ordinances laid out by the Britishgovernment. pay statute laws and brotherhood demands. Economic

Economic factors have been working in favor of the UK air hose industry for a long clip. Theincreasing strength of the lb against major planetary currencies is a blessing for the UK airlineindustry. The inflationary and fluctuation inclinations of the dollar have worked to theadvantage of the UK air hose industry ( Keynote. 2010 ) . However. the lag of thedomestic economic growing has affected the UK air hose industry since it has reduced thepower of the people to utilize air as their preferable manner of travel. The recent planetary economicmeltdown hit the air hose industry really hard. All major participants in the UK air hose industryreported monolithic losingss during the planetary economic meltdown ( Business Week. 2008 ) . Someof them had to put off their workers during the recession. The other economic factor is theincreased cost of fuel. This has impacted on the profitableness of the air hose industry and thesituation has been worsened by the state of affairs in the Arab universe ( Done. 2011