Air Transport Economics
IATA’s Air Transport Economics course will equip you with the know-how of the key economic concepts and how they apply to aviation. You will learn how economic scarcity influences airline decision-making. The course will define key performance indicators (KPIs) in aviation and give an up-to-date overview on major aviation trends, economic developments and the industry outlook. You will learn about the role that airlines play in critical macro-economic activities such as job creation, social mobility and economic development. The course will outline the rationale of how and why airlines cooperate and compete and contextualize the roles of authorities and the application of regulatory economic frameworks to safeguard against anti-competitive activities to ensure long-term economic development.
Includes:
- Recommended level is Entry-level and Intermediate.
- The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.
Objectives
- Recognize how fundamental economic concepts apply to aviation and influence airline decisions
- Explain how airlines support and develop economic activity and contribute to job creation opportunities
- Discuss the international regulatory framework that governs how airlines compete and cooperate
- Elaborate on the most relevant contemporary economic developments and the industry outlook
- Apply learnings from the course to your day-to-day decision-making and strategic planning activities
Program Content
- Scarcity and principles of economics
- Economics of the travel and aviation industry
- The role of airlines in job creation and economic development
- Competition and cooperation in the industry
- Regulatory economic framework
- Impact of economic shocks
