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AVIT 405 > Midterm Exam > Flashcards

Midterm Exam Flashcards

1
Q

Top 3 costs of an airline

A

Fuel
Labor
Maintenance

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2
Q

4 stages of airline industry

A

Regulation
Liberalization
De-Regulation
Re-Regulation

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3
Q

Air commerce act of 1926

A

Encouraged and developed commercial aviation
Entrusted many government departments with aviation
Began what some would call “Early Airlines”

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4
Q

Air Mail Act of 1935

A

Privatized air mail and airlines

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5
Q

“Kelly” Act of 1925

A

Beginnings of the airlines that would become American, Northest, and United

Contract Mail Service

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6
Q

first scheduled passenger airline

A

1914, Tampa Airboat Line

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7
Q

When did subsidized air service start

A

1918

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8
Q

what did federal regulation do

A

Stabilize the Industry
Improve Air Safety
Reduce Cash Subsidies

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9
Q

Civil Aeronautics Act of 1938

A

Created the Civil Aeronautics Authority (CAA) or Civil Aeronautic Board (CAB)
“Early FAA”

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10
Q

6 functions of Early FAA

A 
Regulation of passenger fares and rates
Granted and allocated routes (domestic)
Established air mail rates
Approval required for any air transport related to…
   -Mergers
   -Acquisitions
   -Consolidation
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11
Q

Federal Aviation Agency

A

Created in 1958

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12
Q

Deregulation PROS

A

increased effciency
lower prices
capture of CAB
increased service

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13
Q

Deregulation CONS

A

predatory pricing
destructive competition
monopolization
loss of service

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14
Q

Post deregulation

A

rapid expansion
new entrants
hub and spoke route system
mergers and acquisitions

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15
Q

Department of Transportation:

A

administration of the nation’s transportation programs
Stimulate technological advances of transportation
Develop and recommend policies and programs to the president and congress

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16
Q

Federal Aviation Administration

A

Promotion of aviation safety while ensuring efficient use of the nations navigable airspace

Issue and enforce safety regulation and rules
Certification of aviators, aircraft, airports, etc.
Conduct aviation safety research and development
Manage and operate the national airspace system

17
Q

National Transportation Safety Board

A

entirely independent government agency
Required to determine probable cause of any accidents related to: civil aviation, highway, railroad, major marine, and pipeline
Under the transportation act of 1974, the board is required to take certain actions during and after an accident investigation

18
Q

Transportation Security Agency

A

created in 2001, in response to the september 11 hijackings

Responsible for federal security screening of passenger air transportation
Discovers, prevents and deals with threats to transportation security
Coordinate intermodal security

19
Q

Major Air Carriers

A

> $1 billion in annual revenue

20
Q

National Air Carriers

A

$100 million to $1 billion in annual revenue

21
Q

Regional Air Carriers

A
22
Q

Airline Innovations:

A

Hub and spoke system
Frequent flyer programs
Sophisticated reservations systems
Code sharing / Alliances

23
Q

ASM

A

Available Seat Mile

24
Q

RPM

A

Revenue Passenger Mile

25
Q

CASM

A

Cost Per Available Seat Mile

26
Q

RASM

A

Revenue Per Available Seat Mile

27
Q

oligopoly

A

high barriers of entry
takes a lot of capital to enter
requires high technical know how

28
Q

Management

A

the process of achieving an organization’s goals through coordinated performance of five specific functions
Planning, organizing, staffing directing, and controlling

29
Q

Organization

A

the framework within which the management process can be carried out. It is the structure that enables a large company to attain the same efficiency as or greater efficiency than a small firm run effectively by a few employees

30
Q

Levels of Management

A

Top
Middle
Operating

31
Q

Top Management:

A

the policy-making group responsible for the overall direction of the company

32
Q

Middle Management:

A

it is responsible for the execution and interpretation of policies throughout the organization

33
Q

Operating Management:

A

it is directly responsible for the final execution of policies by employees under its supervision

34
Q

Administration

A

a major unit within the company, such as flight operations, engineering, marketing, or human resource

35
Q

Board of Directors

A

it is the chief governing body of a corporation; board members are elected by stockholders and can include individuals from banks, hotels, former political and military leaders

AVIT 405 (1 decks)

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