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Other things that can be determined from this analysis include budget limits, rate of inflation, salary structure, equipment maintenance, and how business will be conducted in the future. The airline business requires high overhead costs therefore, economic analysis is highly important.
When considering social factors in the airline industry, it is important to remember that safety is the number one concern. The events of September 11, 2001, have changed the way the airline industry works. For instance, security has become the focal point behind how airlines operate. Concerns over previous security personnel have made many airlines reconsider their hiring practices...
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