Question

1. List the main stakeholders of the airline industry, the role each stakeholder plays in the performance of airlines and the kind of impact the stakeholder may have – whether direct or indirect, or positive or negative, by the operating and financial performance of the industry.( stakeholders are air carriers , fuel providers, transportation providers)

Answer 1

SOLUTION :

Stake holders of the airline industry,the role each stakeholder plays in the performance of airline and kind of impact the stakeholder may have

The stakeholders in the airline industry can be both interior stakeholders and exterior stakeholders namely Their roles and objectives are explained further-

-Airline staff and employees-this can include both direct and indirect workers.their basic role is to provide secure and safe jobs,salaries ,and compensations.

-Local government -it is responsible for the necessary administration of the airport and is also involved in the appointment and selection of airport management .

-Federal government - it is accountable for playing three different roles ,one as a regulator in which control of the rules and regulations related to airport infrastructure and service providers is considered .second as a found processing department and third being the operator where security , transportation , and ground departures services are taken into action .

-Fuel providers -responsible for fuel arrangement and supervision .

-Airport management staff -responsible for security, income passenger attraction

-Air carriers - responsible for security ,on time and economical price of operations

-Parking operators - provision for parking services for airline staff and passengers.

-Concessionaires - operators of traveler assistance such as meals and beverage and retail .

Financial performance is a measure of how well an organization can use rits resources and assets to make income . financial performance ,directly , affects the stakeholders in a positive and negative way depending upon the revenue generated .

If the financial performance is above average ,it will benefit its stakeholders and will also contribute towards voluminous growth in the economy of the state .

If the financial performance is below average ,the revenue generated will be automatically less. this will not only make the stakeholders suffer but also reduces the overall economy of the state .