Airline Industry Risk Assessment Report Essay

Length: 5 pages Sources: 5 Subject: Business Type: Essay Paper: #29793979 Related Topics: Airline, Safety, Aviation Security, Risk Assessment
Excerpt from Essay :

Introduction

Infrastructure assets, although very beneficial to society are often marred with high profiled accidents and deaths. Industry segments such as trucking, rail transportation, and ocean shipping have all experienced very high profile and deadly accidents. Although the statistics indicate the many of these activities are safe, occasionally accidents occur that can adverse consequents for not only the company, but the industry overall. The airline industry is not except for this criticism either. The airline industry is particularly fraught with oversight primarily due its importance global economy. The airline not only transports goods around the world but also individuals. These individuals are often helpless in the event of a malfunction or a serios lapse in protocols. As the September 11th, terrorist attacks illustrated, airlines can also be the target of extremist’s groups looking to harm the United States. From a national security perspective, airline also ship mission critical information, goods and products around the world. The recent COVID-19 pandemic illustrates the importance of airline companies in transporting life saving vaccines and doing so in a temperature controls and secure fashion. As result of the overall importance of the airline industry to consumers, industries and society overall, it is often a prime candidate for risk assessment. The modified bow-tie model is particularly useful as it allows multiple sources of inputs and consequences for a single event. It also provides insights into preventative measures and how to properly mitigate the risks associated with the aviation industry. Although risk can not be fully eliminated, through the use of the modified bow-tie methods risks can be substantial diminished (Cederholm, 2008). 

The overall purpose of the risk assessment is the minimize risks associated with the airline industry. Due to its importance to society, individuals travel, and global commerce, periodic risk assessments must be conducted to maintain the overall safety of the industry. Likewise, risk assessments can ultimately increase consumers confidence in utilizing the industry for their commerce and transportations needs. As COVID-19 has illustrated, a severe lack of consumer confidence, especially related to health safety can have a serve impact on the industry overall. Likewise, a severe mistake resulting in the death of many paying customers can have a similar impact. For this reason the report will provide a risk assessment of the sources of late clearance changes from air traffic control operations. In this instance, a majority of the safety reports have shown a strong correlation to air traffic control and late clearance items (Cederholm, 2014). 

Methodology

Chart 1, within the appendix provides a list of 25 safety reports that were analyzed.…Nuclear Bomb Attack

7. 2B – Chemical Warfare 

8. 3B – Cyber Security Attack 

9. 4B – Government Regulation 

10. 5B – Extremely Bad Weather 

11. 1C – Government shutdown

12. 2C – Rival competitor plan crash

13. 3C – Extreme rise in oil prices 

14. 4C – Employee Strike 

15. 5C – Weather Delays 

16. 1D – Employee delays and absenteeism 

17. 2D – Technology interruptions and/or slowness

18. 3D – Airplane maintenance 

19. 4D – Airport Closure 

20. 5D – Rise of alternative transportation 

21. 1E – Disgruntled customer holding delay the flight 

22. 2E – Power outage 

23. 3E – Customer Protests 

24. 4E – Large amounts of lost packages 

25. 5E – Employee Theft 

Conclusion 

To conclude improvements will need to be made to the technology related to the flight crew and ATC. The first recommendation will be enhance work flow techniques in order to avoid costly clearance delays. These workflow solutions will allow ATC to properly access incoming air traffic, mitigate errors and allow for proper clearance. The solution should focus on cyber security, to protect both airlines and their customers. The second solution pertains to the pilot communication principles. Here, clearance, if certain protocols are met, should be requested in advance to provide ATC with appropriate time to approve.

Sources Used in Documents:

References:

1. Cederholm, T., 2014. Competition In Airline Industry. [online] Marketrealist.com. Available at: (Accessed 8-December-2020).

2. International Air Transport Association (IATA). 2015. FX Impacts On Airlines. [online] Available at: (Accessed 8-December-2020).

3. Pearce, B., 2013. IATA Airlines Worldwide : The Value They Create And The Challenges They Face. [online] iata.org. Available at: (Accessed 8-December-2020).

4. Szyliowicz, J. S. (2004). Aviation Security: Promise or Reality? Studies in Conflict & Terrorism, 27(1), 47-63

5. Tamasi, G., & Demichela, M. (2011). Risk assessment techniques for civil aviation security. Reliability Engineering and System Safety, 96(8), 892-899.



Cite this Document:

"Airline Industry Risk Assessment Report" (2020, December 14) Retrieved May 8, 2021, from
https://www.paperdue.com/essay/airline-industry-risk-assessment-report-essay-2175917

"Airline Industry Risk Assessment Report" 14 December 2020. Web.8 May. 2021. <
https://www.paperdue.com/essay/airline-industry-risk-assessment-report-essay-2175917>

"Airline Industry Risk Assessment Report", 14 December 2020, Accessed.8 May. 2021,
https://www.paperdue.com/essay/airline-industry-risk-assessment-report-essay-2175917

Related Documents
Audit in Post-9/11 Airline Industry
Words: 2022 Length: 7 Pages Topic: Transportation Paper #: 5197605

Qantas Risk Factors Qantas Case Study Risk Factor Identification Some of the risk factors for Qantas are general and specific to the airline industry more than they are specific to Qantas, but yet should be mentioned anyway. Other risk factors are things that Qantas in particular is enduring and are not something endemic to the industry as a whole, at least not at this time. The different risks, both specific to Qantas and

Airline Terrorism
Words: 4442 Length: 10 Pages Topic: Terrorism Paper #: 67099508

Airline Terrorism As the name implies, terrorism is an attempt to provoke fear and intimidation. Therefore, terrorist acts are intended to attract wide publicity and provoke public shock, outrage, and/or fear. The intent may be to provoke disproportionate reactions from governments, and they are intended to achieve political or religious goals, not personal gain. Many definitions of terrorism exist, produced by the politicians, media, academics, think tanks, and of course by government.

Airline Project Plan Market Factors
Words: 3116 Length: 11 Pages Topic: Business Paper #: 17138348

Such techniques as internet marketing, reservations, and sales; electronic ticketing and check-in; online quality control, resource planning, operational oversight, cargo and baggage tracking, and customer service, all will reduce staffing requirements while offering ease-of-use and greatly enhanced access by, and convenience to, the customer. (10) Recognition that not everyone is geared for the electronic world, leading the proposed airline to provide a high level of non-electronic service as well, particularly

Australia Airline
Words: 1717 Length: 5 Pages Topic: Transportation Paper #: 73514641

Australia Airline Management Case Study Report: Airlines This paper provides a comparative study of the goals, management style, and labor relations policies of three Australian airlines: Qantas, Virgin Blue, and Air Australia Airways. It examines the recent history of these major airlines, with a specific focus on the labor relations difficulties of Qantas, Virgin Blue's attempt to create a more innovative model of customer service as a budget airline, and Air Australia Airway's

Financial Analysis of International Airlines
Words: 5321 Length: 19 Pages Topic: Transportation Paper #: 14575221

The company's promotional literature emphasizes the synergistic effects of this corporate structure: "IAG combines the two leading airlines in the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines' customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial

Planning and Convention Industries Benefits
Words: 1256 Length: 4 Pages Topic: Business Paper #: 882816

Airline tickets, food and beverage and related items are going up faster than planners can adjust. Hotels, destination management companies, transportation providers and suppliers in general are all affected by oil price increases. Industry leaders say that fares may increase by another 20%. Every penny of increase in oil price exacts an extra $1 billion a year from consumers. Smith Travel Research, however, reported a leveling off of increased