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AVSC 2150 Midterm: Multilateral Agreements/Revenue & Expenses/Supply & Demand/US Associations/US Regulation History
Terms in this set (50)
Which airline alliance is no longer in existence?
The US-Netherlands Open Skies bilateral led to the first international airline alliance between KLM and Northwest that was known as?
What government entity grants anti-trust immunity?
What did the granting of anti-trust immunity do for US airlines?
Allowed US carriers to closely coordinate routes, schedules and pricing with foreign partner airlines
Which US and EU carriers formed to create the SkyTeam alliance?
Delta and Air France
Which US and EU carriers formed to create the OneWorld alliance?
American Airlines and British Airways
Which US and EU carriers formed to create the Star alliance?
United and Lufthansa
Why was the US/Netherlands agreement important in liberalizing air service agreements between the US and other European nations?
It pressured other European nations to sign similar agreements with the US
How does the relationship between load factor and break-even load factor influence operating profit?
Operating profit increases when load factor increases more than break-even load factor.
What does yield represent?
Revenue per passenger
What does CASM represent?
Historically what has been the single largest operational cost for airlines?
What plays a significant role in determining the industry profitability due to its volatile nature?
What metric best shows the financial performance of an airline to retain revenue?
Industry profitability is determined by carriers...
ability to effectively match supply and demand
What does NOT have an impact on demand for air travel?
Available Seat Miles
ASMs for a single flight segment are calculated by:
available seats multiplied by stage length
What metric measures air travel supply or capacity in the industry?
What metric measures air travel demand in the airline industry?
Price elasticity of demand allows airlines to increase total revenue by changing what?
a percentage increase in price greater than the corresponding drop demand
What characteristic is true of leisure passenger demand?
Tends to be price elastic
Changes in world revenue tonne kilometers (RTKs) tend to move in direct relationship to changes in?
Gross Domestic Product
How is load factor calculated?
RPM / ASM
What represents the percentage of revenue passengers occupying available seats?
What entity has primary responsibility to investigate transportation accidents and issue recommendations to remedy probable causes?
What group does AOPA represent?
General aviation pilots
Which stakeholders does AAAE represent?
Which stakeholders does ACI-NA represent?
Which stakeholders does A4A (formerly ATA) represent?
What is the primary role of the NTSB?
To investigate probable cause of transportation accidents and suggest recommendations to improve safety
The responsibility for aviation security moved from the FAA to the Transportation Security Administration (TSA) in 2001. In 2003, the TSA moved to what department in the US government?
The first regularly scheduled commercial air service in the US carried what?
The Black-Mckellar Air Mail Act of 1934 did all of the following EXCEPT?
Allowed manufacturers to maintain their ownership of airlines
The Civil Aeronautics Act of 1938 introduced __________ and _______________ of private US carriers after a series of fiascoes following the so-called "spoils conference".
Economic and competitive regulation
What happened during the brief time that air mail was handed over to the US Army?
Costs nearly quadrupled
After the McNary Waters Air Mail Act of 1930 was signed in to place, how were air mail carriers compensated?
They were awarded for flying larger aircraft on a per mile rate
Which act placed all aviation regulations under an authority, created the administrator position, and created the CAA?
Civil Aeronautics Act of 1938
Why was the flying boat first used for scheduled, heavier-than-air passenger service in the US?
Lack of suitable available runways
The Kelly Act of 1925 allowed the US Post Office Department to contract with private air carriers paid based on what criteria?
Weight of airmail
Which was NOT a reason for early economic regulation of the US air transportation Industry?
To support Pan American Airlines, the de facto US flag carrier in international markets
Which of the following was NOT a reason why was air transportation for trans-Atlantic flights limited to flying boats until 1945?
Lack of suitable airports
How did economists and politicians view the early airline industry?
a public utility, providing a necessary and vital service to the public required for economic development
What act transferred accident investigation responsibility away from the Civil Aeronautics Board to the newly established National Transportation Safety Board?
The Department of Transportation Act of 1966
What was the role of the Interstate Commerce Commission in air transportation during the early days of regulation?
Setting air mail contracts, routes, schedules and fares
What act was an attempt to develop the US commercial airline industry to keep pace with the growth of air transportation in Europe?
The Kelly Act of 1925
On what route was the first regular air mail service initiated during 1917 in the US?
Washington DC and New York
What act established the independent Civil Aeronautics Authority (CAA) which inherited the regulatory responsibility of the Interstate Commerce Commission in the Department of Commerce?
The Civil Aeronautics Act of 1938
From which agency did the Federal Aviation Agency inherit authority and responsibility to oversee aviation safety with the passage of the Federal Aviation Act of 1958?
Civil Aeronautics Board
The Civil Aeronautics Agency inherited the powers of the Air Safety Board to become the what independent entity under the Department of Commerce.
Civil Aeronautics Board
What was the conclusion of the US Court of Claims in 1941 regarding the Spoils Conference?
no fraud had occurred as a result
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