Air Canada - Risk Management - 2520 Words

Air Canada – Risk Management Case Report Industry Overview The airline industry is one of the largest global industries in the world. Airline companies in the airline industry have gone through challenging obstacles in the past decade. Many changes have occurred within the industry and increased regulations have driven up cost for the industry. The attacks on 9/11 left the industry in shock when planes were used in terrorist attacks in the United States. These attacks changed the mentality of the industry and shifted the focus towards safety. Safety was also a major concern in the industry with the breakout of SARS in 2003 and the H1N1 flu in 2009. The airlines had to ensure that public health and safety of the travelers were†¦show more content†¦According to the Bureau of Transportation Statistics, the airline industry experienced losses from 2001 to 2004. In 2005, the industry was profitable for the first time in four years and stayed profitable through 2007. The economic and financial crisis in 2008 took a toll on the industry, causing a few airlines to file bankruptcy. The improvement of the economy in 2009 and 2010 helped the industry get back to profitability. Airlines were using tactics to increase revenues, including charging baggage fees, charging for food and drinks on board, and some airlines charged additional fees for seats with more leg-room. The large increases in revenues helped to offset the higher fuel costs, helping the companies achieve profitability. Air Canada Air Canada is Canada s largest full-service airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. trans-border market and in the international market to and from Canada. In 2010, Air Canada improved its reputation as one of the world’s leading international air carriers. Significant progress was made on executing and delivering on its four key priorities and this, coupled with improving economic conditions, allowed Air Canada to record operating income of $407 million in 2010, a $677 million improvement from 2009. Air Canada’s financial strategy is to continue to improve both the level and sustainability of itsShow MoreRelatedThis Is a Summary on the Risk Management Case Study of Air Canada1730 Words   |  7 PagesREPORT ON RISK MANGEMENT OF AIR CANADA SUBMITTED TO : MRS.VANDANA MEHROTRA SUBMITTED BY: KUNAL KOTHARI MOHITA AGARWAL SAIMA AHMED APURV SHARMA NAINA SINGH SONAKSHI RATHI AIR CANADA- RISK MANAGEMENT INTRODUCTION: Colin Rovinescu, the Chief Executive Officer (CEO), for Air Canada was reviewing the Risk Management program of the company because the scheduled board meeting was approaching soon. He needed to deliver a comprehensive presentation in front of the board members. CHALLENGESRead MoreASSIGNMENT 2: TASK 3: SUMMARY ï‚ § OCCUPATIONAL WELFARE IS THE WELL-BEING OF PEOPLE AT THE1100 Words   |  5 PagesMAJOR PIECE OF LEGISLATION AFFECTING MANAGEMENT ï‚ § INCREASING INTEREST IN OCCUPATIONAL HEALTH AND WELFARE Q: 4.3: DISCESS THE IMPLICATIONS OF HEALTH AND SAFETY LEGISLATION OF HUMAN RESOURCES ISSUES It is the right of everyone to be in a safe and healthy workplace environment. At the end of the day this has become a basic human right as employees spend a large part of their life at the workplace. This has become a major conflict between the needs of Air Canada to push for increased output andRead MoreAir Canada Essay1740 Words   |  7 PagesTransport, the Government of Canada is wholly responsible for the commercial air transportation that includes maintenance standards, policy, ground, operations standards, and safety and navigation facilities. The Canadian Transportation Agency independently acts as a quasi-judicial tribunal that resolves disputes that relate to the consumer and the business. As an economic regulator, the agency also determines, licenses, permits and issue air transport related authorities. NAV Canada, non-share Capital CorporationRead MoreAir Cargo Portal Services Brings1427 Words   |  6 Pagesall industries including the air cargo industry. Information systems have helped the air cargo industry remain competitive, provide customers and other with an efficient and easy to use service, and has kept the industry up to date. In 2003, Cargo Patrol Services (CPS) opened for business as the air cargo industry’s first full-service Internet portal that provided the industry with an electronic booking and shipment management system. Without this new system, the air cargo industry would have sufferedRead MoreResearch Essay On Global Pollution1172 Words   |  5 Pageslong-term. 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The western Quebec seismic zone includes Montreal. Even though the risk is lowerRead More Smog Does Nobody Good Essay1321 Words   |  6 Pages As of April 2000, Houston, Texas flunked the air quality test given by the American Lung Association of Texas. The city was carefully being watched because of the alarming reports taken from 1996-1998. Houston’s smog and ozone levels have now surpassed Los Angeles’s notorious air pollution problem. They must take advice from this infamously polluted city without slowing down the economic growth of their port city. They could reduce the traffic on the ship channel and the city’s highways, or createRead MoreGlobal Retailing And Civil Aero Engine Manufacturing Industry Essay1408 Words   |  6 Pageshttp://www.ukessays.com/essays/marketing/what-it-is-a-strategic-group-in-marketing-marketing-essay.php According to Supermarket News Kroger, Costco, Walmart, Loblaw and Target are the top grocery retailers in Canada U.S http://retailindustry.about.com/od/worldslargestretailers/a/Top-US-Canada-Grocery-Retailers-Walmart-Kroger-Costco-Target-Loblaw-2013-Largest.htm Whereas Tesco is the largest supermarket chain in United Kingdom with 28.6% of the market share. The sale of Grocery market is also dominatedRead MoreUnited States Northern Command ( Usnorthcom )1564 Words   |  7 PagesThe threat environment has expanded from a strategic, nuclear, symmetrical threat from bombers, ICBMs, and air-or-sea-launched cruise missiles, to a continuing symmetrical threat in addition to an emergent asymmetric threat, focused across all domains, borders and agencies. Accordingly, our political leaders recognized a need to transform the military for a new ‘home game’. United States Northern Command (USNORTHCOM) was established to assume responsibility for the defence of the US homeland, andRead MoreWest Jet Case Study1388 Words   |  6 Pages2011) A key strength for WestJet has been the ability to achieve success through a great corporate culture, and using Strategic hiring, training, and rewarding service oriented employees. They understand the importance of top-down commitment by management. (Karp, 2011), (Ostrower, 2012), (Carr, 2011) Weaknesses By only having one size of airplane, WestJet is restricted to number of flight destinations. Consumers may find alternative options such as flying from the United States of America. (Sherlock