What are the risks of the airline industry?


What are the risks of the airline industry?

8 Critical Risks Facing the Aviation Industry
  • 1) System Failure and Aging Technology Infrastructure. ...
  • 2) Pilot Shortage. ...
  • 3) Climate Change. ...
  • 4) Oil Price Volatility. ...
  • 5) Reputation Damage. ...
  • 6) Economic Recession. ...
  • 7) Government Shutdown. ...
  • 8) Decreasing Insurance Capacity.


What are the 8 critical elements of aviation?

Those eight critical elements include:
  • Primary aviation legislation.
  • Specific operating regulations.
  • State civil aviation system and safety oversight functions.
  • Technical personnel qualification and training.
  • Technical guidance, tools and the provision of safety critical information.


What are the 3 major threats in air transport?

The air cargo system is vulnerable to several security threats including potential plots to place explosives aboard aircraft; illegal shipments of hazardous materials; criminal activities such as smuggling and theft; and potential hijackings and sabotage by persons with access to aircraft.


What is the risk management of the airline industry?

Risk management is applied by identifying, monitoring, and managing potential components that affect risk thereby allowing the pilot to be better prepared to mitigate risk. The pilot's work requirements vary depending on the phase of flight.


What is an example of a risk in aviation?

Flying too close to a mountain is a risk because it will require a direct reaction on the part of a pilot to regain safety, Bird near aircraft – and not bird strike – is a risk because pilots will have to take immediate action (slowing down) to regain safety.


What are the significant seven aviation risks?

The 'Significant Seven' covers: loss of control, runway overrun or excursion, controlled flight into terrain, runway incursion and ground collision, ground handling and airborne and post-crash fire.


What are the four 4 types of risk in the aviation industry?

Here are the 4 types of operational risk for airline SMS.
  • 1 - Loss of Control in Flight (LOC-I) Fortunately, loss of control in flight is relatively rare occurrence in aviation SMS. ...
  • 2 - Runway Safety. ...
  • 3 - Fatigue Risk Management. ...
  • 4 - Controlled Flight into Terrain (CFIT)


Categories