Profitability
Profitability in aviation refers to the ability of an airline or aviation company to generate profit from its operations. It is determined by the difference between the revenue earned and the costs incurred in providing air transportation services. Factors that affect profitability in aviation include fuel prices, labor costs, competition, government regulations, and economic conditions. Airlines and aviation companies strive to improve profitability by increasing revenue through measures such as offering new routes, increasing passenger capacity, and improving customer service, while also reducing costs through measures such as fuel-efficient aircraft, optimized flight schedules, and streamlined operations.
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