Low-Costs in Aviation Industry Essay Example | Topics and Well Written Essays - 750 words

Low-Costs in Aviation Industry - Essay Example The proliferation of low-cost carriers came into being after the 9/11 attacks that were directed towards the Americans. According to the Irish career boss, lowering the cost in the aviation industry will result to carriers accessing a pool of passengers that would be used to replace high-income passengers that would not be using air travel. According to him, low-cost flights would serve the needs of cost conscious passengers. These passengers are concerned with making saving or using the minimal amounts on travel expenses. Low-cost flight carriers target passengers who are keen on cost related issues.Managers have determined that price is the largest determinant that influences consumer decision-making processes. Therefore, it is the responsibility of the managers to ensure that their products and services are priced lowly. In the aviation industry, lowering flight charges would facilitate increased traffic for carriers. This will, in turn, lead to increased profitability for the org anization. In this context, managers are required to initiate measures that would ensure that despite the carrier having cheap services; it makes profits.For instance, some managers took advantage of the 9/11 attack to buy new air crafts, which enabled them to exercise low-cost activities (Dunn, 2009). Managers are concerned with incorporating innovative activities in their flights at a relatively low cost. Such innovations and features would attract customers to carriers.