Ryzyko biznesowe w pasażerskim lotnictwie cywilnym: w poszukiwaniu źródeł niestabilności sektora
Business Risk in Civil Passenger Aviation: in Search of the Sources of Instability of the Sector

Summary/Abstract: The businesses in passenger aviation sector are characterised by high instability. It results from frequent changes in the macro-environment of the sector and the sector itself. They have a significant impact on business activities. Thus, the sector is characterised by a high level of business risk, which refers to the probability of occurrence of such changes. The study discusses the issues of business risk, particularly the types of business risk that have the greatest impact on the operation of airlines, airports, air navigation service providers and other entities that make up the sector. It uses a case study method applied to selected cases reflecting various business risks typical of the passenger air transport sector. The analyses conducted indicate that the type of risk that can potentially have, and has historically had the greatest impact on the sector is political risk, including geopolitical and regulatory risks, as events related to these factors often affect the fundamentals of passenger aviation.

• Details
• Contents