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Synoptic Short: Micro and Macro factors affecting airline profits

Level:: A Level

Board:: Edexcel

Last updated 14 Jun 2018

Airlines are enjoying a period of record profits, with 2017 setting the fourth highest year of profits on record, according to IATA. However intense competition and a rising cost environment is squeezing margins – the airline industry is a good example of where uncertain micro and macroeconomic factors can have a significant effect on profitability.