Thailand Airlines

The airline industry offers transportation services via flights for passengers or freight. Airlines may lease or own an aircraft to provide these services, and at time may combine their services with that of another airline for mutual benefits. Airlines in the industry are typically identified by a license issued to the company by a government aviation committee, or by an air operating certificate. The airline industry consists of a variety of different services, from a singular aircraft utilized to deliver cargo or mail, to full-service airline that operate internationally with many different aircrafts. Airlines are classified by the services they offer: intra-continental, domestic, regional, intercontinental, or international. They may be utilized as charters or scheduled services.

Airlines are highly leveraged, and as such they must buy or lease new aircrafts and engines on a regular basis, as well as settle on decisions for their fleet, keeping in mind the goal of meeting market demand while operating a fleet that remains economical for the industry. In order to maintain the services an airline offers, they must handle the associated costs effectively. Labor, IT services and networks, aviation insurance, engines, spare parts, fuel, handling services, training, sales distribution, catering, and equipment are only some examples of the price of operating an airline. Most of the profit an airline turns over from ticket sales is used to pay to keep the airline in business. Airlines are also held accountable for upholding the government regulations that apply to aircrafts. For example, if a passenger boards an international flight without the correct documentation, the airline has to return the passenger to the initial country.