AIRF 4203

(3 Credits) 3 Lecture hours This course will give the student a more in-depth understanding of the economic impact of airlines and airports on the global economy, airline pricing and revenues, airline and airport corporate strategic financial planning, the international regulatory framework, the impact of deregulation, the geo-politics of aviation, airport economics and its integration with airlines, the environmental issues, global airport financial models, and challenges facing the air transport industry. The course will further review the roles of IATA, TIACA, ICAO, and various labour unions and management relations that affect air transport economics. The impact of key global disruptions such as Covid-19, airspace closures, and other geo-political events on air transport economic models will be reviewed in detail to build data-informed models and to seek risk mitigation strategies to limit financial damage to the airline and airport sectors and to the regional and global economies. Section information text: Restricted exclusively for students in the Bachelor of Aviation Management program. Some online courses are only required for the Concentration in Aviation Operations. Please email aviationadvising@mtroyal.ca if you have any questions.