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Aviation's impact upon business—past, present and future

Published online by Cambridge University Press:  04 July 2016

Richard E. Black  and
G. Russell Morrissey
Richard E. Black
Affiliation:
Multinational Programs, Douglas Aircraft Company
G. Russell Morrissey
Affiliation:
Douglas Aircraft Company
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Extract

Progress in aviation has had and is expected to continue to have a profound impact on business. Transportation has been revolutionised by aircraft in the 20th century. Technology advances and pioneering management have led to the development of an air transportation industry which has spanned the globe, all but eliminated competition from passenger steamships, and reduced the dimensions of the globe to such an extent that most of the major cities of the world are now no more than 24 hours apart. Progress has taken many forms. The time required for a transatlantic journey has been reduced by 94% from the passenger steamship to the subsonic jet transport. Concorde operations have even further reduced this time. As the air transportation industry developed, technology advances permitted it to offer other dramatic improvements such as increased comfort, service, reliability, safety, and at the same time lower fares. Thus, increased economic productivity allowed passenger fares (measured in currency of constant purchasing power) over the North Atlantic to be reduced by two-thirds between 1939 and 1976.

Type
Research Article
Information
The Aeronautical Journal , Volume 82 , Issue 808 , April 1978 , pp. 148 - 158
Copyright
Copyright © Royal Aeronautical Society 1978 

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