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Overview. Since the airline deregulation act more than 30 years ago, airline profits have experienced large amplitude cycles. Looking to the future, the increasingly commoditized nature of air travel, the rising costs of fuel, and the growing pressure to reduce industrial greenhouse gas emissions suggest the industry will likely face continued challenges to profitability. In addition, external factors such as economic participation and health crisis will also impact the airline industry. For example, Covid-19 demonstrated how fragile the aviation industry is as lockdowns and social distancing restrictions significantly impacted airlines. Hundreds of airlines across the globe ceased operations, and others were forced to furlough and lay off employees. The paper will provide examples of times when the aviation industry soared and when airlines were forced to declare bankruptcy. Although it is inevitable to prevent cycles, there are ways to manage them better; strategies such as modifications on their business model, pricing policies to generate higher profits, better forecasting abilities, and more strategical investments might help airlines navigate during the downturns. In research, this is accomplished via literature reviews. By reviewing the literature, trends rise to the surface. The elements that contribute to the problem are more easily identified, as well as potential solutions for mitigating the problem in the future. It also provides background information such as how long the problem has plagued the industry and why it is necessary to address it. Using the APA Sample Paper Template for this assignment, you will be writing the introduction, background, and literature review sections of your research paper. Review the following for the order and requirements for each section of this assignment: -Title Page. -Abstract. -Introduction: A brief overview of what you are researching, why, and an overview of your research process (including the main topics you will review). This should be approximately one paragraph. -Background: Describe what led to the problem, explain the extent of the problem, and why it is necessary to research and resolve the problem. This should be 2-3 paragraphs. -Literature Review: Provide historical background on the area you are researching, provide a contemporary context in which your research is situated, identify any trends in the literature related to your problem, identifies gaps in the literature, draw conclusions based on the literature (what we know about the problem). This should be 2-3 pages. -Results: Through the analysis of data, state your findings. This should be approximately one page. -Conclusions: Based on the results of your data, interpret what they mean in the context of your problem and from an industry perspective. This should be 2-3 paragraphs. -Recommendation: Based on the results and conclusions, state your recommendation to address the problem. This should be 2-3 paragraphs. That final piece, the recommendation, is the critical element that brings everything together. It is the difference between a term paper and a research paper. You are not simply identifying a problem, but applying analysis, evaluation, synthesis, and critical thought to arrive at a solution. -Resources Final notes: Please make sure to follow the structure, use scholarly references and focus the research paper on the pilot side and primarily economic cycles in the U.S.
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