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Running head: IMPACT OF THE MIDDLE CLASS ON THE US AVIATION INDUSTRY 1 The Effect of the Middle Class by either Shrinking or Increasing On the Aviation Industry in the U.S Name Institution
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IMPACT OF THE MIDDLE CLASS ON THE US AVIATION INDUSTRY 2 Abstract Aviation transport is fast becoming the most preferred means of transport by many passengers across the globe, especially considering the increase in industry players, as well as the subsequent drop in product prices, such as air tickets. The following paper explores a niche in the aviation industry characterized by the middle class in the economy. The research realizes the crucial part that the middle class play in the aviation industry, considering that they make up the largest portion of airline passengers. In this regard, the following paper explores the impact of the middle class on the aviation industry of the United States, by either increasing or shrinking. The paper will perform a correlational analysis to determine the relationship between an increase or decrease in the number of passengers in the aviation industry and the number of flights made across the country. The results depict a clear picture on how the middle class plays a critical role to the survival and growth of the US aviation industry. Key Words: aviation industry, middle class, correlational analysis, airlines, passengers, and ticket prices
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IMPACT OF THE MIDDLE CLASS ON THE US AVIATION INDUSTRY 3 Table of Contents Abstract………………………………………………………………………………………… .... 2 List of Charts and Figures…………………………………………………………………………5 Chapter One: Introduction………………………………………………………………………...6 Problem Definition / Research Gap……………………………………………………….7 Background of the Research Topic………………………………………………………..8 Theoretical Framework of the Research Study………………………………………… .... 8 Research Aim and Questions…………………………………………………………….10 Research Hypothesis……………………………………………………………………..10 Chapter Two: Definitions………………………………………………………………………..11 Middle Class and Its Definitions…………………………………………………………11 Definition of Class Categories…………………………………………………………...12 The US Aviation Industry………………………………………………………………..13 The Recession Period…………………………………………………………………….13 Recovery Period………………………………………………………………………….14 Categories of Airlines in the United States Aviation Industry…………………………..15 Ticket Tier………………………………………………………………………………..15
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  • Fall '19
  • Wind, Delta Air Lines, aviation industry

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