Web Definition: Airlines
An airline is an organization providing aviation services to passengers and/or cargo. It owns or leases airliners with which to supply these services & may form partnerships or alliances with other airlines for reasons of mutual benefit. The scale & scope of airline companies ranges from those with a single airplane carrying mail or cargo, through full-service international airlines operating many hundreds of airplanes in various types. Airline services can be categorized as being intercontinental, intracontinental, regional or domestic & may be operated as scheduled services or charters. These variations in the types of airline companies, their operating scope & the routes they serve, makes analysis of the airline industry somewhat complex. The general pattern of ownership has gone from government owned or supported to independent, for-profit public companies. This occurs as regulators permit greater freedom, in steps that are usually decades apart. This pattern has not been completed for all airlines in all regions. The demand for air travel services is derived demand.
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