Air Transport Economics

3-day (24 hours) classroom course

IATA’s Air Transport Economics course will equip you with the know-how of the key economic concepts and how they apply to aviation. You will learn how economic scarcity influences airline decision-making. The course will define key performance indicators (KPIs) in aviation and give an up-to-date overview on major aviation trends, economic developments and the industry outlook. You will learn about the role that airlines play in critical macro-economic activities such as job creation, social mobility and economic development. The course will outline the rationale of how and why airlines cooperate and compete and contextualize the roles of authorities and the application of regulatory economic frameworks to safeguard against anti-competitive activities to ensure long-term economic development.

Course code: ALC020VEEN01

Course format

• This classroom course provides 3 days (24 hours) of instruction delivered by an official IATA Instructor.
• Take this course at an IATA Training Center, Regional Training Partner, or on-demand as in-house training.
• Student performance will be based on an assessment.

Prerequisites

• Recommended level is Entry-level and Intermediate.
• The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

• When you click the Register button, you will be directed to log in to your Training Account.
• Register early and save up to 25% at our Training Centers! Please read the Terms and Conditions for the early bird discount.

In-house training

To arrange in-house training for your company, please complete the in-house training request form or contact the Training Specialist in your region.

Upon completing this course, you will be able to:

• Recognize how fundamental economic concepts apply to aviation and influence airline decisions
• Explain how airlines support and develop economic activity and contribute to job creation opportunities
• Discuss the international regulatory framework that governs how airlines compete and cooperate
• Elaborate on the most relevant contemporary economic developments and the industry outlook
• Apply learnings from the course to your day-to-day decision-making and strategic planning activities

The key topics that are covered during this course include:

• Scarcity and principles of economics
• Economics of the travel and aviation industry
• The role of airlines in job creation and economic development
• Competition and cooperation in the industry
• Regulatory economic framework
• Impact of economic shocks

This course is recommended for:

• Policymakers and CAA professionals
• Aviation commercial and finance managers
• PR, Brand and Corp Comms professionals
• Customer-facing airline flight and cabin crew
• Customer service and pax handling managers
• Beginners interested in aviation careers

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.