Annual Air Transportation Growth and Economic Growth, 1950-2020 (update)

The Covid-19 pandemic represents the fourth time the industry experienced a decline. The most significant disruption experienced by air transportation and a strong divergence between passengers and freight activity, which was not apparent in previous phases. While the number of passenger-km declined by 65.6% between 2019 and 2020 (a loss of

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Rationale for Outsourcing

Outsourcing involves moving some of the internal activities of a firm to outside provider(s). The supplier replaces some internal capacity and production through a binding agreement defining the terms, costs, and duration for the procurement. The means of production are transferred to the supplier, which can be a benefit but