1. Discuss the ways in which air carriers compete with each other. How have regulatory changes affected this competition?

Intermodal

Answer here:

Intramodal

Answer here:

2. What is the major advantage of air carriers? How does this advantage impact the inventory levels of those firms using air transportation? Explain how this advantage relates to the choice of modes when choosing between air carriage and other modes for freight and passengers.

3. How does fuel cost and efficiency affect both air carrier costs and pricing?

4. What is the current situation of labor within the air industry? Are unions a major factor? How does skill level vary within the industry? Do you think this situation is similar to other modes? If so, which one(s)? Explain why,