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Necessity of Risk Management Systems Implementation in Air Transport

Author

Listed:
  • Gheorghe Camelia Monica

    () (Romanian-American University of Bucharest)

  • Sebea Mihai

    () (Romanian-American University of Bucharest)

Abstract

In a time when business uncertainty is highest in the airline industry, risk management strategies have become vital to the executive committee of the airline and airport managers. Risk management process involves the fact that organizations overcome unforeseen situations and achieve the maintenance performance and customer growth, profits, benefits etc. In other words, it's competitiveness by prioritizing risk management strategies. Currently, risk management strategies deviating significantly from traditional ones in terms of both major elements and as one of the objectives, scope, focus and application.

Suggested Citation

  • Gheorghe Camelia Monica & Sebea Mihai, 2010. "Necessity of Risk Management Systems Implementation in Air Transport," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 255-258, October.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:255-258
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    Keywords

    tourism; air transport; risk management;

    JEL classification:

    • L - Industrial Organization

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