It's no secret that air is one of the most expensive ways for someone to ship goods from one location to another. When demand is high, major airlines are well positioned to experience healthy growth and profitability. But with our current economic slowdown, fewer goods are being shipped and fewer people are turning to airlines as their chosen mode of transportation. Consequently, this sector has found itself facing a unique set of customer risk issues.
The challenges that airline companies face during a strong economy don't go away during a downturn. The cost of fuel still represents a large proportion of the air industry's overall costs. Compliance with and scrutiny over the sector's environmental footprint continue to be important to communities and governments. Despite recent consolidation in the sector, it is still very competitive with players of various sizes. As well, it remains a heavily regulated and heavily taxed industry.
How PwC can help
Our Transportation and Logistics practice is well-equipped to meet the unique needs of the airline sector. We offer a full suite of tax, sustainability and customer risk management services to help your company address the challenges it faces, both in good economic times and in bad. We have experience working with some of the largest air industry players, both in Canada and globally.
Contact us today to see how we can help.