Glossary of Airline Terminology

Economic Impact

With regard to a specific industry or sector, the sum of first-level (i.e., sales, revenue, output) and induced (purchases required to produce the sales or output and household spending by the industry’s employees) impacts. In the case of commercial aviation, primary impacts on the U.S. economy are related to: airlines and supporting services; aircraft, engines and parts manufacturing; and air visitor travel and other trip-related expenditures.

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