Analyzing and Comparing Commercial Aviation Accident Statistics

Running Head: Analyzing and Comparing Commercial Aviation Accident Statistics

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The statistical schedule of the passenger airline services has improved significantly in its safety factor. The safety record for the worldwide commercial aviation in 2011 was at its peak (Michaels & Pasztor, 2011). The report by the International Air Transport Association statistically depicted an airline accident ration of 1 to 1.6 million flights. The percentage improvement is 42 when drawn reference is to the year 2000 (Hersman, 2011).

The flight safety risk improvement strategies significantly focus on the on-ground and risk-attention criterion. The prediction of the flight risk hazards is before take-offs and after landing the aircraft. The commercial aviation improvement factors continue to draw more attention to risks relating to other aircraft, terrorism, conflict, or criminal activities, ground or cabin crew, air traffic control, pilot error, environment or weather, turbulence or unfastened seatbelts, and equipment failure (Pasztor, 2011).

The aviation safety research traditionally focused on the recommendation of corrective actions relating to the investigative findings of the flight accidents analysis. The reactive approach to the improvement of aviation safety is a substitute to a much recent call for a proactive approach emphasis. The emphasized approach seeks to identify and characterize emerging risk factors through recommendations on the prioritized risks. The basis of the model is by simulating exposure to narrate necessary improvements and account for the consequence of the related factors towards an improvement mechanism. The approach emphasizes more on systematic and organizational risk factors (Airclaims, 2012).

Noronha and Singal (2004) analyzes the relationship between an airline’s financial health and its safety record. The investment safety plan is a reduction when airlines focus more on short run profits. The proxy bond rates thus take account of financial performance instead of the profitability credited for the financial health. The establishment of causation still lacks between the correlation of airline safety and financial health.

References

Airclaims. (2012).World aircraft accident summary (WAAS), 1990-2012. CAP 479,

issue 167. London: Airclaims Ltd.

Hersman, D. A. P. (8 December 2011). Assuring safety in aviation’s second century [online] Montreal, Quebec8th annual Assad Kotaite Lecture, Available at http://www.ntsb.gov/news/speeches/hersman/daph111208.html 

Michaels, D., & Pasztor, A. (28 December 2011). Airlines count down to safest year on record [online].Wall Street Journal, Available at http://online.wsj.com/article/SB10001424052970204296804577124583734872946.html?KEYWORDS=airlines+count+down 

Noronha, G., & Singal, V. (2004). Financial health and airline safety.Managerial and Decision Economics, 25(1), 1-16.