Eastern Air Lines

Flight consumer population consist of the passengers that do not have fear of flying and the passengers affected by fear of flying. Therefore, two utility functions are defined. The passenger utility function not affected by fear of flying U is determined by: a) consumer income Y, b) airfare for chosen route p, c) opportunity cost of time spend on the flight u, d) frequency delay cost, e) stochastic delay cost and f) passenger loyalty/travel benefit A. The mathematical formulation of the…

Yield Management Yield management originated in the air craft industry back in the end of the 1970. People’s Express startet the new trend, and sold their tickets at a lower fare than the competing airline companies. To not lose the price conscious customers to People’s Express, the competing airline companies followed this trend and sold cheaper plane tickets to the price conscious. This is the most important principle in yield management; to sell the right product to the right customer to…

Pilot training- A gateway to a wonderful aviation career Everyone dreams to make big and soar with success in life. The choice of a career plays a big role in deciding the fate of your dream. In today’s time there are countless number of options available that make our decision far more complicated than easy. The key to selecting a right career is to start early in life by assessing your interests, strengths and weakness as your personality traits must be compatible to your occupation. It is…

1. The Passenger “American Airlines, Flight 11. 9-11-2001. Economy Class, seat 32A. Boarding time: 7:45 A.M. Departing from Logan International Airport of Boston MA, Gate B32. Destination: Los Angeles, California.” I restlessly read my plane ticket over and over. It may seem as if it’s not a big deal. Just a boarding pass, right? But this isn’t just any flight. After being in Boston for almost two weeks, the homesickness is hardly bearable anymore. It’s almost been two weeks since I’ve seen my…

Information goods Information goods to not highlight in the airline industry as a seller, however airlines do use information goods, as with other industries, in some format. Airlines that provide in-flight movies and music are making use of providing information goods to their customers especially if they charge a fee for this. Weather reports (Ward 2016) is another illustration of a very beneficial information good used by airlines when deciding on diversions within routes. The importance…

The legal issue in this circumstance is of the contract and its validity. The first factor to consider is to determine if a contract even exists. The drink company implied, through a commercial advertisement that if an individual earned seven million company points, they would be rewarded with a jet. It needs to be determined if this was an offer made in the advertisement. The individual saw this commercial and did, in fact, reach the 7 million company points. He then wrote to the company and…

Noone (2017) classified the concept as THRM, which comprise the consideration of different revenue streams, understanding of customer values which equates to CCRM and the switch from top-line to bottom line to include distribution and operating costs. Examples of such non-room revenue streams are restaurants, spas, meeting facilities that are integrating with RM application, and attracting more research in the field, where several studies have…

In the following, we will try to discuss this topic from the aspects of elasticity of passenger demand, popular destinations, mode of transport and the booking patterns. 1. Elasticity of Passenger Demand At the present time, the competition in the air travel industry is becoming more and more intense. The passenger is more price sensitive in the worldwide. With this background, business development based on an elasticity of demand is more crucial to the business success for every airlines. But,…

Terminal 2. Fly Dubai was originally established in July 2008 by the government of Dubai (Flydubai.com (1), 2014). Emirates supported Fly Dubai during the establishment phase, though it is not part of the Emirates Group (Hofmann, 2014). At the Farnborough Air Show on July 14, 2008, Fly Dubai placed an order on American aircraft manufacturer Boeing for 50 Boeing 737-800 with a total value of USD 3.74 billion tagged with option for upgrade over the long range Boeing 737-900ER in accord with the…

First Air Test 15. Snag rectification if any Required rectification tools and testers 16. Final Air Test 17. Documentation & Handing over to Customer VI. Accomplishment and Results In order to implement lean principles a task group was formed with technicians from different servicing bays. All of…