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Homework answers / question archive / 181) Written Assignment What is Airline Management and what is Revenue Management in the Airline Industry? From your readings and additional research, express what you believe the core components of airline management and revenue management are in the airline industry

181) Written Assignment What is Airline Management and what is Revenue Management in the Airline Industry? From your readings and additional research, express what you believe the core components of airline management and revenue management are in the airline industry

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181) Written Assignment

What is Airline Management and what is Revenue Management in the Airline Industry?

From your readings and additional research, express what you believe the core components of airline management and revenue management are in the airline industry. Include a summary on how the core components of both, airline and revenue management coincide for mutual benefit.

Please support your viewpoints with reference information.

A Note on Reference Sources

The written assignments for this course require a concise analysis of a specific topic based on information from authoritative sources including industry publications such as, Air Transport World and Airline Business, the best newspapers such as the Wall Street Journal, the FAA, DOT, NTSB, etc. websites, and peer-reviewed publications that are available from the ERAU Hunt Library.

Paper Requirements

Written in current APA format.

182) 1) Start with the basics and identify, at a minimum, the following:

  • Your mock airline name and mission statement.
  • Whether your airline is a mainline airline, regional airline, or cargo airline.
  • Whether your airline is a domestic and/or international carrier.
  • What type of aircraft fleet will comprise your airline.
  • Whether your airline will be union or non-union.
  • Where will your airline's hub airports be located. You will need a minimum of three and a maximum of five hub airports.

2. Describe your airline's overall revenue focus.

This discussion should include identification of airline revenue strategies designed to gain market share, how these strategies create determinants of airline passenger demand, focusing on specifics such as; route structure, business and leisure travel, seasonal operations, fleet structure, etc. (1-2 pages)

A Note on Reference Sources

Paper Requirements

  • Written in current APA format. 2
  • 2-4 pages in length not including the title page and reference page. (include both 1 & 2 in one document)
  • All references should be cited in the text of the assignment and on the reference page.
  • Refer to the Airline Revenue Management Project page for complete details on your

183) Project Component

Determine how your airline will optimize airline revenue.

This will be an expansion of your assignment in Module 2, however in this assignment you will focus on specific ways that you can optimize airline revenue.

Please be creative and feel free to think outside the box!

This discussion should include specifics on determining the impact of airline revenue related to pricing strategies and profit maximization designed to gain market share, increase product development, and penetrate new markets, airline operations, customer impact, staffing models, etc.

Locate at least one peer-reviewed article from the Hunt Library to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don't forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format. 2
  • 2-3 pages in length not including the title page and reference page.
  • All references, including your peer-reviewed article, should be cited in the text of the assignment and on the reference page.
  • Refer to the Airline Revenue Management Project page for complete details on your project.

184) Project Component.

Determine the controls for your airline's strategic planning and management.

Your discussion should include specifics on airline operations, pricing strategies, inventory/yield management, operating costs, and a measurement plan that outlines key elements such as, on-time departures and arrivals, aircraft in maintenance, factors affecting airline scheduling, and the problems of traffic flow, etc.

Include a summary of your mock airline’s control elements to recap the key points for the reader.

Locate at least one peer-reviewed article from the Hunt Library 2 to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don't forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format. 2
  • 2-3 pages in length not including the title page and reference page.
  • All references, including your peer-reviewed article, should be cited in the text of the assignment and on the reference page.
  • Refer to the Airline Revenue Management Project page for complete details on your project.

185) Project Component.

Assess the fundamental airline forecasting elements and the forecasting plan related to your mock airline’s strategic planning and management with a focus on analysis, planning, and control. Identify data on route a structure revenue, seasonal operations revenue, fleet structure costs, staffing model costs, etc.

Construct a forecasting matrix of a minimum of four and a maximum of seven (4-7) core functions that will impact your mock airline’s revenue structure. Examine how each of your core components that you review correlate to each other to benefit revenue overall. Include recommendations on if one element is not performing to desired forecasting, the controls that you would have in place to alert and correct such issues.

Finally, include a summary of information on the mock airline’s forecasting elements in airline strategic planning and management to recap the key points for the reader.

Locate at least one peer-reviewed article from the Hunt Library 2 to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don't forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format.
  • 2-3 pages in length not including the title page and reference page.

186) Written Assignment

Explore the impact of air cargo operations from the perspective of air-express, air freight, and air mail services. Include a minimum of three and a maximum of five elements consisting of: a discussion on the factors affecting airline scheduling and the problems of traffic flow, schedule sensitivity, and financial leverage of load factors.

Examine the fleet planning process and provide an example from a current manufacturer and individual air carrier to support your viewpoints. Also, include a summary of information to recap the key points for the reader.

Locate at least one peer-reviewed article from the Hunt Library 2 to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don't forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format.
  • 2-3 pages in length not including the title page and reference page.
  • All references, including your peer-reviewed article, should be cited in the text of the assignment and on the reference page.

187) Project Component.

Determine your mock airline's fare structure. Your discussion can include mock data on the fare structure that you outline for business vs pleasure travel, passenger demand patterns, Seasonal operations, the elasticity of demand, pricing strategies, inventory/yield management, operating costs, profit maximization, and output determination in the short run.

Include a revenue matrix of four to seven fare structure examples that will impact your mock airline’s revenue. Your discussion should demonstrate how each of your fare elements will correlate to each other to benefit revenue overall. Also, include recommendations on any elements that are not performing to the desired revenue level and the controls you would have in place to alert and correct such issues.

Locate at least one peer-reviewed article from the Hunt Library 2 to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don’t forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format. 2
  • 2-3 pages in length not including the title page and reference page.
  • All references, including your peer-reviewed article, should be cited in the text of the assignment and on the reference page.

188) Determine your mock airline's monitoring and audit process. This discussion can include specifics on an audit plan and how you would measure and enforce an audit plan, specifics on airline operations, etc.

Refer to the readings in this module on core components of an airline audit plan. Include three to five core components that you believe are essential within an audit plan for airline operations. Discuss how the core components correlate to each other and benefit oversight within the organizational structure. Be sure to include a method of measurement for your suggested audit process.

Also, include a summary on the mock airline's monitoring and audit process to recap the key points for the reader.

Locate at least one peer-reviewed article from the Hunt Library 2 to support your viewpoints.

You may reference your readings, however you must also reference another article you found in the library. Don’t forget to cite your source(s)!

A Note on Reference Sources

Paper Requirements

  • Written in current APA format.
  • 2-3 pages in length not including the title page and reference page.
  • All references, including your peer-reviewed article, should be cited in the text of the assignment and on the reference page.

189) Conclusion - Final Project.

Put all of the required components together and provide a conclusion page that recaps many of the key components of your airline revenue management plan.

Paper Requirements

  • Written in current APA format
  • 20-31 pages in length not including the title and reference pages
  • All references should be cited in the text of the paper and on the reference page

Ensure you have met all of the requirements on your course project and don't forget to thoroughly proof-read your paper!

Review the Airline Revenue Management Project page one last time for complete details and requirements on your project.

Submission

Save your paper using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters. Once complete, submit your assignment to this activity.

 

 

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