Course Name:
Airline Revenue Management
Duration:
5 Days
Scope:
Airline Management
Conducted By:RTC
How Will I Benefit?
- Make a correct decisions to optimize revenue on a given flight
- Apply Pricing strategies
- How to generate revenue through correct application of optimal seat allocation
Who Should Attend?
- Airlines Revenue Management Analyst –entry level
- Airlines Pricing Analyst
Course Contents:
- Revenue Management Overview.
- Managing Passenger Demand.
- Airline travel demand
- Demand strategies
- Forecasting demand.
- Revenue Management Market Segmentation.
- Maximization of passenger revenue
- Minimizing costs associated with denied boarding, spoilage and cancellation.
- Forecasting booking demand Approaches.
- Determines optimal products fare/mix.
- Determines optimal overbooking levels.
- Pricing strategies.
- Pricing discrimination vs. Product differentiation
- Airlines differential pricing.
- Booking class basics, structures and assignment.
- Seat inventory control
- Economic approach to seat protection
- Revenue Optimization and Seat Inventory Control.
- Spoilage management
- How do you set Overbooking Limits?
- Group Management
- Types of group travel
- Group Request evaluation
- Group Attrition
- Overview for O & D concept.
- Monitoring Performance
- Product Distribution
- Airline Revenue Management Organization
- Revenue management for low cost carrier
- Scheduling and Capacity Adjustments:
- Airline scheduling Process
- Schedule Design and Fleet Assignment
- Schedule and Capacity Adjustment.