Fundamentals Of Airline Revenue Management

An airline pricing expert deep dives into practical and conceptual RM & pricing management.

What you'll learn

Master the essentials of airline revenue management, understanding how pricing and demand management strategies impact profitability.

Gain practical insights into optimizing seat inventory to maximize revenue and ensure efficient resource allocation.

Explore the dynamic world of network and capacity management, learning to adapt to changing circumstances and travel restrictions.

Develop the skills to create effective capacity plans and flight schedules that account for operational capacity and variables, even in uncertain times.

Dive into real-world case studies, including strategies used during the COVID-19 pandemic, to make informed decisions in challenging situations.

Participate in interactive quizzes to test your knowledge and reinforce your understanding of revenue management concepts.

Apply your newfound knowledge through practical worksheets, building confidence in your ability to manage revenue effectively in the aviation industry.

Requirements

No prior knowledge of the airline revenue or pricing is essential.

Zest to learn the airline revenue dimension of aviation is crucial.

Description

Unlock the secrets of airline revenue management and pricing in this captivating course led by an airline revenue expert with over 8 years of experience. Delve deep into the dynamic world of commercial aviation and gain a practical and conceptual understanding of revenue management.Our instructor's profound knowledge and hands-on experience enable you to assess economic aspects of airlines and airports while making strategic decisionsDiscover how to develop capacity plans and flight schedules that optimize aircraft utilization, even in the face of challenges like travel restrictions and uncertainties, as demonstrated during the COVID-19 pandemic.The course covers essential topics, including an introduction to airline revenue management, passenger demand management, airline pricing strategies, interactive quizzes to test your knowledge, seat inventory management, network and capacity management, and practical worksheets to apply what you've learned. This comprehensive program will equip you with the knowledge and skills necessary to succeedEnroll now and embark on a journey to master the art of airline revenue management and pricing. Whether you're a seasoned aviation professional or an aviation enthusiast, this course promises to inspire, inform, and elevate your understanding of the aviation business. Get ready to soar in your aviation career with this captivating learning experience!

Overview

Section 1: Introduction

Lecture 1 Module 0: Introduction

Section 2: Module 1: What is Airline Revenue Management (ARM)?

Lecture 2 1.1] Evolution of ARM

Lecture 3 1.2] Necessiy of ARM

Lecture 4 1.3] Airline Product & Distribution

Section 3: Module 2: Managing Passenger Demand

Lecture 5 2.1] Airline Travel Demand

Lecture 6 2.2] Demand Strategies

Lecture 7 2.3] Market Clustering

Lecture 8 2.4] Demand Forecasting

Section 4: Module 3: Pricing

Lecture 9 3.1] Price Drivers

Lecture 10 3.2] Airline Customer Costs

Lecture 11 3.3] Tariff Structure

Lecture 12 3.4] Pricing Strategies

Section 5: Module 4: Seat Inventory Management

Lecture 13 4.1] Booking Class Assignment

Lecture 14 4.2] Nesting

Lecture 15 4.3] Inventory Control

Lecture 16 4.4] Spoilage Management

Lecture 17 4.5] Group Management

Section 6: Module 5: Network Capacity Management

Lecture 18 5.1] Route Planning

Lecture 19 5.2] Network Perspective

Lecture 20 5.3] Schedule Designing

Lecture 21 5.4] Fleet Assignment

Section 7: Module 6: Monitoring Performance

Lecture 22 6.1] Operating Performance

Lecture 23 KPIs

Those who wish to or already serve in the aviation sector.,Those who are pricing and revenue management learners and professionals.,Those who are studying an aviation related discipline.,Anyone from the aviation related industries (e.g. logistics supply chain, travel and tourism, cargo, etc.),Anyone curious about how aviation and its allied businesses work.