3.3 - Optimizing Airline Revenue joseph dubois.docx - Running Header OPTIMIZING AIRLINE REVENUE 1 Optimizing Airline Revenue Joseph DuBois Embry-Riddle

3.3 - Optimizing Airline Revenue joseph dubois.docx -...

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Running Header: OPTIMIZING AIRLINE REVENUE 1 Optimizing Airline Revenue Joseph DuBois Embry-Riddle Aeronautical University BSAB 415 April 12, 2020
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OPTIMIZING AIRLINE REVENUE 2 Stay Woke Air Stay Woke Airlines is a new airline with plans on becoming one of the top airlines in America. We are focused on exceptional customer service with the goal to provide the best experience for your money. Stay Woke Air will be operating as full-service carrier initially, with plans to enter other markets in the future. Optimizing Airline Revenue There are multiple avenues Stay Woke Air will utilize to optimize revenue and maximize profits. Some of these strategies are continuous/long term strategies. A few examples will be gaining market share, increasing product development, and planning different ways to enter new markets. For an airline to succeed and grow, revenue must increase. The more revenue an airline has flowing in, the quicker it can grow and expand into different markets. This is vital if Stay Woke Air plans on competing with the top airlines in today’s world. Pricing Strategies To begin we will use “Pricing for market penetration”. This strategy can be a bit risky due
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