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Stay Woke Air will rely heavily on our Quality management department to keep us on theright track and in compliance with all regulations new and old. Doing so will keep us efficient, by reducing waste, improving practices, keeping us safe, and overall keep us moving in the right direction. ConclusionIn today’s airline industry, ticket sales and is not the only thing airlines depend on for revenue. The market is very tough and competitive in all aspects and operational expenses for airports are on the rise. No matter what type of airline you operate, be it Premium full-service flights or Low-cost carriers there must be different methods used to keep a steady growth of revenue. For the most part revenue generating processes are pretty standard in the airline industry and do not really change form airport to airport. One thing that does change are the fees that each airport charges. When an airline must operate at one of this higher cost airports, the result is usually higher operational cost for the airline which they must make up by raising ticket prices or concessions. Airline revenue management has become a mostly strategic, but vital means in many markets, and advanced suppliers now offer different revenue management solutions. For most airlines, revenue management is not a viable advantage. The CEO or the airline leadership team must undoubtedly define the airline’s vision. Once this is accomplished team is now driven and must work towards this vision to sustain competitive advantages (Bacon, 2020). Revenue management can no longer be a sole strategy that an airline uses, but instead an airline can use revenue management as a tool for confirming the overall airline strategy. Revenue management
AIRLINE REVENUE MANAGEMENT PROJECT22still has an important role and that is to assign demand over limited capacity. Stay Woke Air will be a successful airline by implementing the right people in the right places to get the job done. We will find out what works best as we grow and continue to always put the employees first. As I always say, “If you take care of your employees, they will take care of you (the company)”.ReferencesA Beginner's Guide to Airfare Types: ASAP Tickets Travel Blog. (2018). Retrieved from Aviation Forecasts. (2020). Retrieved from Bacon, T. (2014). How to forecast more accurately: lessons for the airlines from other industries: Travel Industry News & Conferences. Retrieved from -accurately-lessons-airlines-other-industriesBeers, B. (2020). Which major expenses affect airline companies? Retrieved from -companies-airline-industry.aspBoeing. (2017). World Air Cargo Forcast. Retrieved from Bonsor, K. (2020). How Airlines Work. Retrieved from