Midterms Flashcards
This is a business or company that offers services for transporting passengers or goods through air by the use of aircraft
Airline
State the six airline business models
- Full Service airlines / carriers
- Low Cost airlines / carriers
- Charter airlines / carriers
- Regional airlines / carriers
- Cargo airlines / carriers
- Hybrid airlines / carriers
Plan or a guide of the company that includes the products and services (how they can earn)
ABM
These have large fleet which is diversified. They operate in all sorts of routes starting with long haul, medium range (short haul) and regional flights
Full Service Airlines / Carriers
These are often the former national airlines of a country which has been privatized. These airlines companies are the flag carriers of their respective countries and have been around probably ever since airlines existed.
Legacy airlines
Give the Pros and cons on Full Service airlines/ carriers (legacy airlines)
Pros:
- Good Quality
- Inclusion of amenities
- Reserved Seating
- Diversified fares
- Convenient loyalty programs
Cons:
- More expensive compared to LCC’s and other models
These are also known as a no frills, discount or budget carriers or value based carriers, are airlines that offer generally low fares to transfer from point A to B and offer much lower average fares, with cost saving in labor, distribution, service and aircraft utilization
Low Cost airlines / carriers
State the Pros and Cons of LCC
Pros:
- Low Fares
- Fares may go lower during season
- Turnaround time
Cons:
- Add ons / extra fee
- No extra baggage
- No reserved seating
- Operate in secondary airport
- No connecting flights
They operate on a demand driving basis. Tourism has stimulated the development of charter airlines. It opened new destinations and tourism markets
Charter Airlines
A charter airline is a broad term for carrier that focuses on the transportation of tourism and referred to as?
Holiday or Leisure airlines
State the pros and cons of charter airlines
Pros:
- Quality and Comfort
- Flexibility ( can access almost all places)
- Direct
- Good for medical emergency situation
Cons:
- Expensive
- Stricter cancellation penalties
These aim to transporting people from smaller, regional airports to larger airports and vice versa.
Regional Airlines
They operate as feeders of the FSC’s, connecting secondary airports to major or primary airports
Regional Airlines
Airlines which make their living out of transporting goods for forwarders of big shipping companies. They do not have any costs associated with the transport of people
Cargo Airlines
They are a combination of two or more business models. They do not adhere to one single strategy but adopts attributes from different airlines business models and combines them
Hybrid airlines
This is a person who is in a vehicle such as a bus, boat, or plane who is traveling in it but who is not driving it or working on it
Passenger