Page 92 - Beginner's Guide to Aviation

MANAGING AN AIRLINE 4. Setting a reasonable price Airline also need to set the right prices for the air tickets. If the price is set too high, some passengers would not be attracted and airlines would not be able to fill up the seats in the plane which can result in losses. If the price is set too low, it is not good for the airlines as well because the revenue earned may not be enough to cover the expenses generated which can result in losses for the airlines too. There are different seat classes in an aircraft. Of course with the different seat classes comes with different services and facilities provided and the prices would definitely be different too! The general ones are known as First Class, Business Class and Economy Class. Can you guess which of the three classes is the more luxurious and expensive one? This stage is also known as Revenue Management. Upper Deck Layout Main Deck Layout An example of a A380 seat map FUN FACT: Did you know that airlines normally overbook their flights by selling more seats than the actual amount of seats available? This is because the airlines need to reduce the chances of flying with empty seats due to some passengers not showing up for their flight at the very last minute. Empty seats are bad for airlines and can result in losses. therefore, airlines overbook their flight to ensure its aircraft seats are filled up as much as possible.