Tips and strategies for growth
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'''No profit?''' if you're not making profit on a route, lower/raise the prices! If you're not making profit because of competition, offer better (lower) prices than your competitors! If your planes are 100% loaded and you have no profit, fine tune your prices! Raise them. Start by raising your prices by $100/$200 each time until you make profit. Keep raising your prices until your plane(s) are no longer full (<90%. Then lower the prices by about $50 until your plane(s) are loaded again (>90%). Then, raise your price again a dollar at a time till you hit the maximum profit potential! | '''No profit?''' if you're not making profit on a route, lower/raise the prices! If you're not making profit because of competition, offer better (lower) prices than your competitors! If your planes are 100% loaded and you have no profit, fine tune your prices! Raise them. Start by raising your prices by $100/$200 each time until you make profit. Keep raising your prices until your plane(s) are no longer full (<90%. Then lower the prices by about $50 until your plane(s) are loaded again (>90%). Then, raise your price again a dollar at a time till you hit the maximum profit potential! | ||
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| + | '''Consider a Low-Cost Airline''' While you may want to jump in and revolutionise how business travellers fly, it is generally a better idea to adopt a low-cost business model. Examples of ways to do this are: Operate only one model of plane, such as the A320 or 737, Maximise the number of seats to a plane, and ensure they are all economy seats, Fly from secondary airports (Newark rather than JFK, Stansted rather than Heathrow) | ||
== Expanding == | == Expanding == | ||
