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! | ||
| - | '''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) | + | '''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) And keep planes flying as much as possible (Aim the plane for as few hours free as possible - this isn't realistic but it works) |
== Expanding == | == Expanding == | ||
