Buy custom Economic Profile: Airline Industry
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2659 |
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A study was performed through a local airline with a consistent commuter market. Although regular reservations have the advantage of a guaranteed flight, locals were more inclined to opt for standby status to be able to save money on the flight (Animesh, G., 1981). Price changes i.e. standby status etc...
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Price changes i.e. standby status etc. seemed to be more elastic than permanent price change, but both are elastic. Fortunately, standby travel options are provided for certain flights as a suitable substitute. Since seating is determined by destination all airlines may be able to provide a seat for the same destination with varying prices...
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