aviation management: Surviving the Economic Crisis

Surviving the Economic Crisis Name Course Date of submission Due to the current economic crisis there is a high possibility that air travel business will be highly affected. The market trends show that that approximately thirty percent of the clients supposed to travel this month will either cancel their trips or not travel at all. This could affect the business of France airlines permanently if the situation is not well dealt with. The time duration for the current economic crisis is uncertain and the company has to take adequate measures to deal with the issue permanently. In the current situation the company will be negatively affected by the crisis and might lead to great loss in the company and possibly failure and eventual closing of the company. A good example of the effect of an economic crisis on air travel companies is the Kingfisher Airlines in India which was forced to close after it was hit hard by the economic crisis. There is therefore need to maximize on the few people travelling. As much as we need to keep our services up to standard we also need to check on the costs that we incur in during the economic crisis. The crisis has led to great inflation I some of the most valuable commodities. The increasing prices of oil has greatly affected the air travel market and increased the costs incurred in every flight. On the on the other hand the fact that most of the travelers also affected by the crisis means that we cannot increase the prices of travelling or we will lose most of them. In order to survive the crisis without negatively affecting the income and quality services incurred we have to stand out in the European air travel business. We have to make wise decisions that will lead to an increase in the number of clients using our airline and minimize the cost of every flight. One of the ways to ensure that we keep the company in good business despite the various challenges there are in the sector is to manage the trips we make. The money made in each trip should cover for the fuel charges and other costs incurred during the flight and leave some money for the profit of the company. During the economic crisis many of the trips are likely to be canceled. This means that many of the routes might not get people to fill the plane to the maximum. If the plane is not filled then the plane might not pay for the cost incurred during the flight leading to losses. One of the ways to adequately deal with this situation is to change the routes used by the planes to include various stop-over before reaching the main point. This will enable the company to accommodate people travelling to various destinations to use one plane which will minimize the cost. This will mean that the planes will be filled by the passengers to various destinations other than the main destinations. This will help in reducing the cost incurred in every plane. The move will minimize the number of unoccupied seats despite the various tickets being canceled thus redu...