Airlines Ticketing and Fares Construction

November 6, 2023

Talent Chigu

UB82745BTO91963

Understanding Airlines Ticketing and Fares Construction: Insights and Applications

The assignment by Tendai Chigu explores Airlines Ticketing and Fares Construction, emphasizing key concepts such as yield management and pricing strategies. It includes personal insights, case examples, and practical applications of knowledge in real-life scenarios, highlighting the significance of understanding fare structures in the aviation industry for effective decision-making.

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Assignment Transcript

Tendai Chigu, a student at Atlantic International University, presents an insightful assignment on Airlines Ticketing and Fares Construction. This comprehensive study delves into the complexities of airfare pricing, examining factors such as seat availability, fuel surcharges, and dynamic pricing strategies. The assignment highlights the importance of yield management and market segmentation in optimizing revenue. Additionally, it discusses the challenges posed by currency fluctuations and the role of advanced IT systems in fare construction. Through personal reflections and case examples, Tendai illustrates how this knowledge can be applied in personal travel, business contexts, and community advocacy. This work not only enhances understanding of the aviation industry but also equips individuals with practical skills for navigating airfare pricing effectively.

Atlantic International University

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