Businessmen are people, it is more obvious than they would like to sky diving in the airline business. More than 100 years since its establishment, many wealthy people want to empty huge birds. Knowing that they can own airlines, it is a little satisfied with their self. Their self is further promoted by consultants and consultants who persuade them that their airline business profits, and these benefits will get down to them like empty raindrops.
However, the actual situation is completely opposite. Airlines, especially emerging companies, are the most difficult companies to manage. Thanks to an income management system that constantly changes the price of a ticket based on the break-even goals and competitive pricing, even if older established airlines, even on an aircraft It is difficult to fill a seat. Therefore, in the 2000s, I noticed that the average EBIT rate of the average operating airline did not exceed 0.7%. This is about the same as or even lower than the retailer's business EBIT (Stähler, 2016).
Most traditional airlines have problems. Delta Airways, Northwest Airlines and American Airlines applied for bankruptcy in 2011 (DeBord, 2011). Learning from their experience, airlines like Etihad partnered with other airlines; in the case of Etihad it is Alitalia. Some airlines, like almost everything else, strongly hope to survive to survive and freely travel across national borders. But the government needs to go beyond the strict attitudes of state and private operators, so that they can cooperate with one another. In addition, airline models need to be carefully considered at LCC and Legacy Airlines, and it is necessary to identify and measure predictors of success or failure (Sveinn Vidar Gudmundsson 1,1999)
Sveinn Vidar Gudmundsson 1. (1999). Prediction of failure and distress of airlines Comparison between quantitative models and qualitative models Direct science
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