Which of these costs of an airline must update most frequently. 1. Flight crew. 2. Fuel cost. 3. Maintenance spending. 4. Advertising spending. 5. Aircraft ownership costs

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question
Which of these costs of an airline must update most frequently. 1. Flight crew. 2. Fuel cost. 3. Maintenance spending. 4. Advertising spending. 5. Aircraft ownership costs.
Expert Solution
Step 1

INTRODUCTION:

The airline business is a highly competitive industry with numerous airlines competing for market share. To succeed in this industry, airlines need to offer a product that is appealing to customers and provides a competitive advantage over other airlines. There are numerous factors to consider when developing an airline business plan, including the type of aircraft to be used, the routing of flights, the target market, and the pricing strategy.

Airlines must also take into account the expenses related to running an airline, such as fuel, maintenance, and airport fees. Any airline hoping to succeed in the fiercely competitive airline market must have a solid business plan. 

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON