Airline Fare Structure

Running head: CONTROLS IN AIRLINE STRATEGIC PLANNING AND MANAGEMENT 1

CONTROLS IN AIRLINE STRATEGIC PLANNING AND MANAGEMENT 5

Controls in Airline Strategic Planning and Management

Student

Institution

Date

Strategic planning and management are both important for every organization's process of achieving its long-term goals. Voyage airline utilizes strategic planning to form its direction, that is, its priorities, vision, and mission through strategic management, which is the overall direction achievement process from planning to execution. To promote growth and increase the airline's revenue, the organization uses the stay woke air strategy controls. These controls include reducing operating costs, pricing strategy, efficiency in airline operation, and yield or inventory management. Voyage Airlines uses these strategies effectively to continue increasing revenue and staying competitive.

Voyage airline compares every online travel agent to find the cheapest flight tickets on the net. It also offers loyalty programs by awarding its customers every time they fly their points or air miles to spend on their later flights. This way, customers are attracted to maintain their loyalty to this company. The airline also allows customers to get credit cards that allow them free first-class lounge visits. If a customer is flexible on the dates they fly, the airline provides a sky scanner tool to find the day that is cheaper to fly to their destination.

Airline operations in every company must be associated with a cost, and these operations may include aspects such as flight operations, maintenance, and ground resources. These flight operations include flight planning, the process of producing a flight plan for a specific aircraft destination. The process, therefore, involves fuel calculation for the aircraft to reach safe to its destination and involves compliance with the requirements of the air traffic controls to avoid risks associated with mid-air collision. The company planners also choose the appropriate route, speed, and height; they load the necessary fuel on board to minimize flight costs (Şi̇mşek & Aktürk, 2022). This way, the company can maximize its profit for its competitive advantage. Another flight operation that is essential to the company is the use of dispatchers. These people assist in flight path planning by considering en-route winds, aircraft loading and performance, airspace restrictions, and many other tasks (Şi̇mşek & Aktürk, 2022). Voyage airline employs highly qualified flight dispatchers to avoid losses associated with wrong decisions and missed plans.

It is very important to have an effective maintenance system for every aviation industry to stay in compliance with aviation regulations and uptime and reduce long-term airplane repair and maintenance costs. Voyage Airlines has made maximum use of specialized fleet management software to streamline its operations both on the ground and in the air. It also optimizes regular maintenance by employing qualified technicians who handle routine maintenance checks to keep their aircraft's worthiness, reducing costly downtimes and preventing the breakdown of machines in the future (Buyruk & Güner, 2021).

For its competitive advantage, Voyage airline conducts inventory management to identify the type and amount of stock to order at a specific time (Keivanpour & Kadi, 2019). This practice is important in responding to trends to ensure the availability of services and aircraft to fulfill customers.

Internal factors that may affect airline schedules include market factors such as time zone, market size, location of airports, and total trip time. In addition, facilities that make a flight possible include terminal capacity, cargo handling facilities, runways, gate space, waiting areas, ticket counters, and navigation aids. In addition, the cabin crew and flight attendants are a major factor; they need to be adequately trained and given enough resting time. External factors include cargo shippers, weather patterns, airport authority, and local communities. All these factors are considered when determining customers' departure and arrival times in every airline industry.

Airlines are faced with traffic flow problems due to the increased rise in the airline industry; this has put additional pressure on the traffic control system. It, therefore, calls for air traffic managers to be effective enough to avoid delays and collisions.

Reference

Buyruk, M., & Güner, E. (2021). Personalization in airline revenue management: an overview and future outlook. Journal of Revenue and Pricing Management, 1-11.

Keivanpour, S., & Kadi, D. A. (2019). The effect of “Internet of things” on aircraft spare parts inventory Management. IFAC-PapersOnLine, 52(13), 2343-2347.

Şi̇mşek, D., & Aktürk, M. S. (2022). Resilient airline scheduling to minimize delay risks. Transportation Research Part C: Emerging Technologies, 141, 103734.