Determinants of demand for airline tickets Term Paper

Determinants of demand for airline tickets - Term Paper Example Large carriers in the industry have quite dominated the market, but the tactics of small carriers have been expressed to develop, and be able to penetrate the difficult large carrier zones, by providing frequent services through low cost carrier. It also elaborates the yield management pricing strategy of airline industries to maximize their profits by providing similar services to their customers at different prices. Finally, other concerns that the customers and airlines should consider before respectively buying and selling their tickets, which may affect their satisfaction and benefits are discussed. Keywords: Airline Industry, Customers, Large Carriers, Small Carriers, Low Cost Carriers Pricing Strategy, Demand, Demand Elasticity, Tickets, Profits ,In Flight Amenities Air transportation is one of the fastest modes of travelling in the modern society that has embraced technology and is very concerned with time management. It is very flexible and timely, but not everyone has had t he opportunity to use it. The airfares are quite expensive and some societies may view air travelling as a luxury. However, airline customers are offered a variety of airline tickets to purchase according to their suitability. ... They include income, ticket price, competitor’s ticket price, economy state, customer’s income, availability of substitute mode of transport and substitute price, customer loyalty, fright frequency, and preference among other minor factors (2008). Airline Industry Oligopoly and Ticket Price Taking an example of U.S. market share of the airline industry, in the third quarter of 2009, the four largest carriers, Delta & North, American, United and Continental airlines held 21.8, 15.2, 13.0 and 10.1percents respectively, totaling up to 60.1 % while the others held the 39.9 %, which best refer to an oligopoly situation(â€Å"Airline competition,† 2011). In general Enz states that â€Å"air line in United States, European union and Asia are dominated by a few large carriers† (2010, 65). The Airline industry consists of numerous firms global wise, and at an individual nation level, that merge up at times to create competition in service production. An action by a ny firm carrier in the industry has an impact on the general market since they are interdependent on each other. An entry in the airline industry is often difficult, and the collusion of the few existing companies in the industry gives the merging group superior marketplace control. While providing similar products that at times may be having no variation, it is often associated with insignificant competition if not none preferring product differentiation for a firm uniqueness. If one firm decides to change the ticket price for its customers, then this action would adversely affect the demand of tickets and flow of customers in other firms. Stability of an airline firm in the industry becomes deeply connected to the action and reactions of every single airline firm. If one company

Summary and Response Essay Example | Topics and Well Written Essays - 500 words - 1

Summary and Response - Essay Example Malcolm X and his peers did not join the army because of the racial tensions between themselves and the whites. Whether or not these young African Americans were wearing these suits to be unpatriotic or to just have fun is the riddle of the Zoot. The working class of African Americans’ plight consisted of low paying, dirty, and dead end jobs which did little to inspire hard work. Many did work hard, while some like Malcolm X turned to illegal methods to make money. Either way, working class or criminal, to go out and have fun in a Zoot suit, with conked hair gave young people a way to relax. The use of Malcolm X to examine the riddle of Zoot by the author is an interesting choice. Whereas there are other famous Zoot suit wearers of the time who did not denounce their actions, Malcolm X scoffed as his days in a Zoot suit. Malcolm X seemed embarrassed by his days in a Zoot suit. This could be as the author suggested as shame because of his conversion to Islam, but in reality the opinion of this author is Malcolm X was ashamed of having fun when so much work needed to be done to advance his people. He must of thought about all the wasted time spent in jail, dancing at Roseland, and wearing his Zoot suit in his youth. If Malcolm X would have converted to Islam earlier or started to spread his message sooner, history could have been changed. This author thinks that Malcolm X felt that he wasted his youth and mourned his lost time. What Malcolm X did not realize is his Zoot suit days helped shape his views as much as his conversion to Islam. The injustices he saw, the injustices that forced him to turn to crime helped form his personality. These shameful memories helped Malcolm X become one of the greatest leaders of our time. During these times he was kid being shaped by his environment. Before learning the disciple of