Route Forecasting and Development
Identify flight routes for airlines through the detailed study of airline performance, route profitability, competitors, revenue potential and future business strategies
Type
Functional
Competency Area
Commercial Management
Levels
Examine trends and acquire data needed to forecast demand
Ascertain demand for specific flight routes
Identify passenger preferences for flight routes and timings
Identify and acquire data critical to route forecasting and development
Analyse the potential and returns of existing and proposed routes
Calculate potential financial returns for proposed flight routes
Integrate traffic data, research data and analytics to execute route forecasting
Produce route traffic forecast reports
Manipulate and change variable data in route forecasting to perform what-if scenario analysis
Propose improvements to route forecasting models and procedures
Develop new flight routes and define capabilities of the airlines to operate proposed routes
Develop route forecasting models and procedures for airlines
Create new flight routes for airlines after detailed review of traffic data and route traffic forecast reports
Determine potential issues and risks which may arise from new routes
Develop strategies to mitigate risks
Detail fleet requirements and capabilities for new flight routes