Ever since I started covering the airline industry, flights have gotten way more interesting. A little context resolves random noise into detail.
-
-
-
Replying to @patio11
Low-cost carriers unbundled travel, now network carriers are doing it—but for network carriers, regional markets are partly marginally-profitable leisure travel, partly lead gen to raise market share on major business routes.
1 reply 0 retweets 4 likes -
Replying to @ByrneHobart @patio11
Ie my JFK to STL flight is only profitable because its existence makes it more likely that I’ll use that carrier when I do a business trip to SFO.
1 reply 0 retweets 4 likes -
Replying to @ByrneHobart @patio11
20 years ago my then GF started her PhD at MIT in transportation studies, was looking at these sorts of issues, strategies for filling the last few seats, etc. Fascinating stuff. I'm sure that the cutting edge techniques of 2000 are now quite passe.
1 reply 0 retweets 1 like -
Yes! Part of why it’s a fun industry: since plans involve (at a minimum) scheduling six+ months out, and often involve buying assets that last for several decades, *and* network carriers thrive on complicated network effects, the data science decisions are high-stakes.
1 reply 0 retweets 4 likes -
You can’t just roll back a change. But from the outside, there’s a lot of uncertainty because the key information (demand curves for corporate travel by market) is a trade secret.
1 reply 0 retweets 3 likes
and (as you well know) the financial side is fascinating too. You're simultaneously negotiating union contracts, competing w other airlines, bidding on gates at airports, and trying to hedge against fluctations in the cost of fuel ... but so are all the other carriers.
-
-
you know... there's a really excellent German-style board game to be built around this...
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.