BSAB 415 ERAU Forecasting in Airline Strategic Planning and Management Research

Question Description

From an airline management perspective: I have started some research and have mocked the creation of an airline. The name if the mock airline is “AeroWay Airline”. I have started to develop the airline’s basic model to expanding on optimization of expanding its revenue. I’ve attached some of the research that I’ve done so far.

In this research paper, we need to expand the research and focus on Forecasting in Airline Strategic Planning and Management

We need to assess the fundamental airline forecasting elements and the forecasting plan related to Aeroway Airline strategic planning and management with a focus on analysis, planning, and control. Identify data on route structure revenue, seasonal operations revenue, fleet structure costs, staffing model costs, etc.

I need help to construct a forecasting matrix of a minimum of four and a maximum of seven (4-7) core functions that will impact Aeroway Airline revenue structure. Examine how each of these core components that we review correlate to each other to benefit revenue overall. Include recommendations on if one element is not performing to desired forecasting, the controls that you would have in place to alert and correct such issues.

Finally, include a summary of information on the mock airline’s forecasting elements in airline strategic planning and management to recap the key points for the reader.

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