Flight Inventory
In the context of aviation, Flight Inventory refers to the management and control of the available seats on an aircraft for various flights. It is a crucial aspect of airline revenue management, aiming to maximize profitability by adjusting the number of seats available for sale based on demand predictions. The flight inventory system takes into account various factors such as flight schedules, aircraft capacity, historical data, and market trends to determine the optimal number of seats to sell at different price levels. It also considers special conditions like overbooking and group bookings. The system is dynamic and adjusts in real-time to changes in demand, cancellations, and other factors. Effective flight inventory management can significantly impact an airline's profitability, making it a critical component of airline operations.
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