Revenue


Revenue in aviation refers to the income generated by an airline through the sale of tickets, cargo, and other services. It is a crucial metric for airlines as it directly impacts their profitability and sustainability. Revenue can be further classified into passenger revenue, cargo revenue, and other revenue streams such as ancillary services like baggage fees, in-flight meals, and entertainment. Airlines use various strategies to increase their revenue, such as yield management, which involves adjusting ticket prices based on demand and market conditions. Revenue management systems are also used to optimize revenue by predicting demand and allocating capacity accordingly.


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News Source: ABC News on 2024-04-19

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News Source: Associated Press on 2024-04-19