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If the plane was big enough and flights were booked more than a year in advance they would use actuary tables to be better at overselling flights. I've worked
by useful 8y ago
If the plane was big enough and flights were booked more than a year in advance they would use actuary tables to be better at overselling flights.
I've worked for airlines so that they could do this, including Air Canada. Yield management is how airlines live and die.
- hinkley 8y agoI recall having a leg of my flight cancelled for mechanical issues. They sent the entire plane full of people to the ticket agent and somehow they miraculously found planes for everybody on the next two flights, same day, same airline. A few of us commented on how convenient it was that the plane needed maintenance and three flights on the same route were only 2/3rds full. What are the odds, he asked sarcastically.
- useful 8y agoAirlines are built around operations and scheduling. Some disruption/reaccommodation software is quite advanced and even takes load factor, cost, status, and customer LTV into account. Being able to reorganize entire schedules onto other planes and other airlines in minutes while still maintaining a 1-3% profit margin is non-trivial.