bunoire14 Posted December 22, 2009 Report Share Posted December 22, 2009 Hey Guys, I'm in the process of finalising my site and operations, (www.aura-airlines.com) but I have a question about ticket prices for schedules. I've flown two test flights and suddenly my VA has got £16M in the bank ;D as much as I wouldnt mind my personal bank account to reflect this sort of amount, It seems I may have set my ticket prices a tad high. Can anyone advise what an average ticket price would be? My airline is based around Specialist Charters to parts of the Globe that are considered generally highly dangerous flying areas/airports. Obviously its easier to work out ticket prices for General Airline flying into holiday destinations as they can reflect real world prices, but im stuck to place a realistic figure for what im trying to do. Any help greatly appreciated! Quote Link to comment Share on other sites More sharing options...
Kritikdevelopment Posted December 23, 2009 Report Share Posted December 23, 2009 Hey, Take a few things into account when pricing your flights bunoire. 1) The aircraft being used - Simply put, charging $100 per ticket for an aircraft that holds 100 people will (according to basic math) yield $10,000. 2) The frequency of the flight 3) The distance flown, fuel consumed and the airport charges. - Modern airlines try to keep the ticket prices as low as possible but high enough to balance out the other expenses and generate some income per flight. If you are a more luxurious airline then obviously the tickets will be priced higher to reflect that. But for example. I'm operating a charter service out of Miami and our primary aircraft is a Lear. Now the Lear only holds about 5-7 people on a good day. Now the particular flight in question is to Austin, Texas. Lets say for this example the gate charges between both airports was $200. Now my Lear will burn up maybe $3,000 in fuel to get there, so I need to balance the money spent with the money coming in. So we find the median of my random aircraft capacity number ( lol ), comes out to 6 and we divide our money spent by it, and we get $533.33 repeating. So now keep in mind this only puts us at neutral for the mean time. Then lets say, with medium luxury and good fast service, we will tack a $100 surcharge on to each ticket. So, that ticket cost of $533.33 jumps up to $633.33 repeating. Now multiply that by your number of PAX and subtract the cost of the flight and you come out with your total revenue. So in all I made $600, not bad for a modern day charter (jk). AS you can see I took the long approach, guesstimating works great too! But keep in mind those three things when doing so and you'll be just fine! Quote Link to comment Share on other sites More sharing options...
bunoire14 Posted December 23, 2009 Author Report Share Posted December 23, 2009 Thanks Mate, Is ther a way of finding out the cost of different airport charges? I assume ill want to put that in as a re-occuring monthly expense? Also does the system decide how many PAx or how much Cargo was flown on a given flight? I've not seen a option to set these on the schedules? And finally... LOL I wondered if there was a way to find out what the lease cost of particular aircraft are so i can reflect these in my expenses. Cheers, Quote Link to comment Share on other sites More sharing options...
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