Forecasting and Budgeting

by | Apr 25, 2022 | Aviation

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• Forecasting and Budgeting
Draw up the aircraft patterns for a sample week of your airline timetable. i.e. schedule the aircraft covering the routes you operate. Demonstrate the maintenance slots for the whole
fleet and the city in which the maintenance takes place. You will have noted from the simulation that curfews apply at many airports. You are only required to show a typical 1-week operation at any point of your future 5-year plan. This is meant to reinforce the learnings from Assignment 1 so that everyone is clear as to how to present a 1 week scheduled operating pattern.
Once the patterns are completed the next part of the task is to;
Create a revenue and expenditure budget for the airline using information from the simulation where appropriate. Demonstrate airfares and cost elements where appropriate.
Show route profits, seat factors, overall profit and loss, and other financial indicators. Costs will be presented on a cents per ASK basis rather than making a detailed examination of all cost items. You should be sure to show how this develops over the 5 years of your future business plan

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