Economists, forecasters, and airline price analysts measure how responsive, or sensitive, passengers are to a change in the price by elasticity of demand. ... Pricing analysts and others measure the degree of elasticity or inelasticity by the elasticity coefficient. ... The responsibility of airline pricing analysts appears to be to monitor, analyze, and respond to hundreds, sometimes thousands, of daily fare changes implemented by competitor airlines, and routinely develop pricing initiatives to strengthen and fortify their company's position in the marketplace. ... Most airlines have...

• Word Count: 1055
• Approx Pages: 4
• Grade Level: Undergraduate

Since the hub and spoke system has taken place, the barrier to entry are higher because new carriers find it difficult to obtain gates and landing slots at the major hubs, and so the new entrants have been forced to use secondary airports. ... For example, the famous British Airways "dirty tricks- campaign against Virgin Atlantic, which included accessing Virgin's computer system and poaching its customers. ... Following deregulation, most of the largest airlines began to operate on a "hub-and-spoke" system, where travelers from a "spoke" city typically will make connections. The hub-and...

• Word Count: 3996
• Approx Pages: 16
• Grade Level: Undergraduate