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One of the exciting and constantly changing jobs in the airline industry is Airline Revenue Management Careers. It is a mystery to many how airlines set their pricing. Welcome to the inspirational, informational, and transparent aviation careers podcast.
To maximize revenue at an airline, a group of individuals at the airline who use various analytics to predict customer behavior. If you are envisioning a room full of smart people combined with a crystal ball then you wouldn’t be far off from what the revenue management department consists of. The field of revenue management is both a skill and an art. Today I have with me Matt Haft a former revenue manager for a New York based airline to discuss his job and how to qualify for a revenue management position.
Announcements:
AviationCareersPodcast.com/Courses
AviationCareersPodcast.com/Scholarships
Airline Revenue Management Careers:
- Economics (Supply/Demand)
- Industry Metrics: RASM, CASM, Average Fare
- Consumer behavior/patterns
- Competition (frequency, modern fleet, product offerings)
- Corporate life
- Interviewing tips
- How to get the job
- Qualifications
- Listen to earnings calls
- Investor section of the website
Links Mentioned in This Podcast:
Compass Airlines - We are West
Brief video explaining Revenue Management
CNN Video on The Science Behind Airfare Pricing
Great video on How Airlines Price Flights
