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Algorithmic Optimization of the Calculation with the Consideration of the Interconnection of the Basic Economic Parameters of the Flight Route of the Model Air Carrier Cover

Algorithmic Optimization of the Calculation with the Consideration of the Interconnection of the Basic Economic Parameters of the Flight Route of the Model Air Carrier

Open Access
|Mar 2020

Abstract

The load factor is the determining factor for airlines in economic terms and the prediction of the future development of the flight route. The combination of load factor and break-even point provides the airline with a comprehensive picture of the business of the flight route and the optimization of pricing for the flight route. The purpose of the article is to propose and adapt the development of air transport prices on a given line using maximally recalculated values and maximize profit. The optimized calculation algorithm then facilitates the understanding of the individual steps of the load factor calculation and the monitoring of price development by means of the chi-square mathematical method by which we observed the interconnection of the ticket price and the load factor. To describe the problem, we chose the Bratislava – Larnaca route.

DOI: https://doi.org/10.2478/mspe-2020-0006 | Journal eISSN: 2450-5781 | Journal ISSN: 2299-0461
Language: English
Page range: 34 - 39
Submitted on: Oct 1, 2019
Accepted on: Dec 1, 2019
Published on: Mar 17, 2020
Published by: STE Group sp. z.o.o.
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2020 Stanislav Szabo, Monika Blistanova, Sebastian Mako, Iveta Vajdova, Marek Pilat, published by STE Group sp. z.o.o.
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.