2. Passenger Target Market
Describes the product or service provided by the airline.
Offers a product known as seat.
Air Cargo is an extra service for passenger airlines.
Possible examples:
Leisure
Business
Budget
Students
Military
3. Passenger Target Market
Customer in Air Travel Market
Customer in the Business Air Travel Market
Customer in the Leisure Air Travel Market
Customer in the Air Freight Market
4. Business Travel Market
Concentrated in the middle-aged 35-55 age group.
The requirements of business travel market could be:
Frequency and Timings
In short-haul markets, frequency and timing are all important
for the business traveler.
Punctuality
Punctuality of flights is of obvious, crucial and important to
the business traveler.
5. Business Travel Market
Airport Location and Access
On short-haul routes, passengers will prefer service from a
local, easily accessible airport, rather than from a more distant hub.
Seat Accessibility/Ticket Flexibility
This requires that the ticket held by the passenger should be
a flexible one.
Frequent Flyer Benefits
These are not usually a matter for passengers in business
travel esp in short-haul routes.
6. Business Travel Market
Airport Service
Business travelers will demand these opportunities:
1. Separate check-in desks / Online check-in
2. Airport lounge
In-Flight Service
Separated business class cabin.
7. Leisure Travel Market
Encompasses all ages.
Requirements:
Cheap air fares
Low fare
Leisure demands often shows pronounced seasonal
peaking which increases the cost of serving.
8. Air Freight Market
Goods, cargo or lading transported for pay by air.
Air Freight Forwarders
Extremely important to most airlines.
Forwarding agent
A person or company that organizes shipments for
individuals/corporations to get goods from the manufacturer
to a market, customer or final point of distribution.
10. Air Passenger Market
1. Almost all passengers who fly out on a route will also
return on it.
2. Over a year, most passenger markets end up
approximately directionally balanced.
3. Airlines are very fortunate that, on long-haul routes almost
all passengers who travelled do so using air transport.
4. Occupies a seat.
11. Air Freight Markets
Air travels travel one way on a route.
Air transport faces intense competition from surface on all
routes.
Extremely varied; varies in every possible way.
1. Consignment sizes vary from small packages and letters
weighing less than a kilo up to consignments of 30,000 kilos
or more.
2. Handling and stowage conditions that commodities
acquire.