Airline Revenue Management

Current Practices and Future Directions

Curt Cramer, Andreas Thams

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English

Springer Gabler
12 November 2022

Financial accounting; Aerospace & air transport industries

The book provides a comprehensive overview of current practices and future directions in airline revenue management. It explains state-of-the-art revenue management approaches and outlines how these will be augmented and enhanced through modern data science and machine learning methods in the future. Several practical examples and applications will make the reader familiar with the relevance of the corresponding ideas and concepts for an airline commercial organization. The book is ideal for both students in the field of airline and tourism management as well as for practitioners and industry experts seeking to refresh their knowledge about current and future revenue management approaches, as well as to get an introductory understanding of data science and machine learning methods. Each chapter closes with a checkpoint, allowing the reader to deepen the understanding of the contents covered.

This textbook has been recommended and developed for university courses in Germany, Austria and Switzerland.

By: Curt Cramer, Andreas Thams
Imprint: Springer Gabler
Country of Publication: Germany
Edition: 1st ed. 2021
Dimensions: Height: 240mm, Width: 168mm,
Weight: 238g
ISBN: 9783658337230
ISBN 10: 3658337230
Pages: 113
Publication Date: 12 November 2022
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Fundamentals of airline revenue management.- Traditional forecasting & optimization in revenue management.- Modern analytical methods.- Overbooking.- O&D revenue management.- Ancillary revenues.- Data-enabled airline business models and future directions in revenue management.

Curt Cramer is an Advanced Analytics and Data Science executive in the retail industry. He has gathered extensive applied analytics experience in 15 years of consulting and line management responsibilities across industries, including leisure travel. He holds a Ph. D. in Engineering/Computer Science from the University of Karlsruhe/KIT. Andreas Thams is an Honorary Professor for Airline Management at University of Applied Sciences Worms. He held various commercial management positions in the airline, travel, and logistics industry, particularly in the field of revenue management. He has a Ph. D. in Econometrics from Freie Universität Berlin.