Podcast
Questions and Answers
What is the main reason why air transportation is preferred for international or transcontinental travel?
What is the main reason why air transportation is preferred for international or transcontinental travel?
- Convenience, speed, and accessibility (correct)
- Lower cost compared to other transportation modes
- Reduced impact on the environment
- Availability of frequent flyer programs
Why do new entrants in the airline industry face challenges?
Why do new entrants in the airline industry face challenges?
- A lack of competition among existing airlines
- High barriers to entry including capital requirements and strict regulations (correct)
- Unlimited access to available routes
- Guaranteed brand loyalty from customers
What strategy do airlines primarily focus on to attract and retain customers?
What strategy do airlines primarily focus on to attract and retain customers?
- Lowering ticket prices without considering service quality
- Avoiding frequent flyer programs
- Relying solely on route networks
- Customer service, amenities, and differentiation strategies (correct)
Why is capacity management crucial for airlines?
Why is capacity management crucial for airlines?
Which factor contributes to the intense competition in the airline industry?
Which factor contributes to the intense competition in the airline industry?
What makes it challenging for new entrants to attract customers in the airline industry?
What makes it challenging for new entrants to attract customers in the airline industry?
What factor contributes to the high buyer power in the commercial airline industry?
What factor contributes to the high buyer power in the commercial airline industry?
Why does the duopoly of Airbus and Boeing contribute to high supplier power in the airline industry?
Why does the duopoly of Airbus and Boeing contribute to high supplier power in the airline industry?
How do alternatives like high-speed rail and carpooling impact the threat of substitute products/services in the commercial airline industry?
How do alternatives like high-speed rail and carpooling impact the threat of substitute products/services in the commercial airline industry?
Why do high switching costs contribute to high supplier power in the commercial airline industry?
Why do high switching costs contribute to high supplier power in the commercial airline industry?
What role do online travel platforms play in increasing buyer power in the commercial airline industry?
What role do online travel platforms play in increasing buyer power in the commercial airline industry?
How does the commoditized nature of air travel impact buyer power in the commercial airline industry?
How does the commoditized nature of air travel impact buyer power in the commercial airline industry?
