Course Overview
Students will be exposed to the basic economic strategies utilized in airline and airport business environments. Topics include: Revenue Management techniques, yield management, hub and spoke networks, airline alliances and low cost carriers.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
The student will be able to:
- Describe the reasons for developing financial strategies.
- Interpret ratios to evaluate the financial condition of a company.
- Describe the current airline industry financial environment.
- Explain where the financial department fits into the companies organization.
- Explain the terms, vocabulary and concepts of financial management and accounting.
- Explain how to assess a company's overall liquidity position both in the short-term and longer term time horizons.
- Explain how to maximize the return on investment by allocation of financial resources.
- Explain the purpose and intent of capital and operating planning.
- Describe the purpose of audits.
- Explain financial control competency as the action that a manager takes to ensure that actual results correspond to planned results.
- Describe revenue management techniques employed at an airline.
- Describe the economic factors used to plan such as yield management, hub and spoke network, airline alliances and reasons for the emergence low cost carriers.
Effective as of Fall 2003
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.