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Overselling
Overselling or overbooking is sale of a volatile good or service in excess of actual supply. Overselling is a common practice in the travel and hospitality sectors, in which it is expected that some people will cancel. The practice occurs as an intentional business strategy where sellers expect that some buyers will not consume all of the resources they are entitled to, or that some buyers will cancel. The practice of overselling aims to ensure that 100% of available supply will be used, resulting in the maximum return on investment. However, if most customers do wish to purchase or use the sold commodity, it may leave some customers lacking a service they expected to receive. Overbooking is regulated (though rarely prohibited) in many countries and industries, and companies that do practice it are often required or forced by market competition to offer large amounts of compensation to customers as an incentive for them to not take up their purchase. An alternative to overbooking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reconfirmation
In tourism, reconfirmation is a contractual requirement that the traveller must explicitly re-notify to the seller that they still intend to use their reservation. (link can be found on the right bar under "Related Links" oIATA Passenger Standards Conference (PSC) If the traveller fails to reconfirm, their reservation might be cancelled. The term is mostly used in commercial aviation. Airlines Several airlines require the traveller to perform reconfirmation procedures, even though the airline ticket has already been reserved, paid, confirmed, issued, partially checked-in and flown. A typical reconfirmation rule is: for each flight (or more precisely, a "leg") within the trip, the traveller must explicitly re-notify ("reconfirm") to the airline, by telephone or at the airlines' counter, that the traveller still intends to take the reserved flight. The call must be done within a determined range of time in advance of the flight. Example deadlines are: 6 to 72 hours. The earliest acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return On Investment
Return on investment (ROI) or return on costs (ROC) is a ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favourably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.Return On Investment – ROI , Investopedia as accessed 8 January 2013 In economic terms, it is one way of relating profits to capital invested. Purpose In business, the pur ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Class
Economy class, also called third class, coach class, steerage, or to distinguish it from the slightly more expensive premium economy class, standard economy class or budget economy class, is the lowest travel class of seating in air travel, rail travel, and sometimes ferry or maritime travel. Historically, this travel class has been called tourist class or third class on ocean liners. Marine Travel classes originated from a distinction between "cabin class" and "steerage" on sailing vessels in the 18th century. Cabin class, for wealthier passengers included small cabins and a shared dining room while "steerage" provided open decks with bunks often near the tackle to operate the Steer rudder in converted cargo space on the "between decks" area where passengers from poorer backgrounds cooked their own meals. With the arrival of steamships, competition between ocean liner companies led some companies like the Inman Line to offer additional options to economy passengers seeking to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Coast Of The United States
The East Coast of the United States, also known as the Eastern Seaboard, the Atlantic Coast, and the Atlantic Seaboard, is the coastline along which the Eastern United States meets the North Atlantic Ocean. The eastern seaboard contains the coastal states and areas east of the Appalachian Mountains that have shoreline on the Atlantic Ocean, namely, Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, and Florida.General Reference Map , , 2003. Toponymy and composition T ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Week
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JetBlue Airways
JetBlue Airways Corporation (stylized as jetBlue) is a major American low cost airline, and the seventh largest airline in North America by passengers carried. The airline is headquartered in the Long Island City neighborhood of the New York City borough of Queens; it also maintains corporate offices in Utah and Florida. In 2020, it ranked #394 financially on the Fortune 500 list of the largest United States corporations by total revenue. JetBlue operates over 1,000 flights daily and serves 100 domestic and international network destinations in the United States, Canada, Mexico, the Caribbean, Central America, South America, and Europe. JetBlue is not a member of any of the three major airline alliances but it has codeshare agreements with 21 airlines, including member airlines of Oneworld, SkyTeam, and Star Alliance. History 1998–2000 founding JetBlue was incorporated in Delaware in August 1998 with its headquarters in Forest Hills, Queens. David Neeleman founded the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Airlines
American Airlines is a major airlines of the United States, major US-based airline headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the Largest airlines in the world, largest airline in the world when measured by fleet size, scheduled passengers carried, and revenue passenger mile. American, together with its regional partners and affiliates, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in more than 50 countries. American Airlines is a founding member of the Oneworld alliance, the third-largest airline alliance in the world. Regional service is operated by independent and subsidiary carriers under the brand name American Eagle (airline brand), American Eagle. American Airlines and American Eagle operate out of 10 hubs, with Dallas Fort Worth International Airport, Dallas/Fort Worth (DFW) being its largest. The airline handles more than 200 million passengers annually with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Airlines
United Airlines, Inc. (commonly referred to as United), is a major American airline headquartered at the Willis Tower in Chicago, Illinois.Destinations Served . United Airlines Official Statistics. United operates a large domestic and international route network spanning cities large and small across the United States and all six inhabited continents. Measured by fleet size and the number of routes, it is the third-largest airline in the world after its merger with Continental Airlines in 2010. United has eight hubs, with [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algorithm
In mathematics and computer science, an algorithm () is a finite sequence of rigorous instructions, typically used to solve a class of specific Computational problem, problems or to perform a computation. Algorithms are used as specifications for performing calculations and data processing. More advanced algorithms can perform automated deductions (referred to as automated reasoning) and use mathematical and logical tests to divert the code execution through various routes (referred to as automated decision-making). Using human characteristics as descriptors of machines in metaphorical ways was already practiced by Alan Turing with terms such as "memory", "search" and "stimulus". In contrast, a Heuristic (computer science), heuristic is an approach to problem solving that may not be fully specified or may not guarantee correct or optimal results, especially in problem domains where there is no well-defined correct or optimal result. As an effective method, an algorithm ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Air Lines
Delta Air Lines, Inc., typically referred to as Delta, is one of the major airlines of the United States and a legacy carrier. One of the List of airlines by foundation date, world's oldest airlines in operation, Delta is headquartered in Atlanta, Georgia (U.S. state), Georgia. The airline, along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents. Delta is a founding member of the SkyTeam airline alliance. Delta has nine hubs, with Hartsfield–Jackson Atlanta International Airport, Atlanta being its largest in terms of total passengers and number of departures. It is ranked second among the world's largest airlines by number of scheduled passengers carried, revenue passenger-kilometers flown, and fleet size. It is ranked 69th on the Fortune 500. History Early history The history of Delta Air Lines begins with the world's first aerial crop dusting operatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate General Of Civil Aviation (India)
The Directorate General of Civil Aviation (DGCA) is a statutory body of the Government of India to regulate civil aviation in India. It became a statutory body under the Aircraft (Amendment) Act, 2020. The DGCA investigates aviation accidents and incidents, maintains all regulations related to aviation and is responsible for issuance of licenses pertaining to aviation like PPL's, SPL's and CPL's in India. It is headquartered along Sri Aurobindo Marg, opposite Safdarjung Airport, in New Delhi. The Government of India is planning to replace the organisation with a Civil Aviation Authority (CAA), modelled on the lines of the American Federal Aviation Administration (FAA). Vision Endeavour to promote safe and efficient Air Transportation through regulation and proactive safety oversight system. Functions #Registration of civil aircraft #Certification of airports #Licensing to pilots, aircraft maintenance engineers, air traffic controllers and flight engineers, and conducting e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Deccan
Air Deccan is an Indian regional airline currently operating from Ahmedabad, Gujarat. It flies to a total of four destinations using Beech 1900D aircraft, as of November 2019. As of October 2021, the airline has temporarily suspended operations as a result of the less sales Destinations Air Deccan focuses on flying to cities with little to no air service where there is minimal competition with major airlines. The airline flies to the following destinations in India: Fleet The airline utilises two Beech 1900D The Beechcraft 1900 is a 19-passenger, pressurized twin-engine turboprop regional airliner manufactured by Beechcraft. It is also used as a freight aircraft and corporate transport, and by several governmental and military organizations. With ... aircraft as of December 2017, each of which is equipped with 18 seats. References External links * {{Airlines of India 2017 establishments in Gujarat Airlines of India Indian brands Airlines established in 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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