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Overbooking
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] |
No-show (airlines)
A no-show is a condition when an expected person does not arrive or appear somewhere they were expected to be. In aviation, no-show is when a ticketed passenger doesn't show up for their flight. (link can be found on the right bar under "Related Links" oIATA Passenger Standards Conference (PSC) Such passenger are also sometimes called a no-show. Airlines attempt to reduce losses caused by no-shows by employing tactics such as overbooking, reconfirmation, and no-show penalty charges. The U.S. government warns consumers to not be a no-show. Some Airline, airlines include a no-show clause in their Contract of carriage. It basically means that a user not showing up for the outbound flight will be considered a no-show, and all the Direct flight, connecting flights associated with this one, even a return flight, will be cancelled and no refund will apply. This is an example of no-show clause in the terms of use of Swiss International Air Lines (SWISS): While it is not clear if carriers ... [...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] |
Airline
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation 261/2004
The Flight Compensation Regulation 2004''(EC) No 261/2004is a regulation in EU law establishing common rules on compensation and assistance to passengers in the event of denied boarding, flight cancellations, or long delays of flights. It requires compensation of €250 to €600 depending on the flight distance for delays over of at least three hours,Regulation (EC) No 261/2004 of the European Parliament and of the Council, Articles 3 and 4 (http://eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX:32004R0261) cancellations, or being denied boarding from overbooking. Delays shorter than three hours means no entitlement to any compensation of any kind even if the delay was classified as non-extraordinary. Airlines must provide refreshments and accommodation where appropriate. The Court of Justice of the European Union has interpreted passenger rights strictly, so that there are virtually no exceptions for airlines to evade their obligations for breach of contract. It repealed Regul ... [...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] |
Code Of Federal Regulations
In the law of the United States, the ''Code of Federal Regulations'' (''CFR'') is the codification of the general and permanent regulations promulgated by the executive departments and agencies of the federal government of the United States. The CFR is divided into 50 titles that represent broad areas subject to federal regulation. The CFR annual edition is published as a special issue of the '' Federal Register'' by the Office of the Federal Register (part of the National Archives and Records Administration) and the Government Publishing Office. In addition to this annual edition, the CFR is published online on the Electronic CFR (eCFR) website, which is updated daily. Background Congress frequently delegates authority to an executive branch agency to issue regulations to govern some sphere. These statutes are called "enabling legislation." Enabling legislation typically has two parts: a substantive scope (typically using language such as "The Secretary shall promulgate ... [...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] |
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] |
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] |
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] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...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] |
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