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Forecasting Process and Challenges (US Bangla Airlines)
Forecasting Process and Challenges (US Bangla Airlines)
Product/Service development:
US Bangla is gradually focusing on expanding its chain and its network by a big margin. They are
expanding both domestic and international.
Quality Assurance:
US Bangla has a set of quality assurance and they should comply by with it to develop their standards
and try to reach the zenith of success. They can take it a further step by :
US Bangla Airlines likely uses a forecasting process to predict future demand for its
flights. This might involve:
o Analyzing historical data on passenger numbers, booking trends, and seasonal
variations.
o Considering economic factors like fuel costs and exchange rates that can impact travel
demand.
o Monitoring competitor activity and new route announcements.
This data is then used to:
o Optimize flight schedules and capacity allocation.
o Set ticket prices strategically.
o Make informed decisions about resource allocation (crew, aircraft)
Challenges: