In every business, strict cost management is one of the ways profit can be made or maximised. There are few industries that know this better than the airline sector. Key.Aero reveals some of the clever ways that carriers watch the pennies – you won’t believe number one!
While running an airline looks simple on the surface, the reality is much different. With so many variables, operating at a profit is difficult. In fact, prior to COVID-19, the average margin for US airlines was only around 10%. However, profits are further boosted by ancillary sales.