revenues. Therefore, we all agreed to choose airline companies. At first, we talked about major international airlines. However, during further research, we found out that regional airlines are getting popularity. As a result, we decided to choose companies in regional airlines. Additional research, informed our group the guy called David Neeleman. He established Morris Air, which was taken over
revenue
(1) Direct management store: If 3rd person is the owner of the store, Orion couldn’t control the direction of the management easily. For example, agents tend to increase the operating sales through popular products. But from the point of Orion, it needs to experiment the chance of the new product because taste of the consumers changes quickly. Consumers say its new products are good bu
Analysis and Results
Data and information were mainly collected from the survey and internet.
Economical concepts used in this project includes monopoly market, marginal cost and revenue, profit maximization, consumer and producer surplus, utility, demand curve, willingness to pay, discount rate, game theory and strategic-decision making.
About JetBlue Airways
01. Introduction of Project
An American low-cost airline based in New York
Founded by David Neelman in 1999
Started its business in 2000
In 2012 , reported revenue of 4,982 million dollars
In 2013, Serves 84 destination in 24 states and 12 countries in the Caribbean
“Highest in Airline Consumer Satisfaction among Low-Cost Carriers”
Now America's s
new airlines as well. Thus 6 surviving airlines until today we call ‘Legacy Carriers’. Unfortunately, this February 2013 AMR Corporation is merged into US Airways due to extended depression. We got curious about these backgrounds and decided to search for it.
We choose 3 accounting items of ‘Wage expense’, ‘Passenger revenue’, and ‘Fuel expense’ for Income Statement Analysis. F