Aviation Forecast: Importance of Passenger Demand Factors and Forecasting Techniques

Aviation Forecast

Table of Contents
INTRODUCTION...........................................................................................................................3
Importance of the different passenger demand factor within global aviation as how they have
influenced demand in future as well as past...........................................................................3
Illustrate about three forecasting techniques used global aviation to predict passenger demand
across through global regions. ..............................................................................................5
CONCLUSION................................................................................................................................8
REFERENCE...................................................................................................................................9

INTRODUCTION
Aviation Management usually deals with study of better airlines, airports and business
which is related towards the aerospace industry. Aviation industry also use to forecast about its
resources and services. It also helps to make short term decisions such as making strategy how to
execute or control aviation and airline service during high weather condition. According to this
decision making its positive outcomes enhance for longer period of time. Further more, Aviation
makes work study which encourage to the candidates regarding with operate airline activities. It
also provides better scope and other related work which generate outcomes effectively. In this
report, the information is related with Aviation base for make more elaborate to consider
company Arena Aviation. This company is determines on the complete life cycle of acquiring
and leasing commercial aviation assets. Further in following report, topics are concentrate on
Aviation industry forecast, in which it use to both enable short term decision such as weather to
expect adverse weather condition. To elaborate about importance of passenger factors to better
create global aviation and how it influence demand in future, given dynamic and turbulent
environment that the aviation through industry faces. Highlight about three forecasting
techniques which is used in global aviation to better predict passenger (Goswami and et.al,
2020). There is consider Arena Aviation Capital company as example which is UK based
company effectively.
Importance of the different passenger demand factor within global aviation as how they have
influenced demand in future as well as past.
Aviation provides the only rapid worldwide transportation network that makes it
necessarily towards for global business. It generates economic growth, creates job and facilities
international trade and tourism. Airlines or Aviation passenger are similar and they have ability
to generate a good relationship with them for long term period. To maintain the relationship with
them Aviation team enhance to provide better airlines services that makes the passenger travel
experience more satisfactory. They enhance to provide more food services as passenger brings
their own food or somehow not due to aviation rules and regulations. Further more, for passenger
perspective they have make their contribution towards better economic development. It has not
only increased where world trade activity by enabling faster and easier movement for passenger
and goods. Apart from it, they generate high rate of employability for millions of people and also
make sure about resources that plays an important role in aviation for longer period of time

(McKeown, 2021). The importance of Aviation which consider by passenger demand are
Inflight Services: It turns out about to willing to pay more for flight fares on which passenger
expects some extra or can say complimentary services. They provide more food services as
passenger brings their own food or somehow not due to aviation rules and regulations. However,
as food is also limited due to lack of cooking facilities on aviation. There are some of other
services are indulged like entertainment which is also key prevails better travel experiences. The
value of passengers are entertainment system as key a good level of experiences and also willing
to pay with for extra hospitality services which can get the customer effectively. Customer
service and reputation: It is not just food and films that turn passenger’s heads and open their
wallets. . The competency of Airlines as well as Aviation they use to generate long term loyalty
and relationship through delivering a smooth and professional services. For example: Arena
aviation company use to take care about their major resources which is needful to generate for
passenger at the time of providing services like complementary food and beverages and others.
By considering future demand of passenger in aviation and airline services aspects that if
customer is reliable to pay more or they have high purchasing power so they can easily approach
air travel services. The Aviation service influence of demand about airline travel within the past
and how they could influence demand in future.
. In previously, many peoples were only travel through bus transportation or trains which takes
more time consumingBut as of now, trends has been changes air travel enters and generate
flexible level of services where now people can travel national and international in less consume
time (Badulescu, Hameri and Cheikhrouhou, 2021). Through technology and resources raise
their benchmark it also increase prices of Air travel where now people who having buying power
can easily afford it. In recent example, in Covid situation arise where airline business get drastic
impact, previously people use to book their tickets through offline. Now the trend changes where
people can easily book their ticket through online and other Airline online websites. By this
felxibile online air ticket more flexibilie for customers which is why it increase the demand of
booking tickets . But due to having Pandemic situation it creates drastic change as passengers
are not able to travel where it generate effective way of travel services to attain properly services
attained.