Completion of the program means that you shall be ready to achieve your dreams in a dynamic and highly competitive industry. Download Prospectus. Our students will experience an international learning environment as all courses are conducted in the English language. Friendly facilities such as simulated cabin mock up together with courses directed by experienced airline experts and academic professionals, shall prepare students for the career challenges ahead.
Through field trips, our students will have the chance to visit numerous airline business industries such as Suvarnabhumi Airport, TG Operation Center OPC , Thai Airways International Cargo and Thai Catering where they will be well familiarized with real-life routines. Graduates will be ready to step out and obtain prominent positions, working together with professionals in the airline business, not only locally, but at an international level as well.
If you are dreaming of being a part of the Airline Business world, we would like to welcome you all aboard St Theresa International College. Whenever asked to list the different jobs available in the airline industry, most people immediately imagine the pilot and cabin crew.
Although they are important positions, there are many other roles that are crucial for the success of the airline industry.
After completion of our Airline Business program, you will be prepared to take on many various positions in the airline industry — there will almost be no limit on how high you can fly! Since , the Bachelors of Business Administration program in airline business has been fully accredited by The Higher Education Commission. We are also assessed by Quality Assurance Committee annually to enhance the quality of the program in order to ensure the delivery of highly qualified airline business graduates whom are able to compete in the rapidly growing market.
Get In Touch. St Theresa International College. Bachelor of Business Administration in. Airline Business. Curriculum Career Fees Accreditation Apply. Airline Business major aims to produce first-class graduates in the field of airline business. Course Name Credits. Click any of the listed courses to view its description. In , the global airline industry had an operating margin of 4. The industry saw profits of USD 2. The Indian sub-continent bucked the global profitable trend.
Passengers are benefiting from greater value than ever — with competitive airfares and product investments. Environmental performance is improving. More people and businesses are being connected to more places than ever.
Employment levels are rising. And finally our shareholders are beginning to enjoy normal returns on their investments. With profits picking up, airlines are now seeking new levers to drive growth. They are looking for global partners to collaborate on high-end work such as analytics, network planning, pricing and revenue management. This is a new facet for the airline industry.
Until recently, airlines were looking at outsourcing to reduce costs and improve efficiencies. As a result, they focused on outsourcing non- core, non-strategic, process- and people-intensive tasks to partners.
But now they are looking to achieve enhanced profits and higher valuation by outsourcing more complex work. In other trends, Low-cost Carriers LCC continue to eat into the market share of larger, full-service rivals. Mainline carriers, meanwhile, are seeking to become more competitive by increasing investments in technology and fleet renewal, and going after new sources of revenues. At the other end of the spectrum, Global Distribution Systems GDSes and travel agents are losing ground to Internet-based sales of tickets.
With air travelers becoming tech-savvy, airlines have the opportunity to leverage the digital medium to further optimize costs and improve customer experience. Our airline industry experts cue you in on the top trends in the industry and analyze the impact of these trends for the year ahead. By December , the prices had declined by almost 45 percent and were at the same level as they were in As fuel is the second highest overhead for airlines behind staff costs, the decline in fuel prices has enabled them to increase their operating margins. The profit from this has been used to increase investments in IT and fuel-efficient aircraft, and improve ancillary revenues.
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However, not all airlines benefited from the fall. The industry lost billions of dollars in hedges against the rising price of oil. But as oil prices have settled, carriers across the world have begun scaling back on their hedging strategies.
The market share of mainline carriers is on the decline as more travelers fly with LCCs. However, mainline airlines still corner 79 percent of the market in terms of capacity. LCCs have a market share of 17 percent, but are growing at a faster rate than the industry. In , LCCs grew their market share at 8. They are expected to surpass mainline carriers 4.
In , LCCs had only 16 percent of the global market share. Today, they have 25 percent. With LCCs offering more value for money in the short-haul market, they are expected to clock a higher rate of growth. In India, the market share of LCCs leads the world average. Indian LCCs have over 60 percent of the domestic market! Mainline carriers, however, continue to focus on long-haul markets leaving the short-haul markets for LCCs to compete. For mainline carriers, the business traffic on long-haul flights is critical for their success.
Their revenue is driven by business and executive class passengers. This is a category that LCCs don't cater to. There are other reasons why LCCs have not penetrated the long-haul market.
Airline industry facing problems - Business Insider
Long-haul flights depend on interlining agreements between carriers that allow travelers to take multiple flights across airlines using just one ticket. Moreover, for long-haul flights, carriers need to rely on the hub-and-spoke model, whereas LCCs are modeled on the characteristics of point to point flights. Trend 3: Change through Consolidation and Alliances. The bottom lines of American and European airlines have significantly improved after a wave of consolidation and alliances across the industry.
Consolidation has also helped these airlines drive up load factors. Airlines in the U. This is primarily due to lack of consolidation among airlines in the APAC region. Except for Emirates, the 25 leading legacy airlines of the world have joined one of the three alliances. The combined market share of the three alliances is 64 percent, leaving 36 percent to non- aligned airlines, mainly Emirates, LCCs and smaller airlines.
Alliances offer ample benefits to both customers and airlines. Consumers want an anywhere-to- anywhere service, but network economics does not allow a single airline to provide such a seamless experience. Alliances allow airlines to integrate their resources and provide travelers a more satisfying experience. Customers can accumulate and redeem more points across multiple airlines.
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Mainline airlines are driving down operating costs by outsourcing a number of non-core operations. As a result, their fixed costs on CRS is now converted into transactional and variable costs per passenger boarded. Legacy airlines typically have a ratio between fuel and non-fuel costs it should ideally be Offshoring is helping them bring down non-fuel costs to more manageable levels. For instance, EU-based airlines' reduced their overall costs by 9 percent. They brought down their non-fuel operating costs from 5.
But the big story from this trend is that airlines are increasingly looking at offshoring for strategic insights to enable better decision-making and superior customer service based on social media analytics.