Problem: Forecasting In Airline Strategic Planning & Management
Utilize the first part of the research papers which are located within the attachment section as background information about your created Airline. Assess the fundamental airline forecasting elements and the forecasting plan related to your mock airline's strategic planning and management with a focus on analysis, planning, and control. Identify data on route structure revenue, seasonal operations revenue, fleet structure costs, staffing model costs, etc.
Construct a forecasting matrix of a minimum of four and a maximum of seven core functions that will impact your mock airline's revenue structure. Examine how each of your core components that you review correlate to each other to benefit revenue overall. Include recommendations on if one element is not performing to desired forecasting, the controls that you would have in place to alert and correct such issues.
Finally, include a summary of information on the mock airline's forecasting elements in airline strategic planning and management to recap the key points for the reader.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.