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Algorithmic optimization of the calculation with the consideration of the interconnection of the basic economic parameters of the flight route of the model air carrier

Szabo Stanislav, Blistanova Monika, Mako Sebastian, Vajdova Iveta, Pilat Marek

Management Systems in Production Engineering

2020

nr 1 (28)

34--39

The load factor is the determining factor for airlines in economic terms and the prediction of the future development of the flight route. The combination of load factor and break-even point provides the airline with a comprehensive picture of the business of the flight route and the optimization of pricing for the flight route. The purpose of the article is to propose and adapt the development of air transport prices on a given line using maximally recalculated values and maximize profit. The optimized calculation algorithm then facilitates the understanding of the individual steps of the load factor calculation and the monitoring of price development by means of the chi-square mathematical method by which we observed the interconnection of the ticket price and the load factor. To describe the problem, we chose the Bratislava – Larnaca route.