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Overselling
Overselling or overbooking is sale of a volatile good or service in excess of actual supply. Overselling is a common practice in the travel and hospitality sectors, in which it is expected that some people will cancel. The practice occurs as an intentional business strategy in which sellers expect that some buyers will not consume all of the resources they are entitled to, or that some buyers will cancel. The practice of overselling aims to ensure that 100% of available supply will be used, resulting in the maximum return on investment. If more customers than the seller expects do wish to purchase or use the sold commodity, it may leave some customers lacking a service they expected to receive. Overbooking is regulated (though rarely prohibited) in many countries and industries, and companies that do practice it are often required or forced by market competition to offer large amounts of compensation to customers as an incentive for them to not take up their purchase. An alternati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reconfirmation
In tourism, reconfirmation is a contractual requirement that the traveller must explicitly re-notify to the seller that they still intend to use their reservation. (link can be found on the right bar under "Related Links" oIATA Passenger Standards Conference (PSC) If the traveller fails to reconfirm, their reservation might be cancelled. The term is mostly used in commercial aviation. Airlines Several airlines require the traveller to perform reconfirmation procedures, even though the airline ticket has already been reserved, paid, confirmed, issued, partially checked-in and flown. A typical reconfirmation rule is: for each flight (or more precisely, a "leg") within the trip, the traveller must explicitly re-notify ("reconfirm") to the airline, by telephone or at the airlines' counter, that the traveller still intends to take the reserved flight. The call must be done within a determined range of time in advance of the flight. Example deadlines are: 6 to 72 hours. The earliest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return On Investment
Return on investment (ROI) or return on costs (ROC) is the ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.Return On Investment – ROI , Investopedia as accessed 8 January 2013 In economic terms, it is one way of relating profits to capital invested. Purpose In business, ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Coast Of The United States
The East Coast of the United States, also known as the Eastern Seaboard, the Atlantic Coast, and the Atlantic Seaboard, is the region encompassing the coast, coastline where the Eastern United States meets the Atlantic Ocean; it has always played a major socioeconomic role in the development of the United States. The region is generally understood to include the U.S. states that border the Atlantic Ocean: Connecticut, Delaware, Florida, Georgia (U.S. state), Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York (state), New York, North Carolina, Rhode Island, South Carolina, and Virginia, as well as some landlocked territories (Pennsylvania, Vermont, West Virginia and Washington, D.C.). Toponymy and composition The Toponymy, toponym derives from the concept that the contiguous 48 states are defined by two major coastlines, one at the West Coast of the United States, western edge and one on the eastern edge. Other terms for referring to this area include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Week
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929. Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024. History 1929–2008: ''Businessweek'' ''The Business Week'' was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to ''Business Week'' in 1934. Originally published as a resource for business managers, the magazine shifted its s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JetBlue Airways
JetBlue Airways Corporation, stylized as jetBlue, is an American major airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance. History 1998–2000: Founding JetBlue was incorporated in Delaware in August 1998 with its headquarters in Forest Hills, Queens. David Neeleman founded the company in August 1999 under the name "NewAir". JetBlue started by following Southwest's approach of offering low-cost travel, but sought to distinguish itself by its amenities, such as in-flight entertainment, TV at every seat, and Sirius XM satellite radio. JetBlue sought to primarily use the Airbus A320 family to ease maintenance, tak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Airlines
American Airlines, Inc. is a major airlines of the United States, major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex, and is the Largest airlines in the world, largest airline in the world in terms of passengers carried and daily flights. American, along with its regional subsidiaries and contractors operating under the brand name American Eagle (airline brand), American Eagle, operate an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in 48 countries. The airline is also a founding member of the Oneworld alliance, one of the world's three major airline alliances. American Airlines and American Eagle operate out of ten hubs, with Dallas/Fort Worth International Airport (DFW) being the largest. The airline serves more than 200 million passengers annually, and averages more than 500,000 daily. , the company employs 103,440 staff members. History American Air ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Airlines
United Airlines, Inc. is a Major airlines of the United States, major airline in the United States headquartered in Chicago, Chicago, Illinois that operates an extensive domestic and international route network across the United States and six continents with more destinations than any other airline. Regional service operated by independent carriers under the brand name United Express feeds its eight hubs and the Star Alliance, of which United was one of the five founding airlines, extends its network throughout the world. United was formed beginning in the late 1920s as an amalgamation of several airlines, the oldest of these being Varney Air Lines, created in 1926 by Walter Varney who later co-founded the predecessor to Continental Airlines. United has ranked among the largest airlines in the world since its founding, often as a result of mergers and acquisitions. History Network Destinations As of 2024, United Airlines flies (or has flown) to the following destination ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algorithm
In mathematics and computer science, an algorithm () is a finite sequence of Rigour#Mathematics, mathematically rigorous instructions, typically used to solve a class of specific Computational problem, problems or to perform a computation. Algorithms are used as specifications for performing calculations and data processing. More advanced algorithms can use Conditional (computer programming), conditionals to divert the code execution through various routes (referred to as automated decision-making) and deduce valid inferences (referred to as automated reasoning). In contrast, a Heuristic (computer science), heuristic is an approach to solving problems without well-defined correct or optimal results.David A. Grossman, Ophir Frieder, ''Information Retrieval: Algorithms and Heuristics'', 2nd edition, 2004, For example, although social media recommender systems are commonly called "algorithms", they actually rely on heuristics as there is no truly "correct" recommendation. As an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Air Lines
Delta Air Lines, Inc. is a Major airlines of the United States, major airline in the United States headquartered in Atlanta, Georgia (U.S. state), Georgia, operating nine hubs, with Hartsfield–Jackson Atlanta International Airport being its largest in terms of total passengers and number of departures. With its regional subsidiaries and contractors operating under the brand name Delta Connection, Delta has over 5,400 flights daily and serve 325 destinations in 52 countries on six continents. Delta is a founding member of the SkyTeam airline alliance which helps to extend its global network. It is the oldest operating U.S. airline and the List of airlines by foundation date, seventh-oldest operating worldwide. Delta ranks first in revenue and brand value among the world's largest airlines, and second by number of passengers carried, passenger miles flown, and fleet size. Listed 70th on the Fortune 500, ''Fortune'' 500 list, Delta has topped ''The Wall Street Journal's'' annua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate General Of Civil Aviation (India)
The Directorate General of Civil Aviation (DGCA) is a statutory body of the Government of India to regulate civil aviation in India. It became a statutory body under the Aircraft (Amendment) Act, 2020. The DGCA investigates aviation accidents and incidents, maintains all regulations related to aviation and is responsible for issuance of licenses pertaining to aviation like PPL's, SPL's and CPL's in India. It is headquartered along Sri Aurobindo Marg, opposite Safdarjung Airport, in New Delhi. The Government of India is planning to replace the organisation with a Civil Aviation Authority (CAA), modelled on the lines of the American Federal Aviation Administration (FAA). Vision Endeavour to promote safe and efficient Air Transportation through regulation and proactive safety oversight system. Functions #Registration of civil aircraft #Certification of airports #Licensing to pilots, aircraft maintenance engineers, air traffic controllers and flight engineers, and conductin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Deccan
Air Deccan was an Indian regional airline operating from Ahmedabad, Gujarat. It flew to a total of four destinations using Beech 1900D aircraft, as of November 2019. As of October 2021, the airline had temporarily suspended operations as a result of the COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ... Destinations Air Deccan focused on flying to cities with little to no air service where there was minimal competition with major airlines. The airline flew to the following destinations in India: Fleet The airline utilised two Beech 1900D aircraft as of December 2017, each of which was equipped with 18 seats. References External links * {{Portal bar, Aviation, Companies, India 2017 establishments in Gujarat Defunct airlines of India Indian brands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
