Project #52637 - Assessing the cost of flight delays to airlines

Assessing the cost of flight delays to airlines (Assignment Title)

 

When the departure of a flight gets delayed, the cost to the airlines can be significant. Depending on the cause and nature of the delay, airlines may be required to pay compensation to passengers, pay additional flight crew, fuel and maintenance costs and face the risk of lost revenue if passengers do not rebook with the airline in the future.

 

In 2004, Eurocontrol commissioned a study to evaluate the true cost to airlines of one minute of delay. The report prepared by the Transport Studies Group at the University of Westminster concluded that for delays greater than 15 minutes, the average cost to European airlines was €72 per minute.

 

For this assignment, you are to read the report and assess the method used to determine the cost of delay. You should

 

(i)            Summarise the main findings of the study

(ii)          Provide a critique of the method used to calculate the cost of delay.

(iii)         Discuss the difference in cost between a short delay and a long delay

(iv)         Compare the cost of delay for operating a Boeing 737-800 with an Airbus A320 and explains the reasons for the difference in cost.

(v)          Suggest improvements to the cost model to achieve a more accurate value relevant to current operations by Asian airlines.

 

You are to discuss the above points and to write a paper of between 3000-3250 words.

 

You should include a word count at the end of your assignment.  You may use diagrams wherever appropriate to clarify your explanations.

 

 

Marking Breakdown:

 

Critical assessment of the delay cost model

30 %

Comparison of short and long delay costs

15%

Comparison of delay cost for B737-800 and A320

15%

Discussion on model improvement

10%

Clarity of Presentation and Readability

15 %

Peer assessment of individual effort and contribution

15 %

 

 

 

 

 

 

 

Subject Business
Due By (Pacific Time) 01/15/2015 1630pm
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