Hello fellows managers
The Yield, ¢ / RPK is the revenue of each passenger per miles but I can't figure out the second one I am a bit confused, and how I can use this tool?
I was reading a post in the forum sorry if I open the same issue again but I would like to learn a bit more so all of us can benefit!
They wrote it is possible to use the Yeld for monitor the price elasticity so if my RPK is red that's mean my airline could earn more and I must increase or decrease price until i reach a balance and it tourn to yellow or better green colour? is it right?
Free to comment and discuss I'm sure it could benefit all of us!
thanks for the infos