To write a successful airline business plan, you must take several important trends in the airline industry and broader economy into account. What affect will these important trends have on the new airline?
- Continuing volatility in oil and other commodity markets
- A decline in personal disposable income as the economy slows
- Anxiety over flying and travel restrictions as a result of terrorist attacks and war
- Recent financial hardships and bankruptcies of major airline companies
Important Airline Business Plan Questions to Answer
To write a convincing airline business plan and successfully launch your new airline, you must have confident answers to the following questions:
- What is the market demand for your new airline business?
- How will you prove the feasibility of your new airline?
- What kind of financing will you need, and how much?
- What types of investors will you seek capital from?
- What relevant past experience does your management team have, which you can leverage in your business plan?
- What strategic partnerships will you forge?
- What is your marketing plan and how will you grow your airline’s customer base?
- What are your airline’s future financial projections?
- What is your new airline’s “unfair competitive advantage” and how will you create barriers to entry?
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Airline Business Plan FAQs
Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Airline Business Plan.
The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of airline you are operating and the status; for example, are you a startup, do you have an airline that you would like to grow, or are you operating a chain of airlines?