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Warnings concerning other miscellaneous items are also included in the equipment regulations. Excess baggage will be charged for and taken into consideration before handling.
New travel rules state that passengers can take liquids or gels in their carry-on bags, but only if they are in 3-oz. Although it may seem obvious, passengers may not carry on knives, guns or any other sharp objects that may be used as weapons, including scissors.
Even nail clippers may get confiscated. For this reason, they must be in a single, 1-quart clear plastic bag. Virgin Travel states that you should arrive at the airport two to three hours before your flight in order to give you time to clear security and customs.
Concerned with high threats of new entrants, or barriers to entry, the economies of scale and scope required is very high and elaborate. Virgin contains many different products that are price-cut due to the economic downturn of the recession.
International regulations must be met and switching costs for some consumers to Virgin Travel can be costly. However, Virgins location in California provides it with substantial access to raw materials.
The rivalry is high in Virgin Travel because many other companies are in competition with their many different dabbles of modes of travel. These include passenger airplanes, trains, rent a car, hot air balloons, space travel, and cruise lines.
However since rivalry is high in the travel industry, Virgin is able to benefit from their competition.
The supplier power is moderate because there are only a few suppliers as airline manufacturers. Suppliers for airplanes include Airbus and Boeing. For train manufacturers, they include Siemens and Bombardier. Most airline services lease aircrafts because they are too expensive to own and are a substantial investment that can be depreciated over the years.
The buyer power is high due to the different choices of consumer transportation. Consumers do have the option to drive domestically to take the airline industry out of the picture completely. Yet, for people that do business abroad, flights are essential and seen as a necessity.
On the contrary, there are a plethora of airline services that offer cheap flights for those buyers that lean more toward a cost leader than a product differentiator. This creates a need for Virgin to be both a cost leader and product differentiator.
Substitutes that exist for international travel include domestic transportation. Virgin relies heavily on providing great customer service to an enjoyable travel experience. In addition to its financial resources, Virgin Travel has intangible resources.
This management style makes Virgin Travel capable of growing organically and supports external growth throughout all of Virgin Group as well.
That is, they each have their own business model and offer different services for different customers in different cities; however, they work together as needed. When people see the Virgin brand, they see a company that is fun, innovative and a great value.
Virgin Travel has two major core competencies. The first is its stylish and innovative flying experience at a low cost. This competency is valuable because it is the basis of their ability to gain customers.
They are able to charge low fares because they fly only point-to-point, high traffic routes which they expect to be profitable. Since Virgin Travel is such a young airline business, its fleet of Boeing and Airbus jets is relatively new. The newness of their jets makes it a rare quality relative to other airline companies.
For the same reasons that make this competency rare, they also make it inimitable. For well-established airline companies such as Delta and America Airlines, buying new planes to replace older ones is expensive and not in their best interest.
Their fleets are too large to realistically replace all the old planes and still be profitable. The flying experience of Virgin Travel is non-substitutable. They offer a one-of-a-kind mood lighting for the cabin, free in-flight Internet, live TV, expansive MP3 library, video games, leather seats for every passenger, on-demand food and drink at every seat, and much more.
The only airline that even comes close is Jet Blue, and this is because their fleet is also very young and they are able to offer some of these amenities but not all.
The second core competency is their friendly environment and customer service.Transcript of A PEST analysis of external factors that affect the airline industry Statement of purpose: to examine the effect of external business factors on commercial airlines using a . June - Sebastiaan Scholte, outgoing Chairman of the Cool Chain Association, speaks to TIACA Times about the organization’s plans for the leslutinsduphoenix.comiaan, you recently announced your retirement from chairmanship of CCA.
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