Air Travel Is Broken!

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Is Air Travel Broken?

description

We need a new "system" for air travel that is convenient and doesn't waste our time. When it comes to air travel today, no one enjoys it. Why can't we reinvent air travel so that it serves the travelers intent. Time and convenience is our intent and there is a better way.

Transcript of Air Travel Is Broken!

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“When it comes to air travel today, everyone has a

horror story”.

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Air travel has become a BIG time suck with

delays and flight cancellations, degrading the traveling

experience system-wide.

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What Does This Cost Us?

over 150 million hours of passenger time, or $4.2 billion,was lost in 2008 as a result of

delays and cancellations.

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The Cost Is Not the Price!

While airline pricing has become competitive we

pay more in loss productivity and

abysmal experiences.

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When people use “air travel”,

what is their intent?

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Their intent is to get from

point A to point B as convenient

as possible.

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Convenient Means:suitable or agreeable to the

needs or purpose; well-suited with respect to ease of use.

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Air Travel is NOTconvenient rather

inconvenient.

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What AboutPrivate Aviation?

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Private vs. Commercial

5,000 Airports 500 Airports

No delays Lots of delays

No waiting in line Always in line

Convenient Inconvenient

Expensive Cheap

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But Private Aviationis also Broken.

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Billions in assetssit idle waiting to

be used.

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The economyhas forced cost cutting

and private aviation has been hit hard.

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General (private) aviation operations were off 33%

from 2008 to 2009.

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Is it the economy orthe business modelof private aviation?

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Most business travelersthink private aviationis out of their reach

because of cost.

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Why Does PrivateAviation Cost So Much?

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Because the cost is based ona plane being used by

one or a few people ratherthan the many.

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Because the cost is based mostly on one way usage.

Point A to B and returning empty.

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Private operatorsdon’t sell seats rather

they sell this thing called “legs”.

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“Legs” are flights from point A to B and the leg

from B back to Ais usually empty.

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What if they sold seats rather

than “legs”?

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If an eight passenger jet cost $7,000 from

point A to B and back that would equate to

$875 per seat.

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The same commercial flight could cost between

$350 - $570 per seat.

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The difference between private and commercial

aviation is time & convenience.

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Time and conveniencerepresent economic

value.

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A traveler’s value is centric to the cost of

time and the convenience of the

experience.

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For private aviation to expand the market it

has to change the business model.

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Empty seats are under utilized assets.

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More people would use private if the price of

use were lower!

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To “optimize” you have to reach the market

with a new proposition.

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How can private aviation reach a bigger market?

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Have you heard aboutsocial media?.

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Social technologyhas accelerated the

Power of Reachboth online and offline.

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Do you think business traveler’s

would “share” a seat with “friends”?

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Most business travelers knowother business

travelers.

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Business travelersusually travel

similar route’s.

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Fulfilling people’s intentTo find better ways to

travel would be considered “social”.

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Private Aviation….

needs tobuild a newmarketplacefor travelers.

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Together or Separately?

One private aviation operator cannot make

the “systemic” changes needed.

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Collective Effort

A new private aviation “system” needs everyone’s help.

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It Can Be Done!

Will privateaviation innovate

and expand usage?

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Join the ConversationCreate The Change

www.planeconversations.com

Come create a better marketplace for travelers.