Revenue management at Amtrak

The rise in fuel prices is sending passengers to Amtrak and Amtrak is using “airline-style yield management” to increase revenue…

http://travel.nytimes.com/2008/06/21/business/21amtrak.html?scp=2&sq=yield%20management&st=cse

About these ads

One Response to Revenue management at Amtrak

  1. Matthias says:

    Excellent! But I think that they could do more by increasing the number of price brackets. Ticket prices should be reduced until every seat is full, because an empty seat is worthless–even a $1 ticket would be an extra dollar of revenue at that point. More aggressive pricing could draw passengers from planes, buses and cars.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 111 other followers

%d bloggers like this: