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Virgin blue¡¯s¡°Value for Money¡±
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contents
Introduction
Competitors
Discussion
Strategies
1
2
3
4
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Virgin Blue
Part of a big family, Virgin Group
established in 1970
by sir Richard Branson
Launched in August 2000
Australia¡¯s second-largest airline
Biggest low-cost airline
Virgin Australia
2xxx changed company name
No-frills approach
= thoroughly reasonable
1.Introduction2 . Competitors3. Discussion4. Strategies
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Airlines
Established in 1920
3rd oldest airline company in the world
Arise of Virgin blue&9.11 ¡æ demand declining
2004, Domestic low-fare airline ¡°Jetstar¡±
Established as Carnarvon Air Taxis, 1963
Subsidiary of Ansett Australia;
acquired by Singaporean company
after Ansett¡¯s bankruptcy
1.Introduction 2 . Competitors3. Discussion 4. Strategies
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Market Share
Market share among the Domestic Airlines 2007
1.Introduction¡¦(»ý·«)
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Discussion #1
1.Introduction 2 . Competitors3. Discussion 4. Strategies
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Q: Is age category independent of the willingness to travel with VB
DTs¡¯ 12% ¡æ in 35-49
24% of DTs who used VB for the first time during the period ¡æ in 35-49
Discussion #2
1.Introduction 2 . Competitors3. Discussion 4. Strategies
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Let:
P(X)=probability of in 35-49 among DTs
P(Y)=used VB for the first time during the period among DTs
If the events are INDEPENDENT,
Discussion #2
P(X¡ûY)=P(X)¡¿P(Y)
1.Introduction 2 . Competitors3. Discussion 4. Strategies
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P(X¡ûY) = P(X)¡¿P(Y)
30/100¡¿24/100 = 12/100¡¿30/100
7.2% ¡Á 3.6%
DEPENDENT
Travelers in the age of 35-49 using low-fare domestic airlines : can be short route tourists or person on a BUSINESS TRIP
Discussion #2
1.Introduction 2 . Competitors3. Discussion 4. Strategies
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Q1: Probability of the random