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Each airline could save at least $1 million a year at each large airport using technology to manage "irregular" operations, according to a Jan. 30 analysis by Darryl Jenkins, director of the George Washington University Aviation Institute, and Bill Cotton, president of Flight Safety Technologies. The authors say the worst thing the industry can do is assume that the added expenses of irregular operations are a cost of doing business.
"In our opinion, that will put carriers out of business," they say in the analysis. "In fact, addressing irregular operations can mean the difference between profit and loss. This is especially true since September 11, as operational issues including security take on increased emphasis."
The analysis was funded by Megadata Corp. in an effort to quantify the financial benefits of its technology, known PASSUR. According to the analysis, this technology can be instrumental in reducing the costs of irregular or off-schedule operations. When adding in the network effects and "downline" costs, the savings multiply exponentially, according to the analysis.
"This study also confirms the larger theme of our recent work -...