Step 1: Create a Profit & Loss Report by airline
As with any battle a reconnaissance team goes in to find out the lay of the land first, this is our starting point for this project. This step gives us a clear understanding of where we stand and will give us guidelines on where we need to go. The first time you do this exercise I can assure you it is going to throw up some very interesting information that will surprise you, even if you are a 25year veteran of this industry. The numbers which are based on facts will tell their own story. So prepare to be surprised and at times shocked if you have never done this before. Regardless of what the numbers say, it will give you some excellent ideas on how to proceed towards that 3% or higher increase on margins which is our target from this guide.
Export that to a spreadsheet so that it looks like this: