Open AccessOptimization Of Fuel Tankering And Cargo Maximization At Garuda Indonesia Airline To Gain Profitability (Study Case Of Route Cgk-Sub)
Author(s) -
Ani Wulandari,
Widya Permata Sari,
Charles An,
Muhammad Iqbal Firdaus
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1573/1/012035
Subject(s) - profitability index , aviation , maximization , revenue , air cargo , business , fuel efficiency , low cost carrier , operations research , transport engineering , operations management , automotive engineering , finance , engineering , economics , marketing , microeconomics , aerospace engineering
Fuel is a considerably high cost component in aviation operations. One of the ways to cost savings of an aircraft expense is Fuel Tankering. Fuel Tankering is an additional fuel carrying procedure aimed at obtaining cost savings by resorting to the price gap between departure and arrival airport, as well as minimizing risk. In reality, Fuel Tankering strategy in some airlines is still not favorable. Thus, companies must be able to weigh up expenditures and revenues. Therefore, there is a need for the estimation of fuel tankering and cargo maximization in the aircraft, so that Flight Operation Officer has a reference in estimating the defined formulations. The purpose of this research is to optimize Fuel Tankering and cargo maximization of airline company. It is expected that upon the strategy application within Indonesian airlines, there will be a significant and profitable operations.