How to run an Airline business profitably for 47 years & counting: Southwest Airlines CaseStudy
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- Опубликовано: 2 окт 2024
- Video Introduction:
Big bull Rakesh Jhunjunwala will soon launch Akasa Airlines, but experts are skeptical of his move. Most think that the best way to be a Millionaire is to become a Billionaire and then start an airline company. But in today's video, we will bust this myth using a real-life example of Southwest Airlines, the world's largest low-cost carrier airline, which has been profitable ever since it launched.
Southwest Airlines Co., typically referred to as Southwest, is one of the major airlines of the United States and the world's largest low-cost carrier airline. It is headquartered in Dallas, Texas, and has scheduled service to 121 destinations in the United States and ten additional countries.
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Hey guys,
Since you told us about the distortion, we changed our mic. So do let us know if the sound is better now.
Connect with me on twitter at twitter.com/Ganeshprasad999?s=09
Sound quality is great as such I didn't noticed that much distortion before.
Keep growing lots of love and power to you:)
Sound Upgrade ✅
Editing Upgrade ✅
KEEP it coming Ganesh ✌️🚀
@Abhinav i do editng for both the guys 😋😋
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@@lipuna omg !! Cid officer caught me
"Everybody suffers a little so that some has not to suffer a lot".
"We managed in good times so we will be protected in bad times".
Perfectly reflecting their vision.
When he says , " what follows next, was nothing short of amazing ( or any related words) " is when it gets excited and perhaps also comes to the strategy of any bussiness case study !! @ 11:57 . Its just a small observation i did in every videos of his. Anyways i you read this comment bro you are really really amazing , thanks for such content , and i am definetly planning to join your masterclass !!
A video on our gdp growth
If i had this type of school, i would be at another level of stage right now.
Now you have it, let's see what you can do..all the best
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This Is Channel is Growing So Fast , The Content Quality is Amazing , Sadly Our Education system don't teach This. They Just Want Rank , Good Marks.
I had goosebumps throught the episode
The hexagon is a classic graph problem that is it is a complete graph. The Hub and Spoke model is intuitive but inefficient. But the solution of Southwest to prioritise the high traffic routes are intuitive as well and should come naturally as well. But is it just me and if not why do businesses invest so much to come up with such easy solutions?
That's a fully connected graph of graph theory but what was needed was a connected graph.
@@siuuuuuMyth The first one was fully connectedthat is why we had 15 connections.
These business are massive. Everything done is done strategically. Point to point and hub and spoke are the standards that was created by expers.
They are operating billion dollor companies
as stated Southwest was connecting point a b and c only. if every country follows this what about the airlines for d e c f points. should customers cancel going to these places.
This is how it works. when you see big context then both the models are great. while southwest was focused on growth in perticular point. other companies were operating at higher level. As we know Amazon is bigger it does business all over the world and all products. while Myntra only does the fashion and has the largest makert share in fashion ecom industry. It's similar to the southwest.
Lessons learnt:
1) Profit can never be exponential, linear growth is not failure
2) sustainability and potential for growth lies in the emotional connect between the customer and company's core ideologies and values
Addicted to get taught by ganesh such a wonderful teacher hats off❤️❤️❤️
Where does he gets the info...market research?
Never heard about oil hedging strategy. I really appreciate your insightful content
I'm in love with with "Think School" after all these incredible videos they've been providing😍😍
This is the only channel where I watch every single video. I don't even every video of my own channel....😎😎😎, Great Content as always...👌
South West company is like TATA in India.. In terms for ethics and safety and assurance to their employees
Following you from start there are major improvements in editing, information, and everything. Hope I can meet you one day as we live in the same city.
You forget about their fleet purchasing/leasing strategies. Though a very informative video.
If Any supporting video there or something do tag me with the channel name😀
Can u do a case study on how offline book stores manage to survive in this age of predatory pricing on books by Amazon ??
Dude I work in the airline industry and this is a learning for me as well. Hats off to you for uploading quality content.
Awestruck!! The entire narration was like a short story... appreciate the depth of research and presentation.. !! Longing for more such content.
Every case study is so awesome. Your predictions about ethanol blending and electric vehicles are really coming true and truly anyone who makes choices after researching on what you suggest can get a goldmine
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bhaiya, while watching your videos, i never think like a viewer, rather , I become the protagonist of the story myself, and I start wondering how do I replicate such a business feat myself?
ande you provide me all the answers I need
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Similarly, Qatar and Emirates operate in Hub and spoke model with their home base as Doha and Dubai respectively.
Love this channel and the topic it covers. straight to point and no drama. 👏🏼👏🏼
Every video of yours is a gem 💎......sir one question.....why southwest aircrafts are blue in color?...we know that to make airplane light, company don't use any color which will make plane heavier.
I am have started your suggested book Nuts - Southwest Airlines crazy reciepe book & you have summarize the content on the book into brief video... Kudos buddy
You always tell things from scratch. Always love your videos
Moral Of The Story
Timing is most important and take care of your Staff and Build a Great Culture
My mom: why are you crying
Me: think school intro is 😭😭😭
I always believed & said to everyone
"A kind capitalist always survives in times when the genius one bleeds."
You just proved me right...Thanks man...keep up the great work guys🌟
One of the most inspiring case study. Kudos to your efforts Ganesh !
Bhai pehle voice quality low thi and now it's Just amazing 🤯
And intro was too good
A single video is equal of a book ,
Like you point of view , & approach to see things
Felt so emotional and very inspirational and if i am a director i would definetly try my level best to make a biopic on southwest airlines!!
I dont know whether i will be taught about these things in my clg(ofc no) but your channel is teaching me somany new topics and strategies
Sir Please make a video on the boom in the industry of Handwash and House cleaning products. 🙏🙏🙏🙏❤ it's 5th time I'm requesting you. So please
Thank you sir for the fantastic explanation...
Sir Ganesh Prasad is the Indian version of Simon Sinek....... lots of respect & love from Bengal
When your company has values then no one can stop it from reaching heights..
Would be great if you do a case study on Boeing & Airbus! Would be eager on a case study on the duopoly.
15:32 Last music theme reminded me of *Flying beasts* maldives vlog 😂😂
😂😂
Song name??
Brother you are amazing! your videos are so refreshing and interesting to watch!! I can get knowledge on almost anything with these well researched and easy to understand videos. Thankful to you channel and to you :)
I'm in love with this channel and theirs vdo and this man
Amazing, I wrote 11 pages out of this single video! Very very insightful 👏
Such insightful msg with in.. Really appreciated your work and explanation. My suggestion will be, sir can u plz slow down during speaking, u r fast and secondly can u plz bring more case studies regarding agriculture companies? It will be so helpful. Above of all, u r best. I learn alot. Tq so mch.
Amazing video ❤️🔥
I will make sure that I re-watch these case studies in my entrepreneurial journey.
Thank you my lord for this Eccentric lad's existence 🙏🌹🎉🥳
Summary being, it is a classic case of good Risk Management and the finance domain ppl were the ones who saved the firm by deploying hedging techniques. Rest, what followed was great to know. Thanks for the valuable case study.
Amazing video. Just love the case studies. Watching your videos is like doing an MBA.
Abhi toh sirf mic aaya he , pura setup to abhi baaki he mere dost ! Keep up the good work ganesh 💜
addicted to the way you teach, great teacher❤️👍
This is the most amazing case study I have heard or seen-thanks to you
WHICH BOOK DO YOU READ FOR THIS KNOWLEDGE SIR?😍😍😍
Thanks for adding these animations!!!👍🏻
This was the most amazing and informative case study ever shown by me in my life on Aviation industry.
The videos which I liked the most, I just download those videos and this is one of those.
Your videos are beyond any competition. Ganesh sir, I am just a Huge fan of you and your videos🤩🤩.
♥️♥️
@@ThinkSchool Thank you sir for spending your precious time in replying this message. 😄😄🥰🥰🤓🤓🤗🤗
Getting across your channel was nothing short of a miracle, I am glad that one of your videos popped in my recommendation and I am able to enjoy a high-quality case study.
I don't watch your videos where ever I want. I watch only indoors because I always take notes of your videos
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I hit the like button on your very video and make RUclips baba happy😃
Nice audio quality upgradation
What about making a video on what led to 2008 crisis
and which companies were playing bold moves to survive
Ganesh , plz make a video on youtube algorithm and a deep analysis on growing on youtube
I am thoroughly enjoying and gaining amazing valuable insights from this channel since I found it from nowhere!
Whole case studying of southwest airlines has been explained in Simon Sinek's book START WITH WHY. The book you recommended in one of you apple's video it's a great book Thankyou soo much Ganesh sir.
Thank you for toning your voice down and speaking softly.
Thanks for feedback 🔥
Now the sound is good enough?
Yes superb 👍🏻
I really want a great long case study of TATA i think we may press him😅
Sir can you make video on how TCS/Infosys started IT revolution! Great work BTW!
superb
but, Hi everybody is the best start... Leveraged 1 Min through clips... (It Damn Good)
Wipro wali video remove kyu ho gai ?
Hey brother! u r going to reach a million subscribers very soon
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Every time you surprises me with your perception ❤️
Your content is Great..!
Thankyou for sharing great content with us .
Please teach us How to do case study by ourselves.
This is absolutely phenomenal work!
Another great video from THINK SCHOOL from Ganesh and get the insights of Avaition industry
Also can you make the video of gold and hoow the gold company were making money as the gold price were sky rockeeting
Such a inspiring video. Keep it up senior @ganeshprasad.
Loved the explanation my man!!🤙🏻
the strategy you present are amazing
Also because of its model Southwest allows 2 Bags each per passenger as well as free ticket change as long as it is available on Southwest!
One more thing...now a days because of Covid 19..many many big preowned airplanes are selling at 60 to 70% discount!!! Now is the best time to get in in the market like India!
6C2 =15 permutations and combination chapter class 11...yaad ar rha hai
If possible, Do one vedio about successful company which has low investment .
Employees of Southwest Airlines must be so proud of their company.
Please make video on the future of insurance industry and their strategies
While everyone here is praising SW and comparing it with TATA and all. You don't understand that the company only focused on profitable routes while ignoring others. Whereas AirIndia has to cover unprofitable paths as well which is why it is in losses. Values of both are different. Not sure what will happen when AI is privatised.
I look forward to watching think school videos much more than any movie or series
Audio Done ✅
Video Done ✅
Content Done ✅ (as usual)
Think School Rocks ❤️💥🎉
Ganesh bhai make video on satelite internet and how it's going to change the world it's really interesting plz🙏🏼🙏🏼 love from tamil nadu
You are gem.. hats off to you..
How to have a profitable airline company?
By making sure that your country doesn't have a healthy rail transportation system.
Make a case study on Dmart ⭐⭐⭐⭐⭐
Every time learns new things and excellent strategies I wonder how you choose a topic and phrase it in such a contrasting way, your research and way of delivering love it.
Logically analised.... With emotional touch... Ganeesh u r becoming a master class.... keep it UP...
oil hedging was a good point but southwest uses smaller airports. they dont fly to ohare in chicago but midwest airport. the secondary airports in usa have lesser lading and overnight parking charges. usa has a much better aviation eco system. there are pvt airports as well.
southwest has taken many such airports in the texas area and renamed them south west airports. in india we have all the airports under AAI hence lack the infrastructure. therefore in india this model doesnt work. Deccan tried it for sometime but due to lack of political support could not survive. also naresh goyal had the head of DGCA in his pocket for the longest time. he kept on changing the rules in his favor. now with udaan scheme india is trying again and perhaps newer companies can cash in on it. also airlines are trying to buy their own fuel. lets see what happens in the future.
if possible can you make a video on jiomart and how it is working in india. How it will be profitable and all. Please make a case study on it.
Thank you!
This channel has reached the analysis level of Vox media or even Business Insider. Congrats!👍
Who used combination formula to recheck point to point model answer!
Bro plz give me some tips how to grow a restaurant or a product without spending lots of money in marketing.... Plz reply me bro
VERY INFORMATIVE VIDEO 🌷👍🏻🇮🇳🇮🇳🇮🇳
Hyderabad Metro is running losses.
What are the Solution will you give.
Let's be honest you all are recognised your class 9, 10th triangle and circle chapter 😂🙌🏻