Independent airlines face tough competition from large commercial airlines, who dominate the market. However, there are many advantages for travellers who choose to fly with an independent airline, such as flights from smaller local airports that may be more convenient for them to travel to.

If independent airlines find ways to save money and increase their profit margins, they can run an effective business in a competitive market. Here are a few things to consider to help an independent airline save money.

Compare Your Suppliers

Any business owner will shop around to find the best deal with a supplier and it’s no different for an independent airline. Finding the best quote when it comes to uniforms, equipment, training manuals and aircraft supplies can help you keep your business expenses low.

Using a supplier like Flightstore will help you provide your aircrafts with the best of industry-standard equipment at cost-effective prices, helping you keep on top of your business outgoings and increase your profit margin.

Insure Wisely

Like choosing your supplier, you should take the time to shop around to find the best quote for your insurance. Yes, taking out insurance is a necessary overhead but it doesn’t mean that you should pay above the odds.

Make sure your insurance provider knows as much as possible about your business because it could help you to find a better insurance rate. An underwriter may offer you a cheaper rate if they know your airline has taken out additional measures, such as in the safety standards for its passengers.

Find the Best Airport Fees

You should flex your negotiation skills when finding the best airport fee for your airline. It’s possible to reach an agreement with an airport about their fees and although you may not be able to negotiate the lowest fee at some of the larger airports, such as Heathrow in London or La Guardia in New York, there are plenty of smaller airports that can offer you more attractive fees. This is a key area where an independent airline can make notable savings.

Many of these small airports are nearby to tourist destinations and may be a more convenient option for passengers to reach, as well as offering them more attractive ticket fares.

Although independent airlines operate in a competitive market, they can still run a successful business alongside the large commercial airlines. If they are smart with their overheads and business expenses, they can save money and as a result, increase their margins for profit. Follow our three tips if you run an independent airline looking to increase your profits.