A budget airline is focused on providing discount service. There are no frills, no amenities, no free food, no alcoholic drinks, no movies, etc.
With a full-service airline, you pay more for the tickets, but the arrangements are more comfortable. Food and drinks are included in the ticket cost, there may be movies on-board, there may be Alcoholic Beverages available, the seats tend to be assigned, etc.
There is no difference between them.. Their difference only is how you understood about financial budget.. :)
iiiustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget
A budget "variance" is the difference between planned and actual performance.
A budget "variance" is the difference between planned and actual performance.
what is the difference and similarity between cash budget and long term financial planning
There isn't an airline with the name Budget Airline. There are many airlines that claim to be budget airlines and deals for these can be found on the Budgetair website. Latest deals include London Amsterdam for 74 GBP.
It's an airline (Budget)
Japtj
If I am not mistaken, a budget airline is an airline which offers very cheap flights from A to B. In most cases, you cannot change the flight dates. If you cannot use the ticket, you lose the money paid. Budget airlines usually serve no free food and drinks on board, there are no allocated seats, and you have to pay if you want to check in luggage. In other words, you could call it a no-frills airline or a low-cost airline, too.A boutique airline, on the other hand, would rather be the opposite of that. I see a boutique airline pretty much like a boutique hotel. A boutique hotel is a luxury hotel that does not belong to one of the big hotel chains (Hilton, Sheraton, Hyatt, etc.). It offers a very personal, almost familial service, it has a lot of local color (architecture, furniture, etc.) and the employees are locals and no cheap laborers. Following that idea, a boutique airline could be a small luxury airline (perhaps with an all-business-class cabin layout) that has only a handful of planes, is not a member of one of the big alliances and offers its passengers a high-quality product with a lot of love for detail which huge airlines usually have not.
is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.