Understand flight school KPIs and how to use them

Introduction

Flight schools are in the business of training students to become qualified pilots and to do so they must operate an effective and focused training program.

The quality of training delivered can be assessed and monitored through a range of Key Performance Indicators (KPIs). These KPIs are often used as a performance measure for a flight school, allowing it to track and evaluate its progress.

In this blog post, we’ll look at the top seven flight school KPIs, how to track and calculate them, and how they can be used to assess an organization’s performance.

Average Flight School Course Dollar Value

Definition

The average monetary value of the flight school course KPI (key performance indicator) is used to measure the total revenue generated by a flight school course. This metric is important to track because it provides insight into the financial performance of the flight school and indicates the profitability of its courses.

Benefits of Tracking

Tracking the average KPI flight school course dollar value offers a number of benefits to flight schools. This metric can be used to compare the performance of different courses, as well as identify any areas for improvement. Additionally, it can be used to set realistic goals for future course offerings and to identify areas where the flight school can invest more resources.

Industry Benchmarks

There is no single industry benchmark for the average KPI flight school course dollar value. However, most flight schools aim to generate more revenue than the cost of providing the course. Additionally, flight schools can use this metric to benchmark their performance against other schools in the same market.

How to calculate

The average KPI flight schools course dollar value can be calculated by dividing the total revenue generated from a course by the number of enrollments in that course. The formula is:

Calculation example

For example, if a flight school generated total revenue of 0,000 from a course with 100 enrollments, the average dollar value of the flight school course KPI would be ,000.

Tips and tricks

• Regularly track the average monetary value of the KPI flight school course to ensure that the flight school is meeting its financial goals.
• Compare the average dollar value of the flight schools KPI course to industry benchmarks to identify areas for improvement.
• Look for data trends to identify any changes in price performance over time.

Flight students adopted the rate

Definition

Adopted Flight Students is a KPI metric that measures the percentage of flight students who have passed their flight exams. It’s a way to measure the overall success of a flight school.

Benefits of Tracking

Tracking successful flight students is an important measure for flight schools. By tracking this KPI, flight schools can gain insight into how well their students are doing and compare their performance to other schools. It can also help identify areas for improvement and make adjustments to the curriculum or training.

Industry Benchmarks

The industry benchmark for flight students, the rate is typically around 80%. However, this may vary depending on the type of flight program and the level of instruction provided.

How to calculate

Adopted flight students can be calculated by dividing the number of students who have passed their flight exams by the total number of students enrolled in the program.

Calculation example

For example, if a flight school had 250 students enrolled in their program and 200 of them passed their in-flight exams, the in-flight students adopted rate is calculated as follows:

KPI Tips and Tricks

• Track the number of students who regularly pass their flight exams to measure progress.
• Compare the flight student passed rate to industry benchmarks to identify areas for improvement.
• Evaluate the education and/or training program to ensure students are receiving the best instruction possible.
• Encourage students to practice and review the material before taking their flight exams.

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Flight school occupancy rate

Definition

Flight school occupancy is a metric used to measure the effectiveness of a flight school training program. It is calculated by dividing the total number of hours flown by the total number of hours available for flight training.

Benefits of Tracking

Tracking and calculating flight school occupancy is important for flight schools because it allows them to understand the effectiveness of their training program. By calculating this metric, flight schools can identify potential opportunities for improvement and make changes to increase their efficiency.

Industry Benchmarks

The industry standard for flight school occupancy is usually between 80-90%. However, depending on the type of flight school and type of training program, this rate may be higher or lower.

How to calculate

To calculate flight school occupancy, divide the total number of hours carried by the total number of hours available for flight training. The formula is:

Calculation example

For example, if a flight school has a total of 200 hours available for flight training and they have flown 175 hours, their flight school occupancy rate would be 87.5%.

Tips and tricks

• Track flight school occupancy frequently to identify areas for improvement.
• Compare occupancy to industry benchmarks to ensure your flight school is on par with the competition.
• Analyze the data to determine which factors are impacting occupancy.
• Make adjustments to the training program to increase occupancy.

Average flight hours per student

Definition

Average flight hours per student is a metric used to measure the total number of flight hours each student completes. This KPI is useful for tracking each student’s progress and for evaluating the effectiveness of the school’s flight training program.

Benefits of Tracking

Tracking average flight hours per student has several benefits. First, it allows the school to monitor each student’s progress and adapt their training plan accordingly. Second, it can be used to compare the performance of different students, and can also be used to evaluate the effectiveness of the school’s flight training program. Finally, this is an important metric for evaluating the performance of school instructors.

Industry Benchmarks

The average number of flight hours completed per student may vary depending on the type of flight school, the experience of the students and the type of aircraft used. Generally, a good benchmark is between 40 and 50 flight hours per student.

How to calculate

The formula for calculating average flight hours per student is as follows:

Calculation example

For example, if a flight school has a total of 200 flight hours and 20 students, the average flight hours per student is 10 hours.

Tips and tricks

• Tracking average flight hours per student is a good way to measure each student’s progress and gauge the effectiveness of the school’s flight training program.
• Try to set realistic goals for each student and use the KPI to track their progress.
• Compare the performance of different students and look for areas where further improvements can be made.

Average income per student

Definition

Average revenue per student (ARPS) is a key performance indicator (KPI) that measures the total revenue generated by a flight school divided by the total number of students enrolled. This metric is used to track the performance of a flight school over a period of time.

Benefits of Tracking

Tracking arps can benefit flight schools in several ways. First, it can provide insight into a school’s overall financial performance. This helps identify areas of strength and opportunities for improvement. Additionally, tracking ARPs can help schools identify the most cost-effective types of courses and programs. This can help inform decisions about where to focus resources and investments.

Industry Benchmarks

Average arps for flight schools vary depending on the size of the school and the type of courses offered. Generally, larger flight schools tend to have higher arps rates than smaller schools. Additionally, schools that offer more specialized courses may also have higher arps rates than schools that offer more general courses.

How to calculate

ARPs can be calculated by dividing the total revenue generated by a flight school by the total number of students enrolled. The formula is:

Calculation example

For example, if a flight school generated ,000 in revenue from 100 students, the ARPs would be 0.

Tips and tricks

• Track arps over time to better understand a flight school’s financial performance.
• Compare arps to industry benchmarks to identify areas of strength and opportunities for improvement.
• Identify the types of courses and programs that generate the most revenue.
• Use arps to help inform decisions on where to focus resources and investments.

Average flight hours per aircraft

Definition

Average Flying Hours Per Airplane (AFHPA) is an important metric used by flight schools to measure the efficiency of their aircraft fleet. It is calculated by dividing the total hours flown by the total number of aircraft in the school’s fleet. This metric is used to monitor aircraft performance and ensure that it is used efficiently and safely.

Benefits of Tracking

By tracking Average Hours Flown Per Aircraft (AFHPA), flight schools can better manage their fleet and ensure their aircraft is being used to its full potential. This metric can also help identify potential maintenance issues with individual aircraft, as well as overall aircraft utilization trends.

Industry Benchmarks

The average AFHPA for a flight school is usually between 400 and 500 hours per year. Flight schools that can maintain their AFHPA at or below these levels are considered to have an efficient and well-maintained fleet.

How to calculate

Average Flying Hours Per Aircraft (AFHPA) is calculated by dividing the total hours flown in a given period by the total number of aircraft in the school’s fleet. The formula is:

Calculation example

For example, a flight school with 10 aircraft in its fleet has flown a total of 4000 hours in the past year. To calculate average flying hours per aircraft (AFHPA), divide 4000 (total hours flown) by 10 (number of aircraft):

KPI Tips and Tricks

• Track this KPI over time to identify trends in aircraft usage and maintenance needs.
• Compare your AFHPA to industry benchmarks to ensure your aircraft is being operated efficiently.
• Analyze the AFHPA of individual aircraft to identify potential maintenance issues.

Flight Student Retention Rate

Definition

Flight student retention rate is a KPI metric used to measure a flight school’s success in retaining its students. It is calculated by measuring the number of students who enrolled in school and then dividing it by the number of students who remained enrolled in school at the end of a given period.

Benefits of Tracking

Tracking flight student retention rate is important because it helps flight schools better understand the effectiveness of their teaching and student engagement practices. It also helps them identify areas for improvement and make necessary changes accordingly.

Tracking in-flight student retention also helps flight schools assess their overall performance and compare it with industry benchmarks. This can help them assess the effectiveness of their strategies and make the necessary changes to stay competitive in the market.

Industry Benchmarks

Industry benchmarks for flight student retention rate vary from school to school. However, generally a retention rate of 80% or more is considered good for a flight school.

How to calculate

The formula for calculating the flight student retention rate is:

Calculation example

Let’s say a flight school enrolled 100 students at the beginning of the period and at the end of the period, 80 students are still enrolled. The flight student retention rate for this school is as follows:

Tips and tricks

• The flight student retention rate should be monitored regularly to ensure the school meets industry benchmarks.
• Flight schools should also focus on improving the quality of instruction and student engagement practices to increase retention.
• It is important to measure the retention rate of flight students over different time periods to get an accurate picture of school performance.
• Flight schools should also focus on providing their students with the resources and support necessary to ensure that they are well equipped to succeed in their studies.

Conclusion

Flight school KPIs provide valuable insight into an organization’s performance, allowing it to measure its performance and make necessary adjustments to ensure student success. The seven KPIs mentioned in this blog post provide a comprehensive overview of a flight school’s success, from the monetary value of its courses to the retention rate of its students.

By tracking and calculating these key metrics, a flight school can better understand its performance and make improvements where necessary.