This study aims to investigate the interrelationship among service quality, perceived value and customer satisfaction. The data
were collected from 5-star Indonesian Airline from Surabaya and Malang, East Java Province, Indonesia. Two hundred
observation was used to test the hypothesis. The data were analyzed by using Confirmatory factor Analysis and Structural
Equation Modelling. The results illustrate that perceived value plays a partial mediating role between the service quality and
customer satisfaction constructs.