In the complex world of commercial aviation, airlines have developed sophisticated systems to extend their reach beyond their own networks, optimize revenue, and provide seamless travel experiences to passengers. At the heart of this global connectivity are three key concepts: codeshare agreements, interline partnerships, and revenue management.
In an industry where innovation and customer experience drive competitive advantage, the airline world is undergoing a quiet revolution. At the heart of this transformation is NDC (New Distribution Capability), a modern data transmission standard developed by the International Air Transport Association (IATA).
Explore how Low-Cost Carriers (LCCs) and Full-Service Carriers (FSCs) optimize revenue management through innovative strategies. Learn about challenges, technology advancements, and the future of RM in aviation.
Explore how Low-Cost Carriers (LCCs) and Full-Service Carriers (FSCs) optimize revenue management through innovative strategies. Learn about challenges, technology advancements, and the future of RM in aviation.
Building a resilient revenue management strategy in the ever-evolving aviation industry involves striking a balance between data accuracy, advanced analytics, dynamic pricing, rate parity, competitive insight, and personalized service. At Airgain.ai, we are proud to offer solutions that embody this comprehensive approach, delivering robust, data-driven strategies to the aviation industry.
In the last couple of years, the pandemic has affected all our lives and business alike. Many sectors have faced the brunt of low demand, and many have had to recalibrate and pivot to survive. The travel industry has been impacted the most with many travel companies, airlines and service providers reducing their business outlook, and switching their business models to tackle low demand during this period.
Post Covid-19 pandemic, businesses across the world are on a recovery curve. The travel and tourism industry is already witnessing improved demand compared to the previous years. However, complete recovery is still some time away. According to a global survey conducted by the UNWTO in January 2022, most experts feel that the recovery to pre-pandemic levels is likely only after 2024 or beyond. Such being the case, the traditional forecasting methods of relying purely on historical data points to map future demand will become grossly insufficient.
Ever since the launch of the upgraded AirGain 2.0, we have been constantly making improvements by adding the features that can help airline revenue managers take faster and more accurate decisions in the new normal.
The airline sector by itself is challenging, and the pandemic just made it more so. Leading airlines are plagued by steep reductions in occupancy levels, fluctuating demand, and the absence of solid, reliable historical data to back pricing decisions.
In every conversation with a customer, one key conversation we have with them is to understand if AirGain 2.0 made it easier for them to not only test their pricing strategies but also made it faster and agile to make changes to the system.