How Airline Revenue Management and Pricing Teams Respond to Revenue Volatility?
Restricted movements across the world due to the COVID-19 pandemic have severely affected the airline industry, making 2020 one of the worst years in its history since 9/11 attacks and 2008 global financial crisis combined. With an 85% decrease in global air travel, a report released by IATA recorded a loss of $84 billion in 2020 with an additional predicted loss of $15 billion in 2021, leaving the industry in a period of extended recovery at least until the year 2024.
Revenue Volatility in Airlines is Here to Stay: What can Revenue & Pricing Teams do About it?
Restricted movements across the world due to the COVID-19 pandemic have severely affected the airline industry, making 2020 one of the worst years in its history since 9/11 attacks and 2008 global financial crisis combined.
Re-Taking the Skies : What can Commercial Teams do to Gear up for A Full Return of Airline Travel in the New Normal
COVID-19 disrupted all economies and had momentarily seized cash-registers from ringing with airlines expected to lose $84.3 billion in 2020 for a net profit margin of -20.1% (IATA). Airlines all across the world witnessed a nose-dive due to the pandemic-induced-lockdowns. Realizing the prolonged impact the contagion is bound to inflict until an antidote is developed, many countries are trying to restore normalcy with the virus in the backdrop. And, as WHO rightly puts it, "We have all got to learn to live with this virus".
Smart Shopping for Data: Driving Analytics Excellence in the Airlines Industry
Restricted movements across the world due to the COVID-19 pandemic have severely affected the airline industry, making 2020 one of the worst years in its history since 9/11 attacks and 2008 global financial crisis combined.
What will define Long Term Success for Airlines
We today live in a world where we now have an app for everything. Today we have more than 5.5 million apps available across all app stores with over 178.1 billion downloads every year, suggesting that on an average each of the 2.7 billion mobile users try more than 65 apps.
Challenges for Airline Revenue Managers Beyond 2020
This year marks the end of a landmark decade for digitization and technological adoption. Path breaking technologies like artificial intelligence and personalization have been incorporated into business functions to facilitate strategy execution. The fact that 72% of business leaders[1] believe that AI is synonymous with ‘business advantage’ attests this growing shift.
RateGain Announces GDS Integration to Help Airlines with Granular Fare Analysis
RateGain Technologies, today announced that its real-time airline pricing intelligence solution, AirGain will now be able to provide apple to apple mapping of rates for Airlines. This new feature will help airline revenue managers easily understand the break up of each price point by giving visibility into fare components such as tax breakup, FBC rules, fare family and other ancilliary components helping them execute a more competitive pricing strategy.
Airlines: Soaring on Ancillary Revenue
Ancillary revenue is what stands between profit and loss in the airline industry. Rising operational cost and competition have made non-ticket revenue the differentiator among airlines. For some of them, revenue from retail has already surpassed that from ticket sales.
RateGain Announces Seamless Integration With AirRM System
RateGain Technologies, the leading travel, and hospitality technology company today announced a strategic partnership with airRM, an Accelya Group Company and a global leader in airline revenue management solutions. With this partnership, RateGain data will seamlessly integrate with Accelya‘s airRM system.
RateGain Announces The Launch Of AirSight, An Advanced Historical Data Solution For Airlines
This year marks the end of a landmark decade for digitization and technological adoption. Path breaking technologies like artificial intelligence and personalization have been incorporated into business functions to facilitate strategy execution. The fact that 72% of business leaders[1] believe that AI is synonymous with ‘business advantage’ attests this growing shift.