Dynamic Pricing – Which business analytics play a key role in optimizing revenue?
Pricing strategy is an airline"™s overall approach to maximize revenues. As well, it is a mechanism for bringing supply and demand into an equilibrium at a particular price and quantity while minimizing overbooking and unsold seat inventory. In the past, revenue management systems focused mainly on fare rules, physical (age, service categories, etc.) vs. non-physical […]
Easyjet CEO: "˜We want to be the most data-driven airline in the world"™
EasyJet"™s new CEO believes that by maximising its data use and focusing on core areas including holidays, business customers and loyalty it will be able to see more growth. EasyJet CEO Johan Lundgren has promised that he will create "the most data-driven airline in the world" as the low-cost carrier looks to data to increase […]
Aeromexico Reports 1Q18 Results
Grupo Aeromexico S.A.B. de C.V. («Aeromexico») (BMV: AEROMEX), today reported its unaudited consolidated results for the first quarter 2018 (1Q18). KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2018 Grupo Aeromexico’s first quarter 2018 revenue reached $16.3 billion pesos, a 15.4% year-on-year increase. First quarter 2018 RASK increased by 0.2% year-on-year, despite a 7.8% appreciation in […]
Jet Airways, Air France-KLM merge virtually, extend code-share agreement
Mumbai: India’s Jet Airways and Air France-KLM on Wednesday announced enhanced cooperation, widening their existing code-share agreement to expand their operations between Europe and India. The agreement will see Jet Airways, India’ second largest airline by revenue, and Air France-KLM working together to develop their commercial and product offerings. «This agreement strengthens the partnership built […]
Lufthansa Group strengthens financial base with its best-ever nine-month result
"We achieved another record earnings result in the first nine months of this year," said Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG, at today"™s presentation of the Lufthansa Group"™s nine-month interim results. "A result that gives us the investment and growth capabilities we need to play an active part in the […]
Delta earnings, revenue top expectations despite powerful hurricanes
Delta Air Lines reported third-quarter earnings and revenue that topped Wall Street’s expectations, but the airline warned of higher costs ahead in the last quarter of the year. Delta’s net income slipped 6 percent to $1.18 billion, or $1.64 a share in the three months ended in September. On an adjusted basis, the largest U.S. […]
Seat densification multi-fold strategy: Focus on revenue optimization, unit cost containment and profit maximization
Seat densification is an industry trend and it’s clear why. It’s an affordable way to increase total seat capacity while enabling both lower cost-per-mile and cost-per-seat on each flight. At the same time, it allows to increase revenue opportunities per flight and overall route profitability. Furthermore, if it coincides with new and lower weight slimline […]
Latam Airlines May Have Finally Got Back Its Momentum
It"™s taken five years, but the merger that created Latin America"™s largest airline might finally be bearing fruit. Latam Airlines Group SA, once the world"™s most valuable carrier, is in its strongest financial condition since predecessor Lan Airlines bought Brazil"™s TAM in 2012, said Chief Financial Officer Ramiro Alfonsin, in an interview in Santiago. The […]
Singapore Airlines Q1 profit rises 45.6 pct on higher revenue
Singapore Airlines Ltd on Thursday reported a 45.6 percent rise in first-quarter operating profit, with revenue rising as it filled a higher proportion of seats. The carrier, which is seen as a barometer of the Asian airline industry, made S$281 million ($207 million) in the three months ended June 30, up S$88 million from a […]
WestJet ULCC venture: Success depends on one key cost area – Labor.
We all have observed that as unit cost gap narrowed between network re-launched operations and LCC (Low Cost Carrier), a "revised" cost conscious and aggressively pushed ancillary revenue airline model appeared. ULCC (Ultra Low-Cost Carrier) aggressively collect ancillary revenue from unbundled services allowing them to stimulate the market through even lower fares while undercutting LCCs […]
