Sponsored Feature: FLYR
Maximizing the total network: Connecting your revenue and sustainability efforts
Sam Chamberlain, Product Director, Revenue Management, FLYR
FLYR offers a solution that provides automated, AI-driven revenue management capabilities to maximize airline profitability and total revenue.
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espite today’s operational challenges, airlines are looking toward the future, prioritizing sustainability to help ensure a better future for the next generation of travelers. In fact, at the 2021 Annual General Meeting (AGM), IATA airline members committed themselves to achieve net-zero carbon emissions by 2050. Although this end goal may be a few decades away, there are ways that airlines can make short-term impacts using advanced technology. Embracing advanced technologies like Artificial intelligence (AI), airlines can work faster and smarter toward their sustainability targets while also unlocking
hidden revenue potential and improving customer experiences. Prioritizing sustainability while maximizing revenue performance With the first sustainability milestone (SAF production to reach 7.9 billion liters) set for 2025, it is important to look to data to help determine the next steps across all business decisions. However, visibility into actionable insights is often limited. Legacy methodologies have hindered progress for airlines, causing them to fall behind compared to other industries. Additionally, decades-old systems were initially designed to support single functions. Now, with more complexities to consider—such as
Artificial intelligence enables a step-change in the airline industry
Airlines 2022 – 03
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incorporating critical industry sustainability goals—these siloed solutions are unable to give airline leaders a clear picture of what’s to come. The result is major gaps in data that cause airlines to make businessimpacting decisions through guesswork. With a single, common intelligence platform, analysts don’t have to juggle multiple systems and spreadsheets to get the answers they need. Instead, airlines can gain a better understanding of current and future opportunities across their commercial teams—and even see new possibilities for greater impact in adjacent business functions. Applied to a common intelligence platform, AI technology can help feed all other areas of the business with critical information for real-time decision-making. In particular, a cutting-edge form of AI called deep learning is helping airlines become more efficient and profitable throughout the entire customer journey. The Revenue Operating System® from FLYR leverages deep learning technology to provide automated, AI-driven revenue management capabilities that maximize airline profitability and total revenue. With our cloud-native solution, FLYR provides actionable insights for stakeholder management, value realization, and preemptive action. Our platform also helps to align people, processes, and systems to drive improved performance across the organization—not just for revenue
airlines.iata.org
05/09/2022 16:06