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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

Altexsoft

In this article, we’ll figure out what BSP and ARC mean and — more importantly — why you should care, if you are a travel agent that wants to issue flight tickets on behalf of airlines. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents. Start there and then come back.

Airlines 126
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5 tips for better business value from gen AI

CIO

What success looks like can vary widely and range from reducing a call centers escalation rates, a food distributors sales order processing time, or a professional services companys new employee onboarding time, to an airline that personalizes customer communications or a media company that provides real-time language translation.

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Dynamic Pricing Strategy for Airlines: Exploring Current Problems and Adopting Continuous Pricing

Altexsoft

In the 1980s, American Airlines and its former president Robert Crandall started a revolution in airline pricing. Crandall is famous for many airline innovations that we use today, such as inventing the first frequent flier program and contributing to route optimization and central reservation system adoption.

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De-risk equipment management

Capgemini

EaaS is a system by which OEMs or service providers assume maintenance and management responsibility for large equipment, freeing companies to concentrate on business priorities and not spare parts and service schedules. The airline industry was the first to roll this out. EaaS is a go-to solution for both sides.

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10 Digital Transformation Examples from 10 Industries

Modus Create

By automating almost 30% of the process, AutoFin has significantly reduced the time for reviewing credit applications. Vodafone — Enhancing Customer Experience by Breaking Silos Telecom Before its multi-year CX transformation , Vodafone Turkey had several siloed systems with isolated data. Sephora used Aha! and everything in Aha!

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Travel Booking Engines: Types, Functionality, and Integrations

Altexsoft

Without this software component, you can neither sell nor buy airline tickets or hotel reservations through the Internet. The key systems on the suppliers’ side are: Global Distribution Systems ( GDSs ), bed banks , airline consolidator databases, hotel property management systems ( PMSs ), and. pricing rules.

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