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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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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a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades.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.”

Airlines 184
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Revenue Integrity in Airlines: How to Solve Revenue Leakage Problems

Altexsoft

Even before the pandemic, the industry was going through a crisis, so airlines fought hard to track down and close every loophole. Often created by travel agents and customers (both accidentally and not), these holes account for about 3 percent of the airline’s revenue. Airline revenue leakage. Couldn’t be more relevant, right?

Airlines 124
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Crew management in airlines: planning and scheduling with Sabre, Jeppesen, and others

Altexsoft

On par with fuel, crew related costs are the major operating expense for airlines. The good news is that carriers can save billions of dollars through more sophisticated scheduling systems. Source: Team-Oriented Airline Crew Rostering. And finally, after all the inputs are made, the airline must stay profitable.

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Counting the cost of CrowdStrike: the bug that bit billions

CIO

They’ll be covering most of that bill themselves, Parametrix said: “The portion of the loss covered under cyber insurance policies is likely to be no more than 10% to 20%, due to many companies’ large risk retentions, and to low policy limits relative to the potential outage loss.” 700 million for remediation alone According to a study by J.

Insurance 179
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Airline Reporting Corporation: ARC Accreditation Options and Steps to Get It

Altexsoft

Whether your business is focused on selling airline tickets, package trips, or cruises, if you want to be acknowledged as a professional in the travel industry, you need to be certified. So, ARC or Airline Reporting Corporation is a company that regulates and handles transactions between airlines and US-based travel agencies.

Airlines 115
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Taiwanese startup WritePath’s AI tech speeds up financial disclosure translation

TechCrunch

The Taipei-based startup’s clients include Foxconn, ASUS, China Airline, the Taiwan Stock Exchange and Taiwan Mobile. Warren was trained on a language corpus of several million Chinese-to-English sentences gathered from financial, annual and ESG reports. CEO Alex Lee. WritePath’s team.