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Joby Aviation partners with Japanese airline to launch air taxi service

TechCrunch

Joby Aviation is partnering with Japanese airline ANA to bring aerial ridesharing services to Japan. The startup estimates that a trip from Kansai International Airport to Osaka train station could take less than 15 minutes in one of its vehicles, rather than an hour by car.

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WestCap and Peter Thiel-backed FLYR Labs closes $150M Series C

TechCrunch

Airlines have a relatively straightforward goal — getting people in seats — but they’ve traditionally relied on inefficient and outdated statistical modeling methods to predict what prices and other conditions will sell tickets. Enter FLYR Labs. — the model will get smarter over time, FLYR says.

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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.

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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?

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CIOs contend with gen AI growing pains

CIO

MIT event, moderated by Lan Guan, CAIO at Accenture Accenture “98% of business leaders say they want to adopt AI, right, but a lot of them just don’t know how to do it,” claimed Guan, who is currently working with a large airliner in Saudi Arabia, a large pharmaceutical company, and a high-tech company to implement generative AI blueprints in-house.

Airlines 204
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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: 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.

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