The Revenue Management System enables airlines to control allotments, reserve capacity, evaluate overbooking, and manage bookings in real-time. With this system, airlines can determine the optimal mix for each departure, carefully balancing factors such as costs, rates, capacity, and demand. This enables them to decide pricing and inventory allocation to maximise revenue and ensure optimal utilisation of resources.
Plays a vital role in financial planning by calculating the itinerary cost, booking cost, and total cargo cost.
Estimates the cargo capacity in terms of weight, volume, and number of positions (ULDs).
Determines cost-effective network configurations by analysing data from the demand forecaster, etc.
Analyses all booking requests and suggests profitability.
Forecasts future opportunities in terms of weight.
The Revenue Management System (RMS) enables airlines to maximise their revenue potential by continuously assessing real-time bookings. By utilising data and analytics, RMS enhances network performance and generates optimal outcomes. It empowers airlines to make informed decisions regarding pricing and distribution, ensuring the highest possible capacity sales at the most favourable prices.
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