How To Identify the Best Airfare Data to fuel Aviation Business Intelligence (BI) Tools

How To Identify the Best Airfare Data to fuel Aviation Business Intelligence (BI) Tools

29 November, 2017

 

The Aviation Industry uses various types of data to define both external and internal Aviation business strategies. For example, many Airlines and Airports are gradually funnelling personal data into a customer service strategy – with flight attendants becoming the face of hyper-personalized service.
 
 
There is more to Business though.
 
 

“the higher the price, the bigger the profit”

 
 
As complex as the Aviation Industry is, there’s a simple truth when it comes to airfares and Aviation Business in general: the higher the price, the bigger the profit. No surprise then, that Big Airfare Data is another valuable source of information fueling Aviation (BI) tools and it is significantly impacting the way revenue managers and network planners make business decisions.
 

To develop profitable pricing strategy airlines need to gain true competitive insights on airfares. Our Analytics Team has analyzed various types and sources of airfare information.
The publication you can download below focuses on the airfare data that supports actual drill-down analysis (from O&D to individual flight level) and therefore the creation of business cases on carrier and flight level.

 
In this White Paper, we take a closer look at:

  • Airfare Collection
  • Consistency
  • Enrichment
  • Quality
  • Transparency
  • Accuracy
  • And last but not least, Usability when fuelling Aviation (BI) Systems!
  •  
    Regardless of the purpose, be it to build profitable business cases, retain happy customers, analyze new route potential or identify the impact of competitor’s strategy, knowing the How To’s to identify the Best Type of Data for Aviation Business is fundamental for any professional who wishes to use the data for analysis purposes.
     
     

    The better the airfare data, the more usable the Aviation Business Intelligence Tools.

     
     

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Airline of the Year 2017 Norwegian Bet Europe U.S. low-cost long‐haul flights

Airline of the Year: The Norwegian Bet on Low-Cost, Long‐Haul Flights (Case Study)

21 November, 2017

 

Infare Analytics Team released a Case Study to find out if Norwegian Bet on low-cost, long‐haul flights has the potential to live up to the title of “Airline of the Year” granted by CAPA-Centre for Aviation.

 
The United States and Latin American expansions are big priorities for Norwegian, as it aims to reach its long-term goal of creating a new “air highway” from the U.S. to Asia via Scandinavia.

 

Yet, Norwegian lacks permission to fly over Russia, which has a policy of only allowing one airline per country to fly over the “Siberian Corridor”. This was granted to SAS ever since a Soviet-era based deal in 1956. For the time being, Norwegian will then focus on bridging Europe and the U.S. with low-cost, long‐haul flights.
 
 

Forbes called Norwegian a Little-Known Oslo-Based Discounter. The type of discounter which indeed is Disrupting Big Airlines’ Profit Model.

 
 

While being unquestionably daring, Norwegian’s strategy has to pay off from a revenue perspective to be a sustainable business model and not merely noise in the market.
Our Analytics Team has looked at Norwegian’s performance for the route London Gatwick (LGW) – New York J.F.K. (JFK) to establish whether the new strategy has been financially successful and to assess how it has affected the market.
 
 

Figure 1: Average fares on the routes LHR‐JFK (orange) and LGW­‐JFK (blue) for 2014, 2015, 2016 and 2017.

Source: Infare Altus
 
 

Below you can find “The Norwegian Bet” Case Study.

Our Altus BI solution, which is based on a 1 trillion airfares database supported the analysis. Evaluations also factor in CASK value, seat capacity and load factors. What’s more, Norwegian’s low ‐ cost, the long-haul strategy appears to be impacting passenger demand on the route London Heathrow ‐ New York J.F.K.

 

To conclude, the “little-known” Norwegian airline might not be so little anymore thanks to the new “Airline of the Year” title. With its strategic focus on long-term goal and, here and now, multi-million dollar earnings, this discount carrier undeniably is setting its footprint in the market.

 

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Copenhagen – Vienna unexploited route potential (Case Study)

27 October, 2017

 

As other European airports, Vienna has enjoyed two years of extremely successful business operations and exhibited a great overall route potential. Vienna Airport surpassed the threshold of 23 million passengers in 2016 and registered a year-over-year growth increase by 7.6% during the month of June.
Interestingly however, passenger traffic on the route Copenhagen – Vienna (CPH-VIE) has increased more slowly than in the rest of the market. The bellow Case Study focuses on the still unexploited route potential of this O&D.

 

This difference might be caused by the fact that the route presents only two carriers with direct flights. However, one more player has also operated on this route for a while, thus creating additional traffic. The carrier eventually stopped its operations on the O&D because of a considerable decrease in demand, which appears to be caused by the intense competition.

On the basis of data on the past operations of a carrier for the route and on non-direct traffic, we estimated that the route has the potential to generate extra traffic amounting to circa 7.000 passengers each month.

 

The most suitable carrier to fit into the CPH-VIE needs to have a well-planned strategy to be able to avoid wing-to-wing competition with current players: SAS and Austrian Airlines.

 

Figure 1: SAS’s average prices for the route CPH-VIE (week before departure view)

 

 

Figure 2: Austrian Airlines’ average prices for the route CPH-VIE (week before departure view)

 

 

Our Analytic Team pinpointed a number of potential carriers which could start operating profitably in the route. The analysis focused on the current players’ reaction to competition, their overall price strategy, connectivity and level of price volatility.

 

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Aviation Festival 2017 – Global Edition

7-8 September
London, United Kingdom

 

We are excited to announce our participation to the Global Edition of the Aviation Festival, which this year will take place in London.

The event will bring together decision-makers, industry leaders and international experts for three days of networking, talks and roundtables. The focus of discussion this year will be represented by the innovative technologies that can help Airlines and Airports save time and money, while creating better passengers experiences.

 

We are looking forward to meeting you at our booth (# 85B)

Do not miss this opportunity to meet our team and find out more about our intelligence solutions!

 

To know more about the Aviation Festival visit the official website.

AGIFORS RM Study Group

AGIFORS RM Study Group
16 – 18 May, 2017
San Francisco

 

The INFARE Team is proud to announce that once again we will sponsor the AGIFORS Revenue Management Study Group.

The talks and presentations which will animate this event will cover a number of topics ranging from revenue optimisation to overbooking management, from demand forecasting to marketing issues.

Representatives from airlines, air transport associations, universities, research laboratories, solution providers and consultants will discuss new ideas, trends and some of the most pressing industry issues.
 

Our Lead Data Scientist will join the event and present one of our latest and most exciting research projects.
We are truly looking forward to meeting you there!
 

Visit the official website to find out more about the Study Group.

PROS Outperform

PROS Outperform
10 – 12 May, 2017

Chicago

 

We are delighted to sponsor and participate in PROS Outperform.

The event, which will take place in Chicago, represents a unique opportunity for Sales, Pricing and Revenue Management professionals to meet and discuss some of the latest industry trends.

PROS Outperform is designed for companies aiming at realising their full revenue and growth potential. We couldn’t miss this incredible opportunity to meet our customers and present to the rest of the industry our airfare analytics tools.
 

If you haven’t done it yet, get in touch with our team to schedule a free product demo!

We are looking forward to meeting you at our Booth.

 

Routes Europe

Routes Europe
23-25 April

Belfast, Northern Ireland

 

For the first time our Team will participate in Routes Europe, which this year will take place in Belfast.

Routes Europe is the largest regional Routes event and it has grown to become a crucial meeting point for a variety of aviation industry stakeholders.

 

The event, lasting four days, will bring together over 1,200 delegates representing airlines, airports, tourism authorities and solution providers from all over Europe.
Over 4,800 face-to-face meetings are expected to take place during the this three-days event. Delegates will discuss how to develop new strategies, negotiate collaborations and share opinions on the future of European air services.

 

Do not miss this opportunity to meet our Team and find out more about our Airfare Analytics. Get in touch with our team to schedule a one-to-one meeting.

Visit the official website to find out more about the event.

ERA Regional Airline Conference

Era Regional Airline Conference
Copenhagen, Denmark
29-30 March

 

We are looking forward to meeting you at the ERA Regional Airline Conference that this year will take place in Copenhagen.
We are thrilled to have such a relevant event taking place in the city where our HQ is located. One more reason not to miss the event!
 

The Conference, organised by the European Regional Airline Association, has grown over the years to become a not-to-be-missed meeting point for a variety of aviation industry stakeholders. This year a number of topics will be discussed, ranging from aviation security to environment-related issue, from decision-making to risk-management.
 

The INFARE Team is thrilled to participate in the event and to contribute with our solutions to support the work of Airlines professionals.
Do not miss this opportunity to meet our experts and find out more about our Airfare Analytics. Get in touch to schedule a one-to-one on-site meeting!
 

Visit the official website to find out more about the event.

Aviation Festival Asia

Aviation Festival Asia
Singapore
21-22 February

 

We are delighted to announce that our Team will participate in the Aviation Festival Asia, which this year will take place in Singapore.

The event will bring together key industry stakeholders and influencers to share ideas on the latest innovations changing the way Airlines and Airports do business in Asia.

The Aviation Festival Asia is real must-attend for those interested in understanding how the aviation industry in Asia has evolved during the last years.

 

Of course the event will also provide us with a unique opportunity to meet our customers and anybody interested in knowing more about our Airfare Analytics.
Get in touch to schedule a one-to-one meeting or a dedicated demo.

 

Visit the official website to know more about the event.

Routes Americas

Routes Americas
Las Vegas, Nevada
14-16 February

 

We are thrilled to announce that for the first time our Team will participate in Routes Americas!
 

Routes Americas is one of the regional Routes events and over the past years it has grown to become a crucial meeting point for a variety of aviation industry stakeholders. The upcoming edition is expected to be the biggest ever with over 800 delegates attending.
 

The delegates will represent airlines, airports, tourism authorities and solution providers from all over the region. Delegates will discuss how to develop new strategies, negotiate collaborations and share opinions on the future of air services. The INFARE Team is excited to have a chance to participate in the event and contribute with our solutions to support the work of Airports professionals all over the World.
 

Do not miss this opportunity to meet our experts and find out more about our Airfare Analytics. Get in touch to schedule a one-to-one on-site meeting!
 

Visit the official website to find out more about the event.