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IATA Explained: The Role of International Air Transport Association in the Aviation Industry

Altexsoft

IATA or the International Air Transport Association is a global trade association of airlines (both freight and passenger carriers) that regulates the aviation industry by developing standards, procedures, and practices. As of today, its members are 290 airlines in 120 countries comprising around 82 percent of total air traffic.

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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

Altexsoft

For the record, the business developed into a global company operating its airline and dealing with multi-million revenue streams, went through a compulsory liquidation in 2019, and was relaunched as an online-only travel agency in 2020. Tour operator technology solutions. Connecting to suppliers.

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Building a Better Middleman

O'Reilly Media - Ideas

If you constantly review how the two parties interact, you can look for opportunities to mitigate their risk, create new services, or otherwise reduce friction. Note how eBay’s review system provides extra assurance for buyers and sellers to trade with people they’ve never met. Use technology as a force multiplier.

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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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Expedia Partner Solutions for Travel Agencies: Expedia TAAP, Templates, and EPS Rapid API

Altexsoft

500+ airlines. For those who are new to the industry, they recommend cooperating with a host agency to gain industry experience necessary for developing agency trade and, eventually, obtaining the required credentials. Template solutions: ready-built booking technology. 25K+ activities and attractions. 150+ car rentals.

Travel 52
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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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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? For instance, an airline can secure itself from bad sales during a low-demand season or before an upcoming departure day by putting tickets on sale.