‘Optimising revenue in air cargo vital’
IATA’s 11th World Cargo Symposium in Abu Dhabi saw a conglomeration of leading players in air cargo management and operations. Mukundh Parthasarathy, Vice President-Cargo Solutions, Revenue Technology Services, shares the importance of revenue optimisatio
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The challenges of yields being down, over capacity in certain markets, competition from other modes, political winds working against trade deals and the slow pace are in my opinion challenges and trends in the market. Can you share the solutions to optimise revenue in cargo?
Most airlines have pulled out all stops to increase the revenues and margins in the last few decades. However, since adding new equipment is heavily capital intensive, the respective airlines have started looking into other areas for utilising every aspect of the owned assets, which in this case, are the airplanes.
The incremental revenue and margin can easily be accomplished by executing sophisticated revenue management and pricing solutions that take capacity, demand, yield, contract rates, spot rates, bid prices and allotments into consideration.
To help airlines accomplish the same, RTS Cargo solutions consists of RTS CargoProfitOpt, the revenue management solution and RTS CargoPriceOpt, the contract rate and spot rate optimisation solution.
Moreover, RTS is also ready with a RTS Foresight, a revenue planning tool which can help air cargo departments optimise schedules based on air cargo demand, plan annual revenue targets, set sales goals and track progress. How can logistics service EQORCPKGU DGPGſV YKVJ your solutions?
Air Cargo organisations have realised up to 10 per cent revenue improvement using our solutions. Enumerate on DQQUV HTQO e-commerce? The value proposition from e-commerce can be significant that can make or break an airline (for not participating).
RTS Foresight’s revenue planning tool can optimise schedules plan annual revenue targets, set sales goals and track progress