Technology Migration

By Keith Mwanalushi | Low Cost & Regional Airline Business

In November, South Korean LCC Jeju Air announced that it had chosen revenue management solution provider PROS to strengthen its revenue management capabilities. …

“We needed a revenue management system that offered flexibility to support our short- and long-term goals,” said MyungSeop Yoo, Chief Commercial Officer of Jeju Air. “We selected PROS revenue management to help our company grow as we expand our destinations and fleet. Beyond its best-in-class technology, PROS will play a strategic role in training our team on the latest revenue management best practices, which will enable us to accelerate our growth.” …

Aditi Mehta, Senior Product Marketing Manager, Travel at PROS tells Low Cost & Regional Airline Business that it is imperative that LCCs and other airlines improve their forecasting, automate processes and optimise business decisions to increase revenue.

“Identifying new revenue opportunities while operating in very competitive, cut-throat markets continues to be top-of-mind for low cost carriers. More of these airlines are seeing the benefits of science-based revenue management to make better business decisions, and directly impact their bottom line. Investing in the technology today not only drives immediate impact, but also ensures long term success,” Mehta suggests.

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