
Cyprus Airways selects AirGain for competitive pricing intelligence
RateGain Travel Technologies announced that Cyprus Airways, the flagship carrier of the Republic of Cyprus, has selected AirGain, RateGain's advanced pricing intelligence platform for airlines, to gain real-time competitive insights. This strategic collaboration underscores Cyprus Airways' commitment to delivering affordable and seamless travel experiences across its expanding network in Europe and the Middle East.
With AirGain, Cyprus Airways will access real-time competitive pricing data from over 300 airlines and 50+ OTAs. This enables the airline to refine its pricing strategies, optimize promotions, and maintain leadership in the aviation market. By leveraging dynamic pricing and market trends, Cyprus Airways aims to deliver exceptional value to its customers while ensuring sustainable growth.

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India Gazette
5 days ago
- India Gazette
Air India enters 4 new interline partnerships for greater access to Europe and Central Asia
New Delhi [India], June 3 (ANI): Air India, India's leading global airline, on Tuesday announced that it has entered interline partnerships with four major airlines from emerging markets, significantly enhancing connectivity to Europe, particularly the Baltic region and parts of Eastern Europe and Central Asia. The partnerships will provide Air India guests seamless travel options to 16 more destinations across 6 countries in these regions while making India easier to access for the passengers of the respective partner airlines, the company said in a release. Air India signed these interline agreements with Airbaltic, Bulgaria Air, Cyprus Airways, and Uzbekistan Airways on the sidelines of the ongoing 81st IATA AGM in New Delhi, it said. The new partnerships further strengthen Air India's position as a global connector, enabling a passenger to travel across continents with a single-ticket itinerary that combines Air India flights with those of its partner airlines as well as coordinated baggage allowance & handling. The airline, airBaltic, provides access to Riga (Latvia), Tallinn (Estonia), and Vilnius (Lithuania) via Air India's European gateways at Amsterdam, Paris, Copenhagen, Frankfurt, London Gatwick, Milan-Malpensa, Vienna, Zurich, or Dubai. Bulgaria Air provides access to Sofia via Air India's gateways at London Heathrow, Paris, Amsterdam, Frankfurt, Milan, Zurich, and Tel Aviv, supporting travel to the vibrant Eastern European city. Air India guests can also make further connections from Sofia to other Bulgarian cities such as Varna and Burgas. Cyprus Airways provides access to Larnaca (Cyprus) via Air India's European gateways at Paris, Milan, and Dubai, opening one of the Mediterranean's key cultural and economic hubs for Indian travellers. Uzbekistan Airways provides access to Tashkent from Delhi, Mumbai, and Goa-Mopa (GOX), as well as further onward connections from Tashkent to Bukhara, Qarshi, Nukus, Urgench, Termez, Samarkand, Fergana, and Namangan. Conversely, Air India will provide convenient access to more than 30 Indian cities to the customers of its four artner airlines, including but not limited to Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Ahmedabad, Amritsar, Goa, and Kochi, the release added. 'These four new interline partnerships significantly enhance Air India's global reach and open seamless pathways to vibrant cities across some of the most important emerging markets of today,' said Nipun Aggarwal, Chief Commercial Officer, Air India. 'Our partnerships with airBaltic, Bulgaria Air, Cyprus Airways, and Uzbekistan Airways, bring more travel options and smoother journeys for our growing base of customers worldwide as well as reinforce India's rising status as a key global aviation hub.' (ANI)


Business Standard
26-05-2025
- Business Standard
RateGain Travel Tech gallops after Q4 PAT climbs 9.6% YoY
RateGain Travel Technologies jumped 8.69% to Rs 549.30 after the company's consolidated net profit rose 9.6% to Rs 54.81 crore while net sales increased 1.9% to Rs 260.69 crore in Q4 March 2025 over Q4 March 2024. Sequentially, the company's net profit dropped 3.1% while net sales fell 6.5% in Q4 FY25 over Q3 FY25. Profit before tax (PBT) stood at Rs 72.36 crore in Q4 FY25, up 10.6% year-on-year, but down 1% QoQ. EBITDA for Q4 stood at Rs 60.59 crore, up 11.7% YoY, but down 1.4% QoQ. EBITDA margin came in at 23.2%, higher than the 22.1% in Q3 FY25 and 21.2% in Q4 FY24. For the full year, net profit surged 43.7% to Rs 208.93 crore while net sales increased 12.5% to Rs 1076.67 crore in the year ended March 2025 over the year ended March 2024. PBT soared 44.1% year-on-year to Rs 272.23 crore in FY25 over FY24. EBITDA rose 22.3% to Rs 232.06 crore in FY25 over FY24. EBITDA margin stood at 21.6% in FY25, higher than 19.8% in FY24. The company's consolidated net cash from operating activities stood at Rs 119.97 crore in FY25, higher than Rs 151.81 crore in FY24. RateGain Travel Technologies is a global provider of AI-powered SaaS solutions for the hospitality and travel industry. The company today is one of the worlds largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business.


Business Standard
26-05-2025
- Business Standard
Rategain Travel Technologies consolidated net profit rises 9.58% in the March 2025 quarter
Sales rise 1.91% to Rs 260.69 crore Net profit of Rategain Travel Technologies rose 9.58% to Rs 54.81 crore in the quarter ended March 2025 as against Rs 50.02 crore during the previous quarter ended March 2024. Sales rose 1.91% to Rs 260.69 crore in the quarter ended March 2025 as against Rs 255.81 crore during the previous quarter ended March 2024. For the full year,net profit rose 43.70% to Rs 208.93 crore in the year ended March 2025 as against Rs 145.39 crore during the previous year ended March 2024. Sales rose 12.50% to Rs 1076.67 crore in the year ended March 2025 as against Rs 957.03 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 260.69255.81 2 1076.67957.03 13 OPM % 23.2421.21 - 21.5519.82 - PBDT 80.7474.99 8 307.16229.91 34 PBT 72.3665.45 11 272.23188.87 44 NP 54.8150.02 10 208.93145.39 44