Latest news with #GDSs
Business Upturn
an hour ago
- Business
- Business Upturn
Air Astana partners with RateGain to boost pricing agility with AI-powered airfare intelligence
RateGain Travel Technologies Limited, a global leader in AI-powered SaaS solutions for the travel and hospitality industry, has announced a strategic partnership with Air Astana JSC, the largest airline group in Central Asia and the Caucasus regions. Air Astana, alongside its subsidiary FlyArystan, has selected RateGain's cutting-edge platform, AirGain, to enhance its airfare pricing strategy with real-time competitive insights. As Air Astana continues to expand its international and regional network connecting Kazakhstan to Europe, Asia, and the Middle East, the airline faces an increasingly complex pricing environment. The collaboration with RateGain's AirGain platform equips Air Astana's pricing and revenue management teams with accurate, real-time data. This enables faster, more confident decision-making, allowing the airline to respond swiftly to market fluctuations while safeguarding revenue and maintaining a strong competitive edge. Known for its operational excellence and modern fleet, Air Astana has consistently been recognized for its award-winning service. The airline recently clinched the title of 'Best Airline in Central Asia and CIS' for the 14th consecutive year at the 2025 Skytrax Awards. This partnership further solidifies Air Astana's commitment to adopting innovative technology solutions that drive efficiency and growth across its commercial operations. Unlike traditional fare tracking tools, AirGain offers Air Astana real-time visibility into competitor pricing across multiple channels, including airline websites, online travel agencies (OTAs), and global distribution systems (GDSs). This empowers the airline to monitor market trends, detect anomalies, benchmark fares, and react quickly to shifting market dynamics. By leveraging RateGain's AI-powered airfare pricing intelligence, Air Astana aims to enhance pricing agility, improve revenue management, and sustain its leadership position in the competitive aviation landscape of Central Asia and beyond. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Travel Weekly
24-07-2025
- Business
- Travel Weekly
American's Q2: Travel agency sales rebound is continuing
American Airlines says it has recovered close to three-quarters of the sales revenue share that it lost when it was aggressively pushing to drive bookings to its website, app and NDC-enabled channels. American has estimated that strategy, under which it pulled more than half of its fares out of the legacy GDSs and slashed corporate and agency sales support in 2023 and early 2024, cost it $1.5 billion in revenue last year. It also said that its industry share of indirect-sales revenue was down 11% from its historical average at its nadir, during the second quarter of last year. But for the second quarter that ended in June 2025, American's indirect sales share was off just 3% from its historical average, the carrier said. "We're really pleased with our performance getting back on track," CEO Robert Isom said during the airline's call Thursday to discuss its Q2 results. The improvement began after the airline abruptly reversed its strategy in late May of last year. Since then, American has re-engaged with corporations and the corporate and leisure agency communities by revamping its sales division with substantial hirings of account managers and sales staff. It also restored content to the GDSs. And American has made several customer-friendly changes to its AAdvantage Business program for small and midsized companies. Isom said American's corporate sales were up 10% in the second quarter, a number that compares favorably to the low single-digit increase reported by corporate travel juggernaut Delta. American said it expected to be down 2% from its historical indirect sales share in the current quarter and predicted it will achieve a full recovery by the end of the year. "I do believe the last few percentage points -- going to be hard," Isom said. "But I also think they're going to be the most profitable points we bring in." He said the airline believes it can eventually push ahead of its historical share level. American's Q2 results, by the numbers For the quarter, American reported net income of $599 million. Operating revenue was $14.4 billion, up 0.4% year-over-year and $110 million better than analyst expectations, according to the investment site Seeking Alpha. Operating expenses were up 2.4% year-over-year. American reported a pretax operating margin of 5.8% on operating income of $1.14 billion. American is guiding toward an operating margin for the current quarter of between -1% and 2%. Executives said that the carrier has been hurt more than United and Delta by the weak prices this year for domestic economy tickets due to its outsized proportion of domestic flying. But AA said it also expects tickets prices to inch upward beginning in August as airlines collectively reduce capacity and with demand on the upswing. American Airlines stock was down nearly 8% in midday trading.
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Business Standard
17-06-2025
- Business
- Business Standard
RateGain Travel shares gain 2% as company partners with Air Montenegro
RateGain Travel Technologies share price gained 2.3 per cent in trade on Tuesday, June 17, 2025, logging an intraday high at ₹438.75 per share on BSE. At 11:36 AM, RateGain shares were trading 1.52 per cent higher at ₹435.1 per share on the BSE. In comparison, the BSE Sensex was down 0.24 per cent at 81,601.19. The company's market capitalisation stood at ₹5,136.51 crore. Its 52-week high was at ₹856.5 per share and 52-week low was at ₹365 per share. Why are RateGain Technologies shares buzzing in trade? The stock was in demand after the company partnered with Air Montenegro, the national airline of Montenegro. According to the company filling, Air Montenegro has selected AirGain by RateGain - a globally trusted, AI-powered airfare pricing intelligence platform for gaining real-time competitive insights. Further, with AirGain's advanced airfare pricing intelligence, Air Montenegro will gain access to real-time competitor pricing data from both direct airline websites and indirect channels like OTAs and GDSs. OTA (Online Travel Agency) and GDS (Global Distribution System) are both platforms used in the travel and airline industries. The solution enables airline pricing teams to track route-level trends, spot anomalies, benchmark fare positions, and proactively respond to competitor moves — all within a single, intuitive dashboard. About Air Montenegro Air Montenegro is the flag carrier of Montenegro, based in Podgorica. Operating a modern fleet, the airline connects Montenegro to key destinations across Europe, contributing to the country's economic development and tourism growth. Learn more at About RateGain RateGain Travel Technologies is a global provider of AI-powered SaaS solutions for travel and hospitality that works with 3,200+ customers and 700+ partners in 100+ countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. RateGain today is one of the world's 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. Founded in 2004 and headquartered in India, today RateGain works with 26 of the Top 30 Hotel Chains, 25 of the Top 30 Online Travel Agents, 3 of the Top 4 Airlines, and all the top car rentals, including 16 Global Fortune 500 companies in unlocking new revenue every day.
Business Upturn
17-06-2025
- Business
- Business Upturn
RateGain partners with Air Montenegro to strengthen pricing strategy
By Aman Shukla Published on June 17, 2025, 10:59 IST RateGain Travel Technologies Limited, a global leader in AI-powered SaaS solutions for the travel and hospitality sector, has announced a strategic partnership with Air Montenegro, the national carrier of Montenegro. The airline has selected AirGain , RateGain's AI-driven airfare pricing intelligence platform, to optimize its pricing strategy and gain real-time competitive insights. Launched in 2021, Air Montenegro has rapidly grown its network, connecting key European destinations and supporting regional tourism and trade. With rising travel demand and a fast-evolving pricing environment, the airline is adopting a data-driven approach to revenue management. AirGain will provide Air Montenegro's pricing and revenue management teams with access to live competitor fare data from direct airline websites and third-party platforms, such as OTAs and GDSs. This will enable the airline to monitor route-level trends, detect pricing anomalies, benchmark fare positions, and respond to market changes quickly and confidently. The partnership will also give Air Montenegro access to AirGain's AI-powered Route Performance Digest , a first-of-its-kind feature that delivers daily route insights. This tool will help the airline further refine its pricing models and improve decision-making to maximize yield and load factors. This collaboration reflects Air Montenegro's commitment to delivering affordable and seamless travel experiences, while positioning itself for sustained growth in European and regional markets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Travel Weekly
14-05-2025
- Business
- Travel Weekly
Hawaiian Airlines scraps GDS surcharge
Hawaiian Airlines has done away with its GDS surcharge, as expected. Also, Hawaiian's interisland flights are once again available to book in legacy GDSs. The moves, implemented May 1, are part of the merger integration between Alaska Airlines and Hawaiian. Alaska Air Group completed its acquisition of Hawaiian last September. Alaska Airlines has never had a GDS surcharge. "We continue to identify areas across our combined organization that ensure we're delivering on our promises of increased benefits and greater value for our guests and partners," said a Hawaiian spokeswoman. Hawaiian's $7 GDS surcharge had been in effect since 2022, which is also when it removed interisland flights from GDS booking channels without New Distribution Capability (NDC).
