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In today’s business environment - where passengers are increasingly focused on price – many airlines have needed to simplify their fare structures so that a single price per cabin is available at any one time. In response to this new business model, Navitaire has developed new forecasting and optimization models.

SkyPrice, as Navitaire’s price and revenue optimization system, is a powerful tool for tactical and strategic pricing and inventory analysis. SkyPrice simultaneously manages pricing and seat allocation decisions and provides optimal price and inventory recommendations.

With price sensitive forecast and optimization, SkyPrice will help your airline move from reacting to market forces to actually shaping them. The powerful science included in SkyPrice bolsters performance across all markets segments.

Price Sensitivity

  • Models price-demand relationship through use of multiple regression models
  • Models competitive price impacts

Optimization

  • Leg based optimization
  • Nonlinear Programming (NLP) formulation simultaneously optimizes both prices and inventory protection levels
  • Simultaneously determines the optimal price and authorization structure that maximizes revenue
  • Limited by user-specified minimums and maximums

Overbooking

  • Probablistic based overbooking
  • No-show forecasts
  • Recommendation override capability

Demand Forecast

  • Short-term and long-term forecast models capture the impact of current and historical trends
  • Unconstrained demand using state-of-the-art statistical methods
  • Influenced by special events and holidays maintenance
  • Analysts can choose history forecast used

Reporting & Performance Management

  • Standard performance reports
  • Ad hoc reporting functionality
  • Flight, market and system analysis

To learn more about how to take advantage of the latest developments in pricing optimization, download a fact sheet now.