🌟 We’re proud to announce another major #milestone in our expansion: Fetcherr is now partnering with WestJet ✈️ 🚀 This new partnership brings Fetcherr’s advanced Generative AI #Pricing Engine and Large Market Model (LMM) to WestJet in enhancing #operations and driving #revenue generation. 📈 John Weatherill, EVP & Chief Commercial Officer at WestJet: “With Fetcherr, we’re elevating our digital strategy to improve affordability and operations.” Roy Cohen, CEO of Fetcherr: “We are thrilled to work together with WestJet to redefine the airline industry by unlocking its full potential through innovation”. 🚀 Excited to revolutionize the airline industry one flight at a time 🛫 Read more 👉 https://lnkd.in/dvrgCUvU #Fetcherr #AI #AirCommerce #Innovation #DynamicPricing #WestJet #TravelTech 🌍
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The Role of AI at easyJet's New Control Centre EasyJet has embraced artificial intelligence (AI) to streamline its operations. The implementation of Jetstream, a generative AI tool, at its new control centre near Luton Airport, Bedfordshire, marks a pivotal moment in the airline's efforts to optimize flight management and operational efficiency. Jetstream, the generative AI tool, has revolutionized the way easyJet's control centre operates. By providing real-time insights and predictive analytics, Jetstream enhances decision-making processes and operational outcomes. Key functionalities of Jetstream include: Predictive Crew Management: One of Jetstream's standout features is its ability to forecast standby crew requirements accurately. By analyzing various factors, such as current schedules, weather conditions, and crew availability, the AI can recommend the best crew options for each flight operation. This proactive approach minimizes delays and ensures that flights are adequately staffed, thereby improving overall punctuality and reliability. Issue Resolution: For pilots and ground crews, Jetstream offers swift solutions to emerging issues. Whether it's addressing unexpected maintenance needs or managing last-minute schedule changes, the AI tool provides actionable recommendations that enable quick resolutions. This capability is particularly beneficial in maintaining smooth operations and minimizing disruptions. Optimizing Aircraft Allocation: Jetstream assists in matching the right aircraft to the right demand. By analyzing passenger bookings, route profitability, and aircraft availability, the AI ensures that easyJet can maximize efficiency and customer satisfaction. This intelligent allocation helps in better resource utilization and reduces operational costs. Reducing Food Waste: By analyzing past consumption patterns and current flight loads, the AI tool helps in making precise predictions about food and beverage requirements. This reduces waste and ensures that passengers have access to their preferred options. Predictive Maintenance: Jetstream aids in predictive maintenance decisions by monitoring aircraft performance and identifying potential issues before they become critical. This proactive approach to maintenance helps in reducing downtime and extending the lifespan of the fleet. Enhancing Passenger Communication: Effective communication is vital in the airline industry. Jetstream's real-time data analytics enable the control centre staff to provide timely and accurate information to passengers, enhancing their travel experience and maintaining high levels of customer satisfaction. The integration of Jetstream into easyJet's control centre represents a significant advancement in the airline's operational capabilities. By leveraging AI, easyJet has not only enhanced the efficiency and flight management but also improved its ability to respond to dynamic operational challenges. #Feydin #easyjet #AI #innovation #performance
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Jet.AI Inc. (NASDAQ: JTAI) has introduced an innovative AI-powered tool, Reroute AI, designed to optimize private jet travel by leveraging empty leg flights. This new technology cross-references thousands of empty legs from hundreds of operators each time a jet card customer requests a trip, offering potential cost savings. Mike Winston, Founder and Executive Chair of Jet.AI, explained, “Jet Card customers can now take advantage of AI to score a Reroute and save money. Empty legs rarely align with customer needs, but reroutes often do. A reroute is a slight tweak to the flight plan of an empty leg, booked at a price between an empty leg and a new charter.” The Reroute AI software functions in three key steps: it identifies opportunities, suggests a price to the operator, and allows for a smooth rerouted booking. This ensures that customers can enjoy a more cost-effective travel option without compromising on convenience or flexibility. #AvfoilNews #JetAI #RerouteAI #PrivateJetTravel #AIInnovation #EmptyLegs #JetCard #AviationTechnology #CostSavings #LuxuryTravel
Jet.AI reveals ai powered empty leg tool
avfoil.com
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Delta Air Lines is embracing AI technology for faster and more efficient reservations and pricing strategies. CEO Ed Bastian highlighted the use of AI to significantly reduce customer hold times, aiming to streamline the reservation process. Delta is also using AI to optimize pricing for premium products, marking a significant shift in airline operations management. https://hubs.ly/Q02cx60S0
Delta Is Using AI For Pricing and Reservations
skift.com
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#Airlines were first to develop and use #revenue and #yield management systems decades ago (early 1980s!) that inspired #hotel businesses pricing practices, with a notable delay. Airlines today still seem to be strong in their pioneering ways, introducing #ai driven new technologies to further develop pricing and reservations strategies. I hope hotels will follow suit asap this time ! ⏳🛫 P.s.: I love this picture of Delta Air Lines selected by Skift here
Delta Air Lines is embracing AI technology for faster and more efficient reservations and pricing strategies. CEO Ed Bastian highlighted the use of AI to significantly reduce customer hold times, aiming to streamline the reservation process. Delta is also using AI to optimize pricing for premium products, marking a significant shift in airline operations management. https://hubs.ly/Q02cx60S0
Delta Is Using AI For Pricing and Reservations
skift.com
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Head of Sales @ Hooloovoo | We can support you with BigData | DevOps | Microservices | Payment | AML | KYC | Frontend and Backend | Helping Businesses adopt AI | Partner for businesses handling large amounts of data
Putting in the context my two favorite industry verticals, tech and aviation is actually not hard, not only because I have spent in those industries around 15 years in total, but because they are complement and they support each other on any way possible. #aviation and #tech have been so interconnected in the last 20-30 years that tech has shaped the airline business in a way that could not have been imagined just a decade ago. When I started my career in the airline industry in 2006, the entire world still used manual tickets, written on paper, and fares calculated manually. I remember we had a two-week ticketing/fares training, just to understand the basics of the process. Imagine the collection of #data at that time...and #bigdata is a crucial part of the industry...either it’s related to revenue management, forecasting that uses historic data, fare calculations, budgeting, or aircraft data collected from every single flight that helps to understand the economics, safety, and route calculations. Data is key ingredient for every aspect of the aviation business and all topics related to #AI and how it can support business, make it more efficient and automated, are starting from data usage and understanding. With all meta searches in place, GDSs, implementation and migration to NDCs, trends are clear and more accurate, targeted and tailor-made offerings for passengers come from huge amounts of data and understanding how it can be used on most efficient way. AI in those processes can have a pivotal role and make them faster and easier to understand. One of the best examples of how data can be used and provide benefits to everyone in the process is Flightradar24. Millions of users are tracking flights and don’t forget, there are close to 100,000 flights every single day on this planet, so imagine the amount of data that you can play with 🛩 As we in HOOLOOVOO Global like to say, AI is just a tool, you still need a hand, but a hand that knows how to use the power of AI. That is the reason why our tech teams are very much focused on BigData and why we have adopted AI-forward culture within our company, to understand better and learn how to use it in order to help others to demystify and adopt AI on most efficient way. #ai #bigdata #tech #aviation #hooloovoo
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Leveraging AI and ML for Advanced Aviation Strategies In the rapidly evolving aviation sector, artificial intelligence (AI) and machine learning (ML) are transforming not just pricing and customer service, but also offering groundbreaking insights for route planning and dynamic adjustments based on customer behavior. Dynamic Pricing with AI Precision: AI-driven systems utilize comprehensive data analysis, including consumer trends, market conditions, and competitor pricing, to implement real-time fare adjustments. This approach not only maximizes revenue by optimizing seat occupancy but also caters to a broader range of passengers by making air travel more economically accessible. Enhancing Revenue Management: Through predictive analysis, ML models accurately forecast booking trends, drawing from historical data to predict future demand. This predictive capability allows airlines to finely tune seat inventory, aligning flight capacity with expected demand to mitigate risks associated with overbooking or flying with empty seats. Personalized Customer Experiences: AI and ML shine in identifying individual customer preferences, enabling airlines to offer tailored recommendations, bespoke in-flight entertainment options, and customized service enhancements. This level of personalization fosters deeper customer loyalty and satisfaction, setting new standards in the travel experience. Operational Excellence and Efficiency: The application of AI and ML extends beyond customer-facing features, contributing significantly to operational efficiency. Predictive maintenance, optimized flight paths, and fuel consumption analysis are just a few areas where AI and ML drive improvements, leading to significant cost savings and environmental benefits. Revolutionizing Route Planning with AI Insights: Beyond individual flights, AI and ML provide invaluable insights for strategic route planning. Analyzing patterns in customer behavior, seasonal demand, and global events allows airlines to dynamically adjust routes and schedules, ensuring that services are aligned with actual passenger needs. This dynamic route planning capability enables airlines to open new routes or adjust frequencies with confidence, offering services that are not only profitable but also highly valued by travelers. In essence, AI and ML are redefining the aviation industry, offering strategies that enhance profitability, improve customer satisfaction, and streamline operations. By embracing these technologies, airlines can navigate the complexities of modern travel, delivering unparalleled value to both passengers and industry stakeholders. #AviationTech #AI #RevenueManagement #Pricing #MachineLearning #DynamicPricing #Personalization #OperationalEfficiency #RouteOptimization #TravelInnovation
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TheCargoBlog.com | Management Studies from Oxford Brookes University, England and Cargo Marketing from IATA, Geneva
Global Trends and the Future of AI in Air Cargo | Exploring the Role of AI in the Future of Air Cargo https://lnkd.in/gjhbzkEV The global trends in AI in air cargo are rapidly shaping the future of the aviation industry. The impact of AI on automated flight operations, predictive maintenance, and optimization of air traffic management is undeniable. Additionally, the use of AI-powered chatbots and virtual assistants is revolutionizing customer service in the air cargo industry. The potential for autonomous aircraft and the continued integration of AI are set to enhance efficiency and safety in air cargo operations. From real-time tracking to route optimizations, AI is redefining the way air cargo is being handled. The ability to make informed decisions based on real-time data and continual learning is a game-changer for the aviation industry. Integrating AI into air cargo operations is a business necessity to stay ahead in the logistics industry. As we move forward, it's essential to recognize the profound impact of AI in transforming business models and enhancing the overall customer journey. AI is not only about technology but also about maintaining a human touch while leveraging smart technologies to improve operational efficiency and customer satisfaction in the air cargo industry. The future of AI in air cargo is bright, and it is poised to bring about significant advancements in the aviation sector. Explore Further at my article at https://lnkd.in/gjhbzkEV #TheCargoBlog thecargoblog.com
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What does generative AI mean for airlines… and for us? From personalised customer assistants to optimised flight scheduling and revenue management, AI is transforming how airlines work and interact with their customers. But what does this mean for our industry, and how can we harness the power of generative AI to stay ahead of the curve? The adoption of AI in airlines and travel companies means you’re working alongside intelligent systems that can: - Provide 24/7 customer support and personalised travel recommendations - Automate routine tasks - Offer real-time updates and proactive solutions for flight disruptions These advancements can benefit you and your clients in numerous ways, including: - Faster resolution of flight disruptions and proactive support - Increased efficiency and reduced wait times - Freeing you up to offer real (human) support as and when your clients need it While AI systems will certainly change how we work, they're designed to augment our capabilities, not replace them. By understanding these developments, you can better advise your clients and offer solutions to meet their evolving needs, providing the human expertise they need to navigate new technologies. Click the link for more about how airlines are integrating AI into their operations: https://bit.ly/4c50nkN #ASATA #TravelAgents #TravelIndustry #AITravelTech
How airlines are evolving their operations with generative AI
phocuswire.com
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At some point in the near future, GenAI solutions will fundamentally disrupt the airline maintenance industry. In a just-released article, my colleagues examine how airlines and related companies can get the basics of GenAI right to help improve productivoty and ease labor shortages.
The generative AI opportunity in airline maintenance
mckinsey.dsmn8.com
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Co-Founder & Chief Strategy Officer Fetcherr LTD | AI Based Decision-Making | Revolutionizing Pricing Strategies and Demand Prediction
2moExciting Times! 🌐