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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

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 used in forecast
  • Ability to specify alternate history in new markets

Overbooking

  • Probablistic based overbooking
  • No-show forecasts
  • Recommendation override capability
  • Ability to allow and disallow overbooking of last flight of day and set maximum overbooking levels

Analysis & Decision Support

  • Displays all flights for a market departing on a specific calendar date
  • Lists all optimized flights for a specified market and departure date range
  • Shows all flights for the selected market(s) comparing your lowest price to your competitor's lowest price
  • Gives ability to define rules for identifying flights to manage and save for future reference
  • Supports display of competitor fares provided by third party vendors

Optimization

  • Leg based optimization
  • Support for hybrid fare structures with mixture of segmented and un-segmented fares
  • Simultaneously determines the optimal price and authorization structure that maximizes revenue
  • Capability to define additional optimization constraints/inputs - target load factor, non-decreasing fare policy, fully variable cost and ancillary revenue

Reporting & Performance Management

  • Standard performance reports
  • Ability to schedule and email reports
  • Ad hoc reporting functionality
  • Bucket, flight, market and system analysis
  • Tracking of user and AU history
  • Rich graphing and export capabilities

Revenue & Inventory Control

  • Allows to override inventory allocations on individual flights within Price Optimization Worksheet
  • Mass AU accept and override capability
  • Ability to accept and clone AUs, close, open, or re-open flights automatically based on user-defined rules
  • Capability to control advance purchase

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