In the highly competitive airline industry, effective fare distribution is the key to success in revenue management. It calls for thorough market analysis, understanding competitive pricing trends, airline strategies and market-specific nuances. These have to be factored in with agility, speed and accuracy, coupled with cost distribution and detailed analysis of all other revenue streams. Profitable revenue management thus hinges on speed-to-market, high first-time-right success rates, innovation and optimized productivity.
However, airlines face multiple challenges in fare distribution. Accuracy of fares, automation and analytics support, cost and productivity optimization, and retaining skillsets are just a few of them.
A Center of Excellence (CoE) framework thus plays a crucial role by providing proactive solutions through deep domain expertise, strong sustained resource management, powerful rule-based automation, best-in-class processes and cutting-edge technologies.
WNS’ Fare Filing CoE is a comprehensive, analytics-driven and automation-based framework to drive positive business outcomes in airline revenue management.
Snapshot of Fare Filing Accelerators