Technology firm Amadeus has announced a new deal with tech start-up Volantio to develop its Yana platform which aims to help airlines better optimise both capacity and revenue.
Yana proactively identifies flexible passengers on full flights and provides them with an incentive (such as frequent flyer miles, travel vouchers, or upgrades) to voluntarily move to lower demand flights.
The platform automatically rebooks passengers who accept, and fulfills the selected incentive. Passengers are notified on their mobile devices, even days in advance of departure, to avoid last-minute hassles. The entire process is guided by machine learning in order to maximise profitability for airlines and improve the experience for travellers.
Yana improves both the management of oversold flights, and helps airlines improve overall revenue performance post booking. Volantio’s platform will complement Amadeus´ technology, giving airlines more options to boost revenue throughout the entire flight life cycle from the time the booking window opens until the flight departs.
“We are honoured and humbled to receive funding and to enter a commercial partnership agreement with Amadeus, a company that has been at the global forefront of travel technology innovation. Our company’s mission is to drive value for the travel industry while also making travellers better off. These agreements will significantly accelerate Volantio’s growth and ability to realize this mission, enabling more Altéa partners to go live with our platform faster. We’re so excited to get started,” said Azim Barodawala, CEO, Volantio.
Volantio already works with seven airlines including Qantas, Iberia, Alaska Airlines, Volaris, IndiGo and others.