The revenue optimization module of Volantio’s Yana platform powers supplier controlled secondary marketplaces for airlines.
Airlines provide a benefit to flexible travelers on high demand flights who are willing to shift their travel schedules (these travelers are the “sellers”). This enables airlines to resell this inventory to passengers who want to travel on the high demand flight (the “buyers”).
Amadeus and Volantio announce a new partnership to help airlines optimize capacity and increase revenues
The process can be run either with the objective of driving incremental ancillary revenues (by enabling the resell of the seat), or to reduce operational costs (by betting managing oversold flights). However, a MAJOR tension exists in this entire flow. Airlines want to maximize the probability that sufficient number of passengers volunteer without annoying more passengers than necessary.
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Yana’s profit optimization module (which we call “YieldBoost”) drives incremental profit by: