FLYR Labs has helped bring airline revenue planning and pricing management into the age of artificial intelligence (AI) and data science.
The rapidly growing global company, headquartered in California, has developed The Revenue Operating System®, which applies advanced and intuitive technologies to some of the most difficult problems airlines face.
FLYR’s cloud-native solution uses complex global data to provide accurate forecasting for demand, revenue, load factor, and pricing. It leverages deep learning technology, a cutting-edge form of AI, to unify travel and transportation data, enabling smarter decision making for transportation leaders.
Applying this technology to airlines’ own data gives them greater context and better quality information and analysis, allowing them to improve operations, enhance commercial decision-making, and drive better outputs overall. The solution helps customers unlock business-wide revenue, even in the most unstable times.
The COVID-19 pandemic and the unprecedented airline operating environment it created proved the value of FLYR’s solution. With airlines facing new passenger requirements and unprecedented volatility in their markets, legacy systems and models built on historical data had only limited relevance.
In comparison, FLYR’s AI-driven Revenue Operating System allowed for the rapid development of new models to support forecasting and essential business decisions when airlines needed support the most.
“It’s an honor to be recognized by CAPA for the work we’re doing at FLYR to help airlines transform the way they do business,” said Alex Mans, founder and CEO of FLYR. “Our unique partnership with our customers has helped guide us toward building a solution that will change the travel and transportation industry. This award is a credit to our entire team and their hard work, ingenuity, and dedication to addressing our customers’ needs.”
CAPA – Centre for Aviation, Content & Marketing Director, Marco Navarria said: “FLYR Labs is a well-deserving winner of the CAPA Innovation of the Year. From humble beginnings to its development of The Revenue Operating System and work in bringing AI and deep learning into airline planning, FLYR Labs has proved itself a force in the industry.”
Read the full press release from CAPA here.
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