Kiwi.com has been chosen as data supplier for Airbus subsidiary Skytra.
The OTA will provide Skytra’s flight ticketing database with more than 20 billion price checks per day on its platform and those of its partners, fed by connections to Global Distribution Systems (GDS) and direct Application User Interfaces (APIs) with most airlines worldwide.
Skytra has developed a method, for which a patent is pending, to match the offered ticket pricing from Kiwi.com with transaction data received from the International Air Travel Association (Iata).
It says the resulting flight ticketing information database is the world’s largest, and allows Skytra to take individual ticket-level detail and aggregate it into “insightful data” for air travel companies and financial institutions.
Skytra said the air travel industry is “hungry for insights as it navigates the Covid-19 pandemic” and claims to have built a suite of data-led intelligence tools covering airline revenue, pricing and forward bookings, areas is says the market has traditionally had limited visibility.
The new product line, called Airtyx, draws from the Skytra database which covers flights provided by hundreds of airlines globally, giving granular insights to airline revenue managers, investors and analysts on future company performance relative to industry peers.
Airports and tourism organisations can use Skytra’s ticket level data for planning as Covid-19 travel restrictions ease.
Skytra said it anticipates the UK’s Financial Conduct Authority will decide, in the third quarter of this year, on its application to be the regulated Benchmark Administrator for the family of global air travel Price Indices that it has developed.
The company aims to enable the air travel industry to manage revenue risk for the first time through a new class of financial instruments priced by these indices.
Mark Howarth, Skytra chief executive, said: “Kiwi.com’s price checks are a key data input which helps make our ticketing database so unique and powerful. Covid-19’s devastating impact on the air travel industry has created a huge appetite for the granular data and insights our new business intelligence product – Airtyx – can provide. More longer term, the pandemic has highlighted the urgency of bringing risk management tools to market as the air travel industry starts to re-build.”
Oliver Dlouhý, Kiwi.com chief executive, added: “We originally built our unique flight data acquisition and processing platform to solve the consumers’ problem of how to get from A to B in the most efficient way possible. We are pleased that our sophisticated technology will now also provide the right solutions for the whole industry.”