Airline launches platform to increase revenue, efficiency and customer experiences
Icelandair unlocks passenger flexibility wiith Volantio
Airline technology company Volantio has announced that Icelandair has launched its Revenue Rebook platform, which leverages machine learning to drive “greater efficiencies” for airlines and better experiences for customers.
Utilising machine learning, the platform identifies high demand flights, and designs customised offers to incentivise passengers to switch to lower demand flights.
This enables the airline to more efficiently use its resources while providing benefits to passengers for their travel flexibility.
Matthías Sveinbjörnsson, director of revenue management of Volantio, said: “I’m very excited to announce the recent launch of Revenue Rebook by Volantio for Icelandair.
“Our goal with this solution is to efficiently manage inventory, maximize revenue, and offer flexibility to our passengers.
“Volantio has been an invaluable partner in this journey, providing us with cutting-edge solutions and expertise to streamline our rebooking process.
“We’re confident that this collaboration will deliver a win-win for our airline and our loyal passengers,”
Volantio’s platform is said to provide airlines with a tool to more “efficiently” use their existing resources, flying more passengers without flying more aircraft.
“We are incredibly proud to launch our platform with Icelandair, one of the oldest airlines in the world with over 85 years of operation,” said Azim Barodawala, co-founder and CEO of Volantio.
“It is rare to find opportunities where airlines can both improve passenger experience and airline performance, and we are so excited to be able to provide a solution that does both - a true ‘win-win’.”