IBS Software has announced Korean Air has deployed its iCargo platform that provides intelligent operational analytics to the airlines´ cargo pricing model with an integrated revenue management system that improves yields and boosts profitability, the company said.
The solution provides intelligent, intuitive analysis and algorithms, fully integrated to the core sales and booking system that delivers insight into critical commercial operations — allowing Korean Air to determine the selling price of capacity and ensure maximum profitability per shipment carried.
IBS developed the revenue management solution as an extension of its iCargo cloud platform deployed earlier this year by Korean Air, one of the top cargo carriers in the world by volume, to improve operational efficiency. Working in close collaboration with Korean Air to define its needs for this highly complex and business-critical function, IBS incorporated its full data analytics and machine learning capabilities to develop the solution.
IBS software delivers SaaS solutions that manage mission-critical operations for customers in the Aviation, Tour & Cruise and Hospitality segments. IBS solutions for the Aviation industry cover fleet and crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel & air-cargo management, making it the enterprise with the widest range of offerings for the aviation industry.