Latest news with #GDSs
Travel Weekly
5 days ago
- Business
- Travel Weekly
American's Q2: Travel agency sales rebound is continuing
American Airlines says it has recovered close to three-quarters of the sales revenue share that it lost when it was aggressively pushing to drive bookings to its website, app and NDC-enabled channels. American has estimated that strategy, under which it pulled more than half of its fares out of the legacy GDSs and slashed corporate and agency sales support in 2023 and early 2024, cost it $1.5 billion in revenue last year. It also said that its industry share of indirect-sales revenue was down 11% from its historical average at its nadir, during the second quarter of last year. But for the second quarter that ended in June 2025, American's indirect sales share was off just 3% from its historical average, the carrier said. "We're really pleased with our performance getting back on track," CEO Robert Isom said during the airline's call Thursday to discuss its Q2 results. The improvement began after the airline abruptly reversed its strategy in late May of last year. Since then, American has re-engaged with corporations and the corporate and leisure agency communities by revamping its sales division with substantial hirings of account managers and sales staff. It also restored content to the GDSs. And American has made several customer-friendly changes to its AAdvantage Business program for small and midsized companies. Isom said American's corporate sales were up 10% in the second quarter, a number that compares favorably to the low single-digit increase reported by corporate travel juggernaut Delta. American said it expected to be down 2% from its historical indirect sales share in the current quarter and predicted it will achieve a full recovery by the end of the year. "I do believe the last few percentage points -- going to be hard," Isom said. "But I also think they're going to be the most profitable points we bring in." He said the airline believes it can eventually push ahead of its historical share level. American's Q2 results, by the numbers For the quarter, American reported net income of $599 million. Operating revenue was $14.4 billion, up 0.4% year-over-year and $110 million better than analyst expectations, according to the investment site Seeking Alpha. Operating expenses were up 2.4% year-over-year. American reported a pretax operating margin of 5.8% on operating income of $1.14 billion. American is guiding toward an operating margin for the current quarter of between -1% and 2%. Executives said that the carrier has been hurt more than United and Delta by the weak prices this year for domestic economy tickets due to its outsized proportion of domestic flying. But AA said it also expects tickets prices to inch upward beginning in August as airlines collectively reduce capacity and with demand on the upswing. American Airlines stock was down nearly 8% in midday trading.
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Business Standard
17-06-2025
- Business
- Business Standard
RateGain Travel shares gain 2% as company partners with Air Montenegro
RateGain Travel Technologies share price gained 2.3 per cent in trade on Tuesday, June 17, 2025, logging an intraday high at ₹438.75 per share on BSE. At 11:36 AM, RateGain shares were trading 1.52 per cent higher at ₹435.1 per share on the BSE. In comparison, the BSE Sensex was down 0.24 per cent at 81,601.19. The company's market capitalisation stood at ₹5,136.51 crore. Its 52-week high was at ₹856.5 per share and 52-week low was at ₹365 per share. Why are RateGain Technologies shares buzzing in trade? The stock was in demand after the company partnered with Air Montenegro, the national airline of Montenegro. According to the company filling, Air Montenegro has selected AirGain by RateGain - a globally trusted, AI-powered airfare pricing intelligence platform for gaining real-time competitive insights. Further, with AirGain's advanced airfare pricing intelligence, Air Montenegro will gain access to real-time competitor pricing data from both direct airline websites and indirect channels like OTAs and GDSs. OTA (Online Travel Agency) and GDS (Global Distribution System) are both platforms used in the travel and airline industries. The solution enables airline pricing teams to track route-level trends, spot anomalies, benchmark fare positions, and proactively respond to competitor moves — all within a single, intuitive dashboard. About Air Montenegro Air Montenegro is the flag carrier of Montenegro, based in Podgorica. Operating a modern fleet, the airline connects Montenegro to key destinations across Europe, contributing to the country's economic development and tourism growth. Learn more at About RateGain RateGain Travel Technologies is a global provider of AI-powered SaaS solutions for travel and hospitality that works with 3,200+ customers and 700+ partners in 100+ countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion. RateGain today is one of the world's largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business. Founded in 2004 and headquartered in India, today RateGain works with 26 of the Top 30 Hotel Chains, 25 of the Top 30 Online Travel Agents, 3 of the Top 4 Airlines, and all the top car rentals, including 16 Global Fortune 500 companies in unlocking new revenue every day.
Business Upturn
17-06-2025
- Business
- Business Upturn
RateGain partners with Air Montenegro to strengthen pricing strategy
By Aman Shukla Published on June 17, 2025, 10:59 IST RateGain Travel Technologies Limited, a global leader in AI-powered SaaS solutions for the travel and hospitality sector, has announced a strategic partnership with Air Montenegro, the national carrier of Montenegro. The airline has selected AirGain , RateGain's AI-driven airfare pricing intelligence platform, to optimize its pricing strategy and gain real-time competitive insights. Launched in 2021, Air Montenegro has rapidly grown its network, connecting key European destinations and supporting regional tourism and trade. With rising travel demand and a fast-evolving pricing environment, the airline is adopting a data-driven approach to revenue management. AirGain will provide Air Montenegro's pricing and revenue management teams with access to live competitor fare data from direct airline websites and third-party platforms, such as OTAs and GDSs. This will enable the airline to monitor route-level trends, detect pricing anomalies, benchmark fare positions, and respond to market changes quickly and confidently. The partnership will also give Air Montenegro access to AirGain's AI-powered Route Performance Digest , a first-of-its-kind feature that delivers daily route insights. This tool will help the airline further refine its pricing models and improve decision-making to maximize yield and load factors. This collaboration reflects Air Montenegro's commitment to delivering affordable and seamless travel experiences, while positioning itself for sustained growth in European and regional markets. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Travel Weekly
14-05-2025
- Business
- Travel Weekly
Hawaiian Airlines scraps GDS surcharge
Hawaiian Airlines has done away with its GDS surcharge, as expected. Also, Hawaiian's interisland flights are once again available to book in legacy GDSs. The moves, implemented May 1, are part of the merger integration between Alaska Airlines and Hawaiian. Alaska Air Group completed its acquisition of Hawaiian last September. Alaska Airlines has never had a GDS surcharge. "We continue to identify areas across our combined organization that ensure we're delivering on our promises of increased benefits and greater value for our guests and partners," said a Hawaiian spokeswoman. Hawaiian's $7 GDS surcharge had been in effect since 2022, which is also when it removed interisland flights from GDS booking channels without New Distribution Capability (NDC).
Scoop
02-05-2025
- Politics
- Scoop
NZ Government Department Strategies Fall Short, McGuinness Institute Research Finds
Press Release – McGuinness Institute McGuinness Institute urges overhaul for government department strategies, with over half of government plans failing to mention climate change, inter-agency collaboration decreasing and strategies scoring low on transparency. The New Zealand government has an opportunity to be a world leader in coordinated strategic governance. The country's small size and democratic principles make it uniquely positioned to focus on strategies for the future that are clear, transparent and collaborative. However, an independent analysis of government department strategies (GDSs) by think tank McGuinness Institute shows that government departments continue to fall short, with concerning results in a number of areas. The 2024 GDS Index has found that New Zealand's strategic leadership is not improving over time. The latest findings show low scores in transparency, a decrease in collaboration between departments, and over half of GDSs failing to mention (let alone plan for) climate change. Wendy McGuinness, Chief Executive of the Institute, says this is a concern because 'GDSs cost a significant amount of public money and have the potential to shape New Zealand's future'. The 2024 GDS Index Handbook, which the Institute publishes on a regular basis, contains a detailed analysis of each department's strategies. Central register required The Institute launched the GDS Index in 2014, and over the past decade has invested thousands of hours in an effort to improve transparency and accountability in the public sector. 'We hoped the project would inspire department chief executives to work together to provide a public register of operational and archived GDSs,' says McGuinness. 'Coordinating a central register will improve public access to these important documents, as well as improving strategic coordination between different departments.' However, the project has yet to lead to any meaningful change. 'So far it has been very discouraging,' says McGuinness. 'We have not seen any changes to how government department strategies operate in New Zealand. We have not been able to get traction on the idea of centralising the way they're managed, or even acknowledgement that this is important work for Ministers to oversee, and department chief executives to execute.' Key findings The 2024 GDS Index analysed all 195 GDSs in operation as at 31 December 2024 in order to highlight key aspects of the government's policy direction and priorities. Key findings include: 1. Over half of GDSs failed to mention climate change. More than half of GDSs (105 of 195) failed to include any reference to climate change. Unfortunately there has been little increase in the consideration of climate change since the previous Index, which is surprising given Parliament's acknowledgement of a climate emergency. 2. There is a notable decrease in collaboration between departments. The 2024 GDS Index found 27 GDSs were held with another department (compared with 37 in the 2023 GDS Index). This suggests there is less cooperation between government departments, which may lead to inefficiencies and inconsistencies. (Note that if a strategy is managed jointly by two departments, the Index treats it as two GDSs.) 3. GDSs continue to fail on core transparency elements. The Institute scores each GDS on transparency, measuring the extent the document reports on opportunities and threats, capabilities and resources, purpose, strategy, implementation and accountability, and alignment and authority. The strategy with the highest score was Aotearoa New Zealand's First Emissions Reduction Plan, with a score of 90 (out of a total of 96). At the lower end of the 2024 rankings: • 14 departments had an average transparency score of 50 or less (out of a total of 96), and • 10 GDSs (out of the 195) had a score of 20 or less. Only 6% scored 80 or above. Future outlook 'GDSs are an important policy instrument, but a central, accessible register that collates all GDSs is urgently needed,' says Wendy McGuinness. 'Greater coordination between departments, better feedback from stakeholders, and improved accountability will not only reduce costs but also amplify benefits.' As departments prepare strategies this year, McGuinness hopes they focus on improving their transparency scores. 'For New Zealand to be a stable and progressive democracy, it is critically important that government policies and practices are easy to access, understand and engage with.' The Institute encourages policymakers and the public to engage with the full 2024 GDS Index, which is available now at About the McGuinness Institute: The McGuinness Institute is a non-partisan think tank working towards a sustainable future for New Zealand. The Institute applies hindsight, insight and foresight to explore major challenges and opportunities facing New Zealand over the long term. We are committed to positively influencing public policy by empowering New Zealanders to have the uncomfortable, but necessary, conversations that are required to enable New Zealand to realise its potential.
