Airline innovator trials cutting-edge technology in an
effort to increase revenue, optimize workflow and streamline
the organization
TEL
AVIV, Israel, Sept. 29,
2022 /PRNewswire/ -- Azul Airlines, the largest
airline in Brazil by departures
and number of cities served, announced today that it became the
first to pilot Fetcherr's demand prediction and algorithm pricing
technology. Since incorporating Fetcherr's AI-native continuous
pricing optimization system into its existing revenue management
processes, Azul Airlines has already witnessed improved revenue
performance and optimized workflows.
"We are proud to be pioneers of change by being the first
airline to pilot truly innovative tech solutions," said
Abhi Shah, Chief Revenue Officer at
Azul Airlines. "We are excited that Fetcherr's platform will help
us maximize our revenue, optimize our operations and provide a
seamless, improved customer experience."
"The airline industry has tremendous opportunities when it comes
to continuous pricing and using real-time data for demand
predictions," said Roy Cohen, CEO
and Co-Founder of Fetcherr. "We are thrilled Azul Airlines has
begun experimenting with our technology. We hope they become the
catalyst for change."
Fetcherr's AI technology and continuous pricing model accurately
predicts demand using real-time, sophisticated models and
automatically provides pricing recommendations. The system is a
mature, live production system that scans the entire network 24/7
and optimizes pricing recommendations with justification to
generate significant hidden or lost revenue. The automation saves
manpower, can publish the fares directly to all distribution
channels and predicts demand in volatile times. Fetcherr's system
has proven to be successful in innovative, volatile markets such as
E-commerce and Algo-trading, and now, in conjunction with Azul
Airlines, is set to disrupt the untouched territory of the airline
industry.
About Fetcherr
Fetcherr is an Israeli company that
developed a proprietary AI-powered goal-based enterprise pricing
and workflow optimization system. Founded in 2019 by experts in
deep learning, Algo-trading, e-commerce and digitization of legacy
architecture, Fetcherr aims to disrupt traditional rule-based
(legacy) revenue systems through reinforcement learning
methodologies, beginning with the airline industry. For more
information, please visit https://fetcherr.io/.
About Azul Airlines
Azul S.A. (B3: AZUL4, NYSE: AZUL),
the largest airline in Brazil by
number of flight departures and cities served, offers more than 900
daily flights to more than 150 destinations. With a passenger
operating fleet of more than 160 aircraft and more than 13,000
crewmembers, Azul has a network of more than 300 non-stop routes.
In 2020 Azul was awarded best airline in the world by TripAdvisor,
the first time a Brazilian Flag Carrier ranked number one in the
Traveler's Choice Awards. For more information visit
www.voeazul.com.br/ir.
Media Contact:
Chad
Belisario
516.748.8957
cbelisario@5wpr.com
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SOURCE Fetcherr