Articles tagged “flyr”

In this recent webinar, FLYR’s head of artificial intelligence and machine learning explained how airlines can gather the right insights, update them continuously, and have them readily available to accurately predict changes and optimize revenue in the rapidly evolving air travel environment.

In this video conversation from the 2021 Skift Aviation Forum, we hear from Alex Mans, founder and CEO of FLYR Labs, and Dan Marcec, research editor at SkiftX, on how artificial intelligence and deep learning tech can give travel businesses crucial data insights to help make smarter and more profitable decisions.

The WestCap Group has led a $150 million round in Flyr, a startup that helps travel companies boost their revenue. "Mogul management" appears to be the new "revenue management."

Airlines have historically been cautious about adopting new technologies. So it's striking to hear any talk that carriers are buying new software during the pandemic-related revenue crisis.

Airlines need to shift from forecasting models that rely primarily on historical data to ones that analyze real-time demand. That's how Amazon and other e-commerce companies handle pricing. No wonder travel tech players PROS, Amadeus, Sabre, and Flyr spy an opportunity.

In the past nine months, a group of relatively low-profile startups began signing up brands like Expedia and United Vacations to the concept of layaway plans for buying travel.