Insights into the Total Inefficiency Cost of Airline Operations and the Impact of Data and Analytics on Cost Reduction and Avoidance
FOR IMMEDIATE RELEASE:
Press Contact:
Jacqui Holmes
Frost & Sullivan
jacqui.holmes@frost.com
SANTA CLARA, Calif. – November 5, 2019 – With growing passenger traffic and revenue per kilometer (RPK), airlines have to navigate increasing operational challenges. Issues like unplanned maintenance, network disruption, fuel overspend, etc., resulted in inefficiencies to the tune of $74 billion across the global industry in 2018. Frost & Sullivan estimates that data and analytics could have helped offset about $25 billion of this inefficiency and improved cost per available seat kilometer (CASK) by 0.27 cents in the process.
Join Frost & Sullivan’s Diogenis Papiomytis, Global Program Director, Commercial Aviation, and Milesh Gogad, Chief Marketing Officer, GE Aviation’s Digital Group, in the webinar, Navigating Through Turbulence: Capitalizing on Opportunities in the Aviation Industry on Thursday, 21 November 2019, at 2:00 pm GMT/ 8 am CT.
For more information and to register for the webinar, please visit http://frost.ly/3vc
“Airlines understand directionally that data and analytics can help them address operational inefficiencies. However, it is difficult to quantify these inefficiencies. No wonder then that the lack of a business case is a huge barrier to digital adoption,” said Papiomytis. “We estimate that data and analytics can help offset approximately $ 25 billion of global industry inefficiency costs of $ 74 billion. Cumulatively, this is the equivalent of improving industry operating margin from 5.8% to 8.9%.”
Key Takeaways:
1. Discover how much operational challenges cost the industry.
2. Understand which parts of these challenges can be realistically addressed by data and analytics.
3. Hear case studies of major airlines adopting digital technologies to address these challenges.
The event will also be recorded and available for on-demand viewing at http://frost.ly/1ti.
