IBS Software's iCargo platform has overhauled Korean Air cargo pricing model by deploying an integrated revenue management system, to improve yields and boost profitability. An industry first, the solution provides intelligent, intuitive analysis and algorithms, fully integrated to the core sales and booking system that delivers unrivalled insight into critical commercial operations – allowing Korean Air to determine the selling price of capacity and ensure maximum profitability per shipment carried.
NOH SAM SUG, Head of Cargo & Senior Vice President, Korean Air cargo, said, "I am very pleased to announce the successful go-live of IBS' iCargo Revenue Management solution at Korean Air Cargo. I also take this opportunity to thank the teams from IBS and Korean Air who worked together to develop the integrated revenue management solution that will help Korean Air to better match the cargo supply and demand while improving profitability. Korean Air looks forward to partner with IBS Software in future opportunities related to cargo and other core airline business systems as well".
"At IBS we're thrilled to have such a progressive partner in Korean Air, a dominant player in the air cargo industry who is leaving no stone unturned in their quest to modernise their operations to boost profitability and deliver exceptional customer service," said Ashok Rajan, SVP & Head of Airline Cargo Services, IBS Software.
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