Airlines
For airlines, improving budgeting and planning processes is a critical lynchpin in their efforts to maximize revenue opportunities and contain costs. An increasingly difficult operating environment require airlines to understand the ramifications of potential changes across their business—by using actual and market-relevant data to derive realistic and predictable results.
Traditional planning tools make it difficult to make informed decisions to capitalize on changes in the business and maximize profitability. How would expected regulatory changes affect the bottom line? How would a new route impact revenue? What if we cut per diem rates by five dollars?
CLARITY 6 and CLARITY FSR are comprehensive solutions with rich functionality used by Airlines around the world.
Industry-leading carriers rely on Clarity’s airline-specific capabilities to:
- Ensure excellence in low-cost operations
- Deliver an exceptional customer experience
- Increase revenue and passengers
- Improve alignment through the company
Excellence in low-cost operations
Airlines need better control and dynamic estimation capabilities to improve predictability and control of operating costs. Fluctuations and increases in operating costs can put unpredictable pressure on profitability. CLARITY 6 gives airlines the ability to create driver-based models that quickly allocate and estimate costs. For example, carriers use Clarity to create what-if scenarios to understand the actual impact of spiraling fuel costs on additional miles or potential new routes. They can see how changing fuel prices will affect the bottom line, and allow them to understand their sensitivity to these changes. By being able to model their business accurately, airlines can also avoid unexpected costs such as airport fees, additional per diems or cost overruns.
Leading airlines are also minimizing operating costs through the automation of a historically manual process: the creation of financial statements and other external reports. With CLARITY FSR, airlines can automate the external reporting process, resulting in lower costs while simultaneously reducing cycle times and the risk of errors. Airlines can now be more confident that their statutory and regulatory report submissions are accurate and on schedule.
Delivering an exceptional customer experience
With competition for passengers getting more intense, airlines can leverage Clarity’s powerful modeling capabilities to provide a consistently positive customer experience. For example, carriers can include key statistics such as actual average delay times at a particular airport in staffing what-if models to avoid stranded planes during a crew’s compulsory rest period. Clarity’s Balanced Scorecard gives carriers the ability to better plan for, measure, monitor and affect qualitative and quantitative customer satisfaction metrics. Clarity’s airline solution helps carriers understand the realities in their business to model their business accurately and make the adjustments needed to deliver the customer experience it wants.
Increase revenue and passengers
Not all routes are created equal. CLARITY 6 arms carriers with the data and visibility to create targeted incentives to ensure that a hard-won route is as profitable as possible and attracts the largest share of passengers available. Understanding the profitability and segments requires sophisticated tools that allow carriers to modify and report on data across many dimensions including different rollups for routes, lines of businesses or equipment types while accounting for variable conditions such as equipment type, jet stream, ASM and turnaround time. In addition, they must consider competitor’s fees for the same routes. This insight ensures that when expanding routes, airlines make the right investments for maximum profitability.
Improving alignment throughout the enterprise
The CLARITY 6 architecture and workflow delivers collaborative processes out of the box, helping airlines move beyond disconnected and static processes into real-time planning solution that is purpose-built for the airline industry. With Clarity, users spend more time on data analysis than on data input. Airlines can collaborate through the enterprise on a number of initiatives to improve performance. For example, if an airline targets turnaround time as an initiative, Clarity’s unified budgeting environment helps users throughout the chain model what-if scenarios, adjust operations with better predictability and forecast into the future with increased accuracy. All in real-time, with real data.