The switch has been flicked on and with it, launch customer, Qatar Airways Cargo, has become the first airline to go live with CargoTech member, Wiremind Cargo’s Revenue Management suite: CARGOSTACK Optimiser. The cargo carrier now benefits from unique AI-driven solutions supporting its revenue management innovation. Since early last year, the partnership between the airline and the software solution provider has seen stepwise solution rollouts for demand forecasting, inventory optimization, and overbooking recommendations, as well as a bid price machine learning model, more recently. CARGOSTACK is now delivering AI-generated recommendations to the various revenue management responsibles within Qatar Airways Cargo. It offers an intuitive user interface and a number of features that were developed in collaboration with the airline’s employees during the implementation phase. Examples are CARGOSTACK’s fully configurable business rules engine, and the overbooking strategy recommendation algorithm. “Both parties undertook extensive efforts to validate the machine learning models, including testing and iterating on multiple approaches to deliver significantly improved revenue results,” the release states, confirming that the partnership will continue to work on improving efficiency across air cargo processes.
Mark Drusch, Chief Officer Cargo at Qatar Airways Cargo, explained: “At Qatar Airways Cargo, our goal is to lead. The adoption of Wiremind Cargo’s CARGOSTACK Optimiser suite is a testament to our commitment to innovation and excellence. This partnership continues our leadership in employing technology by utilizing the most sophisticated AI solutions available to transform our revenue management processes. We are thrilled to have found a partner in Wiremind Cargo with whom we continue to closely collaborate, and who deliver and fine-tune their cutting-edge solutions at such an incredible speed.”
Nathanaël de Tarade, CEO of Wiremind Cargo, confirmed: “We are delighted to see Qatar Airways Cargo going live with our CARGOSTACK Optimiser suite, solidifying our partnership and shared vision for the future of air cargo. Our collaboration with Qatar Airways Cargo is a perfect example of how Wiremind Cargo’s advanced AI solutions can transform commercial operations. We are excited about this essential step in our partnership, and look forward to what’s next, including the release of our SKYPALLET Version 2 solution, which will further enhance commercial capabilities and operational efficiency.”
