RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced today that Air Cairo, Egypt's second-largest carrier has selected AirGain to gather essential pricing insights and competitive intelligence data to speed up growth in a constantly evolving market.
Air Cairo, partly owned by the national carrier Egypt Air is a hybrid national airline with operations in over 40 cities worldwide, providing more than 300 weekly flights to 50 international and domestic destinations carrying over 20 million passengers in the last twenty years.
The team at Air Cairo has selected AirGain to obtain real-time price intelligence and the ability to respond promptly to changing market conditions, enabling them to optimize airfares in real-time and offer the best fares to its customers.
With market conditions changing dynamically, AirGain's AI-powered platform equips airline revenue and pricing teams with the most precise and dependable market insights, enabling them to construct a competitive pricing strategy in light of constantly changing market conditions. The user-friendly interface facilitates quicker decision-making and provides notifications of any changes in the market. Additionally, the platform offers real-time competitor insights across channels to reduce disparities and minimize revenue losses.
Commenting on the partnership, Mr. Hussein Sherif, CEO of Air Cairo, said, "For us to maintain our status as the preferred airline for all travelers, it is essential that we have a thorough understanding of the fares offered to customers on all digital platforms. To aid in this goal, AirGain's user-friendly interface offers us comprehensive and real-time insights into our market and competition, allowing us to make data-driven decisions and offer the best prices to our customers, ultimately leading to better revenue margins for Air Cairo."
Air Cairo has recently updated its fleet with the latest generation of Airbus A320 neo models taking the current Airplane tally to 24 fleets with the aim of having 30 new fleets by March of 2023. The airline currently operates in Europe and the Middle East, Africa, in addition to the Domestic network.
Vinay Varma, Senior Vice President, and General Manager, AirGain added, "We are thrilled to be working with Air Cairo and to expand our presence in the burgeoning African market. We acknowledge that there are substantial opportunities in Africa to implement technologies that can help airlines sustain long-term growth. Air Cairo's team recognized that AirGain is the ideal platform to address their current challenges and increase their market share in the future, and we eagerly anticipate providing them with the necessary assistance to achieve their goals."
AirGain is an easy-to-use and responsive SaaS solution by RateGain, created for commercial teams in airlines to help them make faster and better pricing decisions through its intuitive UI and accurate, real-time price intelligence at any time of the day, any number of times. To learn more about AirGain, visit https://airgain.ai
Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 371.20 as compared to the previous close of Rs. 374.25. The total number of shares traded during the day was 26136 in over 1664 trades.
The stock hit an intraday high of Rs. 383.45 and intraday low of 362.00. The net turnover during the day was Rs. 9840887.00.