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Revenue Technology Services (RTS) announced that Air Canada, the largest airline of Canada by fleet size, passengers and cargo carried, has gone live with the RTS Foresight solution in the cargo division.
Air Canada Cargo has completed the implementation of the revenue planning and sales budgeting solution, Foresight. Foresight considers schedules, capacity, demand, routes, equipment characteristics and shipment characteristics to find the value of schedules, set annual revenue targets for the air cargo organization along with sales target and tracking for the sales team at flight, origin-destination and market level. With this, Air Canada Cargo joins the growing cargo community at Revenue Technology Services. This also reflects the thought leadership demonstrated by both of the companies to jolt the normal standards and make drastic improvements to how air cargo is managed in the industry.
“We are proud to partner with Air Canada Cargo in implementing the industry’s first automated revenue planning and sales budgeting solution. With this, RTS becomes the first vendor to offer a full end to end marketing and planning solution that covers business functions such as schedule evaluation, revenue planning, sales budgeting, contract and spot rates negotiation, and revenue management,” said Raja Kasilingam, president of RTS.
“We are super pleased that Air Canada Cargo picked Foresight to automate revenue planning and sales budgeting. I look forward to a long and fruitful partnership with them,” added Mukundh Parthasarathy, senior vice-president of RTS.
“I’m thrilled to have partnered with RTS in our continuous pursuit to optimize our revenue and capacity utilization. RTS Foresight provides us with the ability to efficiently plan, forecast and enhance profitability in an agile way and provides further insight into multiple network opportunities, enabling us to unlock additional network value from our existing schedule touching all six continents,” explained Matthieu Casey, director, Cargo Revenue Management and Business Strategy, Air Canada.