Qatar Airways Cargo goes live with Wiremind Cargo’s CARGOSTACK Revenue Management suite
Qatar Airways Cargo, the world’s leading cargo carrier, has made a significant leap in revenue management innovation by officially launching CARGOSTACK Optimiser, the Revenue Management suite of Wiremind Cargo, a member of Cargo Tech. As the first airline worldwide to go live with this solution, Qatar Airways Cargo positions itself at the forefront of the industry, leveraging the most advanced AI-driven solutions. In the wake of both parties partnering in early 2023, a range of solutions for demand forecasting, inventory optimisation, and overbooking recommendations have been steadily rolled out, until the most recent implementation of a bid price machine learning model.
Multiple teams within Qatar Airways Cargo’s revenue management teams now benefit from CARGOSTACK’s improved AI-generated recommendations, its intuitive UI/UX, as well as various features which the users themselves provided input on during the implementation phase. These include 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.
Qatar Airways Cargo and Wiremind Cargo are continuing to work closely together in their joint effort to drive innovation and efficiency across all aspects of air cargo processes, highlighted a release.