Recent global economic conditions have had significant impact on the air cargo industry. Demand has dropped sharply, even though some carriers have actually removed capacity from the market. The result has been losses across all regions and trade routes. Some analysts see hopeful signs, but most in the industry expect slow recovery. Factors that will affect the pace of recovery include fuel costs and competition from other cheaper means of transport, such as sea- and land-based freight.
Pricing Challenges
As an air cargo carrier, you need solutions to address revenue-critical challenges such as:
- Shifting focus from filling empty space to maximizing contribution
- Sharing information between cargo and passenger revenue management systems in order to make optimal use of capacity
- Balancing overbooking risk and capacity spoilage
- Validating assumptions about available capacity and customer tendering rates
PROS Solution for Air Cargo
PROS offers a scalable, high-performance, real-time solution for air cargo with an analyst-friendly, configurable, web-based user interface. PROS provides you with sophisticated network cargo revenue optimization and dynamic economic evaluation tools so that you can determine the optimal mix for every shipment that balances costs, rates, capacity, and demand. With PROS, you can make optimal use of assets to satisfy customers and maximize profitability.