The role is responsible for setting price points, controlling flight inventory, ensuring that optimum settings for demand forecast and interprets and evaluates route performance and competitor activity, and working with the revenue management team and system providers to improve the efficiency of using the revenue management system.
Key Responsibilities
- Maximize revenue by setting price points and controlling flight inventory in response to different level of passenger demand.
- Ensure that large data sets are interpreted while applying market knowledge and inventory strategy.
- Participate in the daily management of flights.
- Continually analyse all relevant aspects of booking data in order to optimize revenue.
- Ensure that optimum settings for demand forecast, price elasticity and seasonality are set in the revenue optimization system.
- Interpret and evaluate route performance and competitor activity, to present results on a regular basis and make recommendations for improving strategy.
- Pro-actively recommend routes that need focused marketing activities to support its performance including suggestion of pro-active discounted pricing to stimulate additional demand.
- Analyse and track ancillary revenue performance, recommend pricing changes.
- Implement pricing and fee changes for ancillary products in the system.
- Continually produce ad-hoc analysis of commercial and operational data that can lead to further revenue improvement or strategy changes.
- Develop insightful commercial reporting that can improve the commercial understanding of passenger behaviour.
- Work with the revenue management team and the revenue management system provider to improve the efficiency of use of the revenue management system.
- Bachelor’s degree in science, mathematics, economics, or any relevant field.
- Minimum 3 years’ experience in revenue management.
- Novitiate & air RM hand on experience.
- Understanding of the airline industry and the wider Middle East travel market.
- Business Acumen.
- Projects management.
- Advanced Problem Solving.
- Communication
- Planning/Organizing
- Judgement & Analysis
- Negotiation/Influencing