International Airlines Group (IAG) adopts Airline Economics from Skailark
Munich, 29 April 2024, Skailark, a Data-as-a-Service company which provides its customers with granular, highly accurate cost and revenue data insights is excited to announce that International Airlines Group (IAG) will adopt Airline Economics by Skailark.
Skailark will provide IAG with granular data through its Airline Economics platform, a digital twin of the global aviation industry. This will allow IAG to analyze key drivers of costs and revenues of all flights of the largest >350 airlines. Airline Economics will help to optimize decision-making on strategy, sustainability, M&A, fleet and network planning. Airline Economics uses proprietary advanced machine learning models (ML) to generate relevant cost and revenue data by route, O&D or aircraft type. Cost data can be adjusted by sector length for example to ensure comparability with other operators.
“We are incredibly excited to be partnering with IAG as one of the largest airline groups in the world. We are looking forward to supporting IAG with our digital twin, providing the most accurate cost and revenue data in the airline industry through our bottom-up modelling approach.” commented Dr. Christian Soyk, CEO & Founder.
“Another set of aviation brands has put their trust in Skailark, extra validation on our data and approach via our digital twin, increasing transparency and benchmarking in aviation Worldwide. 2024 is certainly proving to be a pivotal year in the company’s growth and trajectory”, David Hoar, VP Sales.
About Skailark
Recently added to the 2024 Startup Universe compiled by Amadeus, Skailark is empowering the world of aviation with unparalleled data insights, providing a digital twin (data image) of the global aviation industry. Emissions, cost, revenue and other key drivers of all flights of the largest >350 airlines worldwide are modelled. Our cloud-based interface allows unparalleled competitive insights and dynamic modelling capabilities. All for best-informed decision-making on strategy, sustainability, transformation, M&A, fleet, network and aviation policy. Our highly accurate data has already been used by the strongest brands in aviation, consulting, media publishers, and the financial services industry.
