Qatar Airways Cargo 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 optimization, 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.
"At Qatar Airways Cargo, our goal is to lead. The adoption of Wiremind Cargo’s CARGOSTACK Optimiser suite is a testament to our commitment to innovation and excellence," said Mark Drusch, Chief Officer Cargo at Qatar Airways Cargo. "This partnership continues our leadership in employing technology by utilizing the most sophisticated AI solutions available to transform our revenue management processes. We are thrilled to have found a partner in Wiremind Cargo with whom we continue to closely collaborate, and deliver and fine-tune their cutting-edge solutions at such an incredible speed.”
"We are delighted to see Qatar Airways Cargo going live with our CARGOSTACK Optimiser suite, solidifying our partnership and shared vision for the future of air cargo," said Nathanaël de Tarade, CEO of Wiremind Cargo. "Our collaboration with Qatar Airways Cargo is a perfect example of how Wiremind Cargo’s advanced AI solutions can transform commercial operations. We are excited about this essential step in our partnership, and look forward to what’s next, including the release of our SKYPALLET Version 2 solution, which will further enhance commercial capabilities and operational efficiency."
