RateGain Travel skyrockets ~10% as Air India selects its AirGain Product

17 Aug 2022 , 03:05 PM

RateGain Travel Technologies Limited (RateGain) announced that Air India, India’s flagship carrier owned by India’s largest conglomerate the Tata Group, has chosen its – AirGain product to dynamically adjust prices with real-time, accurate, and high-quality airfare data, allowing it to compete globally with leading airlines.

At around 2.55 PM, RateGain’s counter was trading 9.60% higher at Rs313.95, against the previous close of Rs286.45 on NSE. So far, it hit intraday high and low of Rs324 and Rs289.30 respectively.

As a flagship carrier, Air India connects to nearly 90 destinations in over 30 countries across Asia, Europe, the United States, Canada, and Australia.

It operates one of the world’s largest domestic and international networks, operating over 500 daily flights with a fleet of 113 aircraft.

Through its scalable and intuitive analytical capabilities, AirGain provides actionable insights to quickly react to market price changes and stay ahead of the competition. Airlines gain competitive intelligence by analysing real-time market data.

Furthermore, AirGain’s ability to track historical trends and fare changes on the most profitable routes enables Revenue and Commercial teams to keep abreast of every market development.

As fuel prices and inflation continue to rise, travelers are becoming more cost-conscious and seeking the best airfares. This cost pressure, combined with traveller preferences, is creating a demand for pricing data that will enable Air India to accurately analyze market shifts, monitor competitive strategy, and understand the right price every time.