Qatar Airways Cargo goes live with Wiremind Cargo’s CARGOSTACK Revenue Management suite
Qatar Airways Cargo, the world’s leading cargo carrier, 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.”
Qatar Airways Cargo and Wiremind Cargo are continuing to work closely together in their joint effort to drive innovation and efficiency across all aspects of air cargo processes.
About Wiremind Cargo
Wiremind Cargo is committed to delivering innovative software solutions for revenue optimization and inventory management across the air cargo industry. Our cutting-edge digital cargo solutions have earned the trust of major industry stakeholders, including Emirates, Qatar Airways, United Cargo, Qantas, ECS Group, Kuehne Nagel, and many more. With a strong emphasis on inventory management, revenue optimization, pricing, and other critical areas.
Wiremind Cargo stands as one of the founding members of CargoTech the one-stop-shop offering digital solutions for every air cargo business process and provides best-in-class digital transformation expertise and consultancy services to air cargo stakeholders.
https://www.wiremind.io/
About Qatar Airways Cargo
Qatar Airways Cargo, the world’s leading international air cargo carrier is based in Doha, State of Qatar. It serves a global network of more than 60 freighter destinations and 170 passenger destinations utilising freighters and belly-hold passenger aircraft.
The airline’s freighter fleet includes 28 Boeing 777 freighters and 230 belly-hold planes. It also has an extensive road feeder service (RFS) network. The cargo airline is the launch customer for the innovative Boeing 777-8F featuring advanced technology, and a 25 per cent improvement in fuel efficiency and emissions, with the first delivery arriving in 2027.
As a market leader, the cargo carrier provides high operating standards for the transportation of cargo, with considerable investments in digitalisation, products, facilities and services.
Qatar Airways Cargo remains committed to sustainability and giving back to communities it serves through its sustainability programme WeQare, built on the key pillars of sustainability: environment, society, economy and culture.
