Radix Analytics Pvt Ltd

Airline O&D Passenger & Revenue Forecasting

Radix Analytics Pvt Ltd > Predictive Analytics > Airline O&D Passenger & Revenue Forecasting

Issues & Objectives

  • Forecast passenger and revenue for major O&D (Origin & Destination)/POS (Point of Sale) combinations for a large East African Airline

  • Short term O&D forecasts for every flight date up to 90 days in the future to be generated everyday

  • Long term rolling forecasts up to 5-10 years to be generated quarterly

Methodology

  • Linear Regression

  • ARIMA/ARIMAX

  • Neural Networks

  • Etc.

Project information

Skills

Advanced Statistical Model 

Client

Budget Airlines

Domain

Revenue Management

Location

Africa

Data

  • Short term forecasts based on:
    • Current bookings
    • Historical bookings
    • Seasonality
    • DOW (Day-of-Week)
    • Etc.
  • Long term forecasts based on:
    • GDP

    • Population growth at origin

    • Population growth at destination

    • Employment growth at origin

    • Employment growth at destination

    • Etc.

Solution

  • O&D forecasting is very challenging because of the small numbers involved

  • Good accuracies obtained