Radix Analytics Pvt Ltd

Airline O&D Passenger & Revenue Forecasting

Radix Analytics Pvt Ltd > Mathematical Optimization > 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

airline-analytics

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

What we build, how it performs - Explore our work!

Our Case Studies

Would love to hear your thoughts!