CORDIS Project
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This project aims to revolutionize airline seat management by allowing travelers to place bids on available seats. By creating a real-time communication channel between passengers and airlines, it seeks to optimize seat occupancy and improve revenue management strategies.
It is of paramount importance for airlines to fill their seats.
This leads to a more efficient use of resources, with positive financial, operational and ecological impacts.
It is also crucial for an airline’s success: on average, planes need to be filled at 70% of their capacity, just to break even.
This is why airlines have spent significant efforts in revenue management, the practice of carefully optimizing the different fares proposed to customers.
Nonetheless, the average load factor in the…
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