Finnair Implements Airline Economics by Skailark
Helsinki, Finland – Finnair, recently voted the Best Airline in Northern Europe for the 14th consecutive year at the World Airline Awards by Skytrax, has announced its partnership with Skailark, a leading Data as a Service company. Skailark provides its clients with precise and detailed cost and revenue data insights. This partnership will see Finnair adopt Skailark’s Airline Economics platform.
Dr. Christian Soyk, CEO and Founder of Skailark, expressed his excitement about the new partnership, stating, “We are delighted to announce our partnership with Finnair, recently named Northern Europe’s best Airline, as a new client in Europe. We are looking forward to supporting Finnair with our digital twin, providing the most accurate cost and revenue data in the airline industry through our bottom-up modelling approach.”
Christine Rovelli, Senior Vice President of Strategy and Fleet at Finnair, also commented on the partnership, saying, “At Finnair, we follow a data-driven approach to help make our strategy and planning processes even more robust and efficient. We put Skailark through a rigorous data validation process and were pleased to see the accuracy and granularity of the data. We look forward to working with the Skailark team as we focus on operational efficiency.”
Through Airline Economics, Finnair will have access to unparalleled market and competitor insights to inform their decision-making process. This will support the airline’s profitability and growth targets in a market experiencing significant traffic growth. The long-term contract between Finnair and Skailark further validates the use cases, data, and digital twin approach that Skailark brings to leading aviation brands worldwide.
Airline Economics utilizes big data from the entire industry and advanced machine learning models to generate relevant cost and revenue data by route, O&D, or aircraft type. The cost data can also be adjusted by sector length for comparability with other operators.
Skailark, recently added to the 2024 Startup Universe compiled by Amadeus, is empowering the world of aviation with unparalleled data insights by providing a digital twin of the global aviation industry. Their cloud-based interface allows for unparalleled competitive insights and dynamic modeling capabilities. Their highly accurate data has already been utilized by top brands in aviation, consulting, media publishers, and the financial services industry.
Finnair, a network airline specializing in connecting passenger and cargo traffic between Asia, the Middle East, North America, and Europe, is the only airline with year-round direct flights to Lapland. They have been chosen as the Best Airline in Northern Europe in the Skytrax Awards for 14 consecutive years and are a member of the oneworld alliance. Finnair Plc’s shares are quoted on the Nasdaq Helsinki stock exchange.
For further information, please contact:
Skailark GmbHLenggrieser Str. 1681371 Munich
Contact for enquiries:Aurelius Noellaurelius@skailark.com+43 676 6583567
Finnair media deskcomms@finnair.com+358 9 818 4020
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