All Nippon Airways, Asia's Largest Airline, Takes Off with PROS Revenue Management.Business Editors/High-Tech and Travel Writers HOUSTON--(BUSINESS WIRE)--June 26, 2001 PROS PROS - Parts and Repair Ordering System PROS - Portable Receive Only Station PROS - Project Re-Employment Opportunities System PROS - Pros and Cons PROS - Prosthetic PROS - Prostitute Revenue Management, the world's leader in revenue management science The study of statistical methods, such as linear programming and simulation, in order to analyze and solve organizational problems. Same as operations research. and software, and the pioneer and dominant provider of revenue management to the airline industry, today announced that All Nippon Airways Co., Ltd. (ANA) has licensed several of PROS' products to enhance its revenue management initiative. ANA, the largest airline in Asia and one of the top ten airlines in the world, will license PROS 5, PROS Group and PROS NAS systems. Also, in cooperation, PROS will develop a state-of-the-art revenue management solution to handle Japanese allotments. This solution is an innovative tool that will enable better control over the distribution of seats to Japanese wholesalers. With this new partnership, ANA has become PROS' twelfth Star Alliance client. "We are honored to be in a revenue management partnership with ANA," says Benson Yuen, president of PROS' airline group. "The revenue management solution PROS is providing to ANA will generate incremental revenue and will increase passenger satisfaction." Katsuhiko Kitabayashi, senior vice president, Marketing of All Nippon Airways, states, "PROS' revenue management systems are very sophisticated products based on the long years of feedback, not only from Star Alliance carriers, but also many other airlines all over the world. I expect that ANA will earn more revenue by dynamic business process renovation using the PROS systems that will be implemented in spring 2002." The PROS products ANA is licensing are: PROS 5 Revenue Management System, a state-of-the-art system enabling airlines to statistically forecast demand and set optimal inventory levels for their flights. At a minimum, PROS client carriers have reported an increase of 4-8% in revenues due to the implementation of the PROS Revenue Management System. PROS Group Revenue Management System, which allows an airline to evaluate a group request and to efficiently respond to the customer within minutes. Based on sophisticated economic analysis, PROS Group can determine the minimum acceptance price of accepting a group versus the displacement of other revenue opportunities, thereby generating the optimal revenue mix for the airline. PROS NAS (Network Analysis System), the world's only network-oriented multi-class stratification system, evaluates the carrier's existing multi-class fare structure to determine the optimal flow of passengers across the network. With this new multi-class structure, the carrier can use PROS NAS to generate vital network-based inputs to their revenue management system -- an important first step toward O&D control. All three products are based on the PROS Enterprise RM Platform, which uses world leading science, forecasting and optimization to generate revenue and profits for PROS' clients worldwide. The Platform is high performance, distributed computing, using parallelized, highly scalable technology. This architecture will support the high performance, high availability, real time, and mission critical applications of our clients. PROS' advanced architecture supports data intensive and calculation intensive, science-based enterprise solutions. About PROS Revenue Management PROS Revenue Management is the world's leader in pricing and revenue optimization solutions and the pioneer and dominant provider of revenue management to the airline and energy industries. PROS provides system solutions to the airline, cargo, rail, energy, healthcare and broadcast industries, and has delivered over 200 systems to more than 80 clients in 37 countries. PROS' clients include 17 of the top 25 carriers in the airline industry. The PROS mission is to maximize the revenue of each client using PROS' world-leading revenue management science, systems solutions, and best practices business consulting. PROS' clients report annual incremental revenue increases of 6-8% as a result of revenue management. PROS' solutions forecast demand, optimize inventory and provide dynamic pricing to maximize revenue. Founded in 1985 in Houston, PROS Revenue Management has a six-year compounded revenue growth of 40%, in large part due to the intellectual capital of its staff. Nearly half of PROS' professional staff has advanced degrees and the staff speaks a cumulative total of 26 languages. The company is profitable with Year 2000 revenue of $29 million. For more information on PROS Revenue Management, please visit www.prosRM.com or call 713/335-5253. About All Nippon Airways The activities of All Nippon Airways Co., Ltd. and its group members extend from air transportation to a diverse range of travel-related services. ANA and its subsidiaries account for about half of Japan's domestic air transportation market with an extensive domestic network covering 36 destinations, and with 85 routes and over 540 flights per day as of March 31, 2001. And also ANA operates an extensive international route network of some 340 flights per week to 27 destinations in 11 countries. Overall, ANA ranks seventh among the world's airlines in terms of passengers carried (source IATA World Air Transport Statistics, June 2000). On Oct. 31, 1999, ANA became a proud member of Star Alliance, the world's foremost global airline alliance group that today serves some 815 destinations in more than 130 countries. Star Alliance allows passengers to enjoy smoother travel across an expanding alliance network that now includes fifteen leading airlines. |
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