Sabre and Lufthansa Cargo AG Form Partnership to Create a Cargo Revenue Management Solution.
Sabre Holdings Corporation (NYSE: TSG), the leading provider of technology, distribution and marketing services for the travel industry, and Lufthansa Cargo, the World's leading cargo airline, today announced a partnership agreement to create a cargo revenue management solution based on the Sabre(R) CargoMax(TM) revenue management system.
According to terms of the multi-million dollar agreement, Sabre will develop an advanced origin & destination (O&D) revenue management solution for Lufthansa Cargo, covering overbooking control, bid price optimisation and automated queue handling.
The CargoMax system enables air cargo companies to increase cargo profits through effective management of their cargo space. Computer models within the tool estimate the capacity for each departing flight and determine the most profitable allocation of space for various cargo products.
"Process automation is an essential cornerstone of the Lufthansa Cargo strategy to further develop our market-leading position within the airport-to- airport logistics industry," said Wolfgang Schmitz, senior vice president Business Excellence for Lufthansa Cargo. "Together with our partner of choice, Sabre, Lufthansa Cargo plans to successfully achieve its major strategic goals."
"To remain competitive in today's airline cargo environment, carriers need sophisticated solutions to better manage their tight margins," stated John Dabkowski, senior vice president, Sales and Account Management for Sabre. "We are confident that the combination of Lufthansa Cargo and Sabre will result in a first-class solution that increases sales, maximises profits and improves efficiency."
Current users of the CargoMax system include Cathay Pacific and American Airlines.
Sabre is the leading provider of technology, distribution and marketing services for the travel industry. Headquartered in Dallas/Fort Worth, Texas, the company has approximately 6,000 employees in 45 countries. Sabre maintains an ownership interest of approximately 70 percent in Travelocity.com (Nasdaq: TVLY), the world's leading online B2C travel site; and it owns GetThere, the world's leading provider of Web-based B2B travel reservation systems. Sabre is traded on the New York Stock Exchange (NYSE: TSG). More information on Sabre is available on the World Wide Web at http://www.sabre.com .
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|Date:||Aug 29, 2001|
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