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Qatar Airways Cargo Leads Industry with Launch of AI-Driven CARGOSTACK Optimiser
Qatar Airways Cargo has reached a major milestone in revenue management by launching CARGOSTACK Optimiser, an advanced AI-powered revenue management suite by Wiremind Cargo, part of CargoTech.
Dr.G.R.Balakrishnan Nov 01 2024 Logistics News (Airlines & Aviation)

Qatar Airways Cargo Leads Industry with Launch of AI-Driven CARGOSTACK Optimiser

As the first airline to adopt this innovative solution, Qatar Airways Cargo is setting new standards in the industry. After partnering with Wiremind Cargo in early 2023, Qatar Airways Cargo has progressively integrated solutions for demand forecasting, inventory optimization, and overbooking recommendations, culminating in the latest deployment of a bid-price machine learning model.

Qatar Airways Cargo’s revenue management teams now utilize CARGOSTACK’s enhanced AI-driven recommendations, user-friendly interface, and customizable features shaped by direct user feedback. Key functionalities include a configurable business rules engine and a refined overbooking strategy algorithm, both rigorously tested and optimized to maximize revenue outcomes.

“Our goal at Qatar Airways Cargo is to lead the industry, and adopting CARGOSTACK Optimiser showcases our dedication to innovation and excellence,” remarked Mark Drusch, Chief Officer Cargo. “Our collaboration with Wiremind Cargo allows us to leverage cutting-edge AI to transform our revenue management processes, achieving results at an unprecedented pace.”

Wiremind Cargo’s CEO, Nathanaël de Tarade, expressed pride in the partnership, highlighting the transformational impact of their advanced AI solutions. The companies are also looking forward to the upcoming release of SKYPALLET Version 2, which promises to further boost operational efficiency.

Through this partnership, Qatar Airways Cargo and Wiremind Cargo are jointly committed to advancing technological efficiency across the air cargo sector.