Skailark, a Data as a Service company specializing in detailed and precise cost and revenue data insights, has announced that Finnair, recently recognized as the Best Airline in Northern Europe for the 14th consecutive year by Skytrax at the World Airline Awards in 2024, will implement Airline Economics by Skailark.
Skailark’s Airline Economics will assist Finnair in making informed decisions amid significant traffic growth. This tool offers comprehensive market and competitor insights, supporting Finnair’s goals for profitability and expansion. The new long-term contract with Finnair further validates the effectiveness of Skailark’s data and digital twin approach, which benefits leading aviation brands globally.
Airline Economics utilizes extensive industry data and advanced machine learning models to provide precise cost and revenue information by route, origin and destination, or aircraft type. The data can be adjusted for sector length to ensure it is comparable across different operators.
The founder and CEO of Skailark Dr Christian Soyk stated: “We are delighted to announce our partnership with Finnair, recently named Northern Europe’s best airline, as a new client in Europe.”
He continued: “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.”
Meanwhile, the Senior Vice President of Finnair, Christine Rovelli, stated: “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 tough data validation 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.”
About Skailark:
Skailark, recently included in Amadeus’s 2024 Startup Universe, offers unparalleled data insights to the aviation industry through a digital twin of global aviation. Their cloud-based platform provides competitive insights and dynamic modelling capabilities, aiding decision-making on strategy, sustainability, transformation, M&A, fleet management, network planning, and aviation policy. Skailark’s highly accurate data is already utilized by major players in aviation, consulting, media, and financial services.
