The COVID-19 pandemic has caused unprecedented disruption to airline operations. With travel restrictions likely to bring financial hardship to the industry, it is more important than ever for aviation companies to reconsider how they operate on a day to day basis in order to economize their valuable time, money, and resources where they can. Airlines that continue to use outdated operations management legacy systems are likely to face even more financial burden, as legacy systems are often costly and can cause many avoidable operational inefficiencies.
The International Air Transport Association (IATA) estimates that in 2020, the airline industry will lose $314 billion, that’s a reduction of 55% compared to the previous year. While this figure refers to lost revenue due to the unforeseen circumstances of a global pandemic, aviation companies also lose roughly 8% of their annual revenue due to operational inefficiencies that are most often attributed to outdated legacy systems. Aviation companies may have previously been able to justify this loss in revenue from using an outdated management system when comparing it to the cost of investing in a new system. However, the new challenges that COVID-19 has brought to the industry should make airlines reconsider the importance of using a more robust and modern operations management system and eliminating unnecessary costs and inefficiencies where possible.
Like many other industries, for airlines to stay afloat during this time of social and economic upheaval, aviation companies need to reassess and reinvent how they do business and operate on a day-to-day basis. While the global pandemic is a tragedy that has, and will likely continue to wreak havoc on people and businesses alike, there is no better time for airlines to consider ways to cut costs and reduce operational inefficiencies to avoid losing any more revenue than is already being lost due to the economic uncertainty and travel restrictions that plague the COVID-19 era.
eTT Aviation’s SkedFlex Air Operations Suite is the industry’s best and most affordable choice for revitalizing airlines’ operations management systems. By combining the flight and crew tracking capabilities of SkedFlex with the accounting, maintenance, inventory management, purchasing, human resources and payroll management capabilities of the Management Information System for Aviation (MISA), the Air Operations Suite effectively manages all aspects of airline operations with one fully integrated and customizable system. Furthermore, it’s fully capable of integrating with other management systems and offers increases control and flexibility of the system with the incorporation of customizable and optional modules. If your company is ready to ditch the legacy system, let eTT Aviation be your first choice.
Contact us for more information or to request a demo!
Sources and related texts:
https://www.iata.org/en/pressroom/pr/2020-04-14-01/
http://www.amadeus.com/documents/airline/airline-disruption-management/amadeus-airline-it-disruption-white-paper.pdf
Author:
Hailey LaJoie
Special Projects Manager
eTT Aviation