1 month ago
This partnership will provide airlines with AI-powered tools to navigate market trends and dynamically adjust to pricing fluctuations, Rategain has said
March 26, 2024 / 12:14 PM IST
The Rategain share price has increased 140 percent in the last year.
Rategain Travel Technologies advanced over 3 percent on March 26 morning after the company announced a strategic partnership with Madrid-based Summerwind GSA for airline representation.
The company's AI-powered pricing solution AirGain will collaborate with Summerwind's deep industry experience and global reach, it said. Summerwind can offer its airline clients access to AirGain's data and insights, giving them a competitive edge in the fast-paced aviation market.
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At 11.20 am, the stock was trading at Rs 784 on the Stock Exchange, up 2.5 percent from the previous close. The Rategain share price has increased 140 percent in the past year.
"With the integration of AirGain's technology, Summerwind will now offer its airline partners unparalleled access to real-time pricing data and insights from more than 200 sources, including websites, mobile apps, and Global Distribution Systems (GDS)," the company said in a regulatory filing on March 26.
This strategic partnership provides airlines with AI-powered tools to effectively navigate market trends and dynamically adjust to pricing fluctuations.
Last week, US-based Brightline Trains chose Rategain AirGain for advanced rail and airline pricing intelligence in the US rail market. This partnership enables Brightline to access accurate and real-time competitive pricing insights, bolstering its position in the US rail sector, it added.
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