Reporting and Data Warehousing
Planning for and monitoring costs and the profitability of routes has become as critical for success as yield management, network planning and airline branding. Today, cost management represents a strategic success factor for any airline.
Nevertheless, many of the financial managers who work for the aviation industry concentrate too much on standard cost accounting and rely too heavily on rough financial controlling based solely on spreadsheets. They do without precise targets or actual comparisons and so achieve insufficient transparency.
But the airline business is a dynamic one. The market, the competition and cost structures are constantly changing, often completely unexpectedly. In many cases decisions need to be made extremely quickly and before your finance department has been able to determine exactly what the monetary consequences will be.
How can the success of an individual route be calculated? What destinations and starting points will be profitable? What chances and risks do alternatives offer with respect to the fleet or route network? And what influence does purchasing, flight planning or invoice validation have on the profitability of a network?
Airlines generally have all of information they need. However, it is stored in multiple, isolated systems that are incapable of integrating with each other. Data Warehouses as well as Information and Planning Systems represent yet another major focus for PROLOGIS.
We have several years of experience both working in and consulting on all kinds of Financial Controlling tasks with a focus on airlines with a low-cost, charter or hybrid business model. Our in-depth knowledge has been put into practice at several airlines including
- evaluating and establishing of systems for cost management as well as tools for management reporting (MIS) and data warehousing
- changing the processes in controlling and finance to handle a new business approach like a hybrid model, ancillary services or a cooperation with other carriers
- integrating the profitability accounting with sales, purchasing, MRO or accounts payables/receivables
Do you have any questions or would you like more information?
We look forward to hearing from you!
Contact: Jürgen Krumtünger