homemarket NewsRategain jumps 3% as Spain’s Summerwind GSA selects its AI powered airline pricing solution

Rategain jumps 3% as Spain’s Summerwind GSA selects its AI-powered airline pricing solution

RateGain Share Price | By integrating AirGain's technology, Summerwind GSA will now provide its airline partners access to real-time pricing data and insights sourced from over 200 channels, including websites, mobile apps and global distribution systems (GDS).

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By CNBCTV18.com Mar 26, 2024 11:09:03 AM IST (Updated)

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Rategain jumps 3% as Spain’s Summerwind GSA selects its AI-powered airline pricing solution
Rategain Travel Technologies Ltd shares on Tuesday, March 26, rallied nearly 3% in morning trade after the company announced that its AI-driven airline pricing solution, AirGain, has been selected by Summerwind GSA, a leading general sales agent in Spain, to integrate enhanced airline representation.

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"This partnership seeks to revolutionise the airline sector by combining AirGain's cutting-edge pricing intelligence with Summerwind's industry expertise and worldwide influence," Rategain Travel said in a stock exchange filing.
By integrating AirGain's technology, Summerwind GSA will now provide its airline partners access to real-time pricing data and insights sourced from over 200 channels, including websites, mobile apps and global distribution systems (GDS).
This collaboration marks a significant advancement in airline representation, enhancing market understanding and decision-making agility for airlines under Summerwind's umbrella.
Also, the partnership equips airlines with AI-driven solutions to navigate market dynamics, adapt to pricing changes dynamically, and leverage actionable intelligence promptly, resulting in a strengthened competitive position and enhanced profitability in the dynamic aviation market.
Through this collaboration, Summerwind and AirGain are establishing new benchmarks for operational excellence and customer service in the airline industry, the filing noted.
This alliance transcends mere technology integration, reflecting a shared vision to redefine industry norms and empower airlines with sophisticated tools to excel in today's competitive landscape. It underscores Rategain and Summerwind's commitment to driving progress in the commercial aviation sector, offering airlines worldwide a brighter and more efficient future.
"This collaboration is not just about enhancing our operational capabilities; it’s about revolutionizing the way we serve our airline partners and setting new benchmarks in the industry," Elena Lledó Gómez, CEO at Summerwind GSA, said.
AirGain is a leading provider of cutting-edge connectivity solutions and pricing intelligence technology, empowering the aviation industry with precise, up-to-the-minute data and insights.
Rategain shares are in the green for the fourth day today, trading 2.14% higher at ₹781.55 apiece at 11.09 am. The stock has gained 140.73% in the past year.

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