Skytra: the reference price for air travel

Skytra own’s the world’s largest ticketing which curates billions of daily data points from IATA and Kiwi.com to provide invaluable past, present and future insights of global air travel.

As the global industry recovers from Covid-19 it needs to build back smarter and stronger than ever before. To do this, all players in the air travel eco system need new solutions that improve data quality and provide the next generation of products capable of facilitating contracting in the new world.

From supporting corporate travel buyers in price negotiations with greater transparency and the official reference price for global air travel, to providing the means for Chief Financial Officers (CFOs) and treasury teams to manage travel budget volatility, our regulated benchmarks and data can support and enable greater predictability in an otherwise volatile marketplace.

CFOs and Treasury Managers can hedge their travel spend

Problem

Corporate travel budgets suffer from ticket price volatility. Combined with an uncertain environment in the wake of the global pandemic, forward planning and cost control is essential.

Solution

The Skytra Price Indices are regulated benchmarks that allow corporates to hedge their travel budgets against price volatility, minimizing the risk of over spend and enabling cash flow predictability. Utilising the Skytra Price Indices, corporates can use derivative contracts via their financial intermediary to provide an effective hedging solution to protect against dramatic changes in the cost of air travel

Benefit

With the price of travel hedged, travel budgets unpredictability is mitigated. Greater stability allows corporate treasury teams to plan ahead as business travel resumes

Corporate Travel Sellers, Buyers and TMCs can simplify air travel contracting

Problem

Negotiating contracts by airline, letter class and origin and destination (O&D) is time consuming. There was previously no globally acknowledged reference pricing for air travel, leading to opacity, a lack of trust and often poorly priced contracts.

Solution

The Skytra Price Indices provide a regulated reference price for travel for the first time, paving the way for new models of contracting. The Skytra Price Indices simplify the contract process by facilitating price negotiations at a regional level and improving transparency through the provision of an independent benchmark and reference price for air travel. Skytra’s Airtyx product provides clarity on future pricing by airline, geography and flight booking and delivery period.

Benefit

The Skytra Price Indices, as an independent regulated benchmark, acts as a universal language when negotiating contracts. Transparency enables better-informed decisions and faster, more efficient contracting whilst providing corporate travel managers with greater flexibility when managing budgets. With Airtyx, corporate travel managers will be able to negotiate prices and discounts based on the prices of future bookings giving them stronger negotiating powers than ever before.

Our Data

Skytra Price Indices ($/RPK): We have developed six benchmarks measuring the daily price of air travel globally. The benchmarks are regulated by the UK FCA and permit, for the first time ever, a regulated daily reference price for air travel.

Airtyx: Our expansive database provides granular forward looking industry insights, which can be broken down by airline, region, date and more. With reliable, clean, accessible alternative data, we are able to provide far greater transparency to the industry.

For more information on the official reference price for air travel, how to hedge your revenue risk or access to our business intelligence data, please complete the form below and one of our team will be in touch.