US Airways, Inc.

American Airlines, Inc.

Arthur Busse

Thomas Trenga

Daniel Muzich

James Fox

Marcial Lapp

Randeep Ramamurthy

Julianne Anderson

Systems and methods to generate predicted variances of an operation based on data from one or more connected databases.

Method to generate predicted variances of an operation based on data from one or more connected databases

A computer based system for maximizing revenue by determining an optimal quantity of a product to be sold is disclosed. The system determines the optimal number of seats to be sold for a flight based upon the flight's capacity and forecasted costs associated with the flight. The forecasting is based upon probabilistic distribution models takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, the ripple denied boarding effect of reaccommodating a denied passenger. The system evaluates the potential effect of double selling a unit of inventory (e.g., seats). Downstream inventory control, revenue management and reservations systems may use the optimization data to affect the operation of the airline.

Overbooking and cost minimization methods and systems

A computer based system for maximizing revenue by determining an optimal quantity of a product to be sold is disclosed. The system determines the optimal number of seats to be sold for a flight based upon the flight's capacity and forecasted costs associated with the flight. The forecasting is based upon probabilistic distribution models and takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, and the ripple denied boarding effect of reaccommodating a denied passenger. The system evaluates the potential effect of double selling a unit of inventory (e.g., seats). Downstream inventory control, revenue management and reservations systems may use the optimization data to affect the operation of the airline.

Dynamic cost analysis and overbooking optimization methods and systems

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Tempe, AZ, United States of America

Arthur Busse