Amadeus Backs Startup Volantio to Help Airlines Manage Overbooked Flights
Skift Take
Props to Volantio, which won the Air Pitch startup competition at Skift Global Forum last year, for now getting investment and sales support from Amadeus.
Volantio, a startup that helps airlines rebook flexible passengers on emptier flights, said on Monday it had signed investment and commercial deals with Amadeus, the travel technology giant.
Amadeus’ startup investment program, Amadeus Ventures, will take a stake in the Atlanta-based startup.
The companies did not disclose the terms of the deal. Volantio last year closed a $2.6 million series B funding round. Investors included International Airlines Group (IAG), JetBlue Technology Ventures (JTV), and Qantas Ventures.
Amadeus will introduce Volantio to its customers and provide a faster technical path for them to integrate with its services than might otherwise be available.
Volantio already helps Alaska Airlines, Iberia, Qantas, and four other carriers minimize unsold seats.
Finding Hidden Demand
Volantio helps airlines pinpoint flexible passengers on full flights using machine learning and historical data. It then prompts these travelers to volunteer to move to a less crowded flight in exchange for a perk, such as frequent flyer miles or a travel voucher.
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