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FFP LOYALTY SEMINAR l FRANKFURT/BAD HOMBURG :: 7 OCTOBER   

    Loyalty Accounting Driving Business Realities (IFRIC 13)

New Loyalty Accounting Standards Affect Strategic Management & Profit Statements

The bulk of the International Financial Reporting Standards (IFRS) that will affect loyalty programs are contained in the new IFRIC 13 Customer Loyalty Programs interpretation that became mandatory for annual reporting periods beginning on or after 1 July 2008. To put it into perspective, these new rules are already a reality in Australia and so Qantas Airlines complied with them. The impact on Qantas's bottom line for doing so was a downward restatement of its profits by a staggering AUS$555 million.

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The affect of "fair value" recognition on Major FFP liabilities:

Northwest Airlines - World Perks:

   Before "fresh-start" accounting: $412 million

   After: $1.5 billion

United Airlines - Mileage Plus:

   Before "fresh start" accounting: $923 million

   After: $2.4 billion

Delta Air Lines - SkyMiles:

   Before "fresh start" accounting: $896 million

   After: $2.6 billion

Qantas - Frequent Flyer

   Early adoption of IFRIC 13

   Reduced retained earnings by: AUD 555 million

  Expert Exclusive                                                          Read article..

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   What do new Accounting Rules mean for your Loyalty Business?

     The basics to becoming conversational in IFRIC 13

     - By Roger Williams, Airline Information

 

 
  Expert Exclusive                                                          Read article..

    Customer Loyalty Programs: New Accounting Rules or the

      Half Billion Dollar Impact?

      - By Michael Smith, SeaMountain

 

 
  New Research                                                             Read article..

    Believe It Or Not - Frequent Flier Seats are Truly Available

      - New Research by IdeaWorks

 

   

ANCILLARY REVENUE AIRLINE CONFERENCE 2008 l BUDAPEST :: 19/20 NOVEMBER

    From legacy to low cost - find your hidden ancillary revenue zen!

Airlines Seek Balance between Fees, Value and Incremental Merchandising

Low Cost Carriers continue to develop winning ancillary revenue opportunities through un-bundled fares that transparently pass along transport costs to the customer, such as baggage, while delivering value in terms of low fares. LCC websites have become virtual marketplaces for relevant offerings such as travel insurance to just about anything that their captive traveling audience will buy at a handsome profit.

However, traditional or "legacy" carriers, burdened with complex costs and a soft market, struggle to introduce similar un-bundled-fare ancillary strategies. How long will passengers tolerate premium "legacy" pricing coupled with add-on service costs?

The original Ancillary Revenue Airline Conference or ARAC returns in Fall 2008 with brand new content and a two tier "Core Content" and "Advanced Learning" system of presentations. This year ARAC will tackle the sensitive issue of legacy fare un-bundling - including a free how-to workshop hosted by ATPCO to improve the current practice. ARAC 2008 will feature Core Content agenda sessions that offer something for everyone, from executives wishing to learn more about ancillary revenue, to those seeking to add to their existing knowledge. Parallel Advanced Learning agenda sessions will be available for the first time which are designed for those already engaged in the ancillary revenue movement.

Airline executives will learn how to improve existing ancillary revenue methods to produce more sales. Topics will feature new products, or introduce enhancements, that represent the next step for ancillary aware airlines.

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  "Ancillary revenues are the magic bullet right now

    for the airline industry..”

    -The Skies are Alive with Fees New York Times 24 Feb 2008

   - Jay Sorensen, IdeaWorks

 

  "For the first time‚ a conference devoted entirely to

    ancillary or non-ticket revenue (NTR) and its tremendous

    growth and potential."

   - Onboard Services Magazine

  Professional Guides                                               Order information..

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   The Ancillary Revenue Guide 2008

     The first full publication to cover airline ancillary revenues

     - By Jay Sorensen, Ideaworks

                                                            SECURE YOUR COPY TODAY!

 
   

TPS - Travel Payment Summit l FRANKFURT/BAD HOMBURG :: 3/4 DECEMBER    

    Alternate Forms of Payment, Fraud Prevention & New Payment Frontiers

Great Payment Debate broadens to envelope Travel Sector

The world-wide economic downturn is forcing the travel-related companies to re-examine each and every cost! This focus on cost reduction is shedding new light on what has traditionally been accepted as part of doing business in international travel- the cost of accepting payments. Driven by increasing e-commerce and direct distribution strategies, the Travel Payment Summit will discuss how how travel companies can obtain the maximum from their sales through cost-effective payment strategies.

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