Revenue Management Analyst - UAE, United Arab Emirates - flydubai

flydubai

Verified Company

UAE, United Arab Emirates

2 weeks ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Description

Revenue Management Analyst

United Arab Emirates
Closing Date: May 9th 2023To manage an assigned region with all its routes from pricing and inventory management perspective with the goal to maximize revenue for the airline.

KEY ACCOUNTABILITIES

Key Activities

1. Monitor pricing structure and fare levels for assigned region in the network in line with competitive actions and market demands with the objective to meet revenue and passenger volume targets of each route.
2. Evaluate trends in market conditions using information available through and from various sources, to make informed pricing and inventory management decisions.
3. Monitor route performance visàvis agreed targets and liaise with sales team to identify opportunities and threats proactively and take appropriate measures to ensure route revenue targets are achieved
4. Analyze data to identify booking behavior, ancillary product performance, network connections etc to take proactive measures to enhance and protect the different revenue streams for the airline
5. Derive forecasts for the route at least on a weekly basis and highlight all areas of concern in terms of achieving route revenue targets
6. Analyze Group booking patterns and materialization rates to take proactive measures in ensuring optimal group bookings percentage on the routes based on seasonality and demand patterns
7. Devise revenue integrity control strategy to prevent loss due to seat spoilage on account of duplicate, fake and partly paid bookings given the booking behavior of assigned routes
8. Participate in setting revenue targets for the routes as part of the annual revenue budgeting exercise and as part of the budget revisions during the financial year
9. Provide requirements to develop, implement and customize revenue management and pricing system solutions in accordance with flydubai business model
10. Liaise with other departments including the sales team, planning, finance and cargo to identify and capitalize on potential revenue generation opportunities
11. Mentor and guide a team of revenue optimization Analysts, Officers and Coordinators to help them analyze performance of assigned routes on a regular basis
12. Participate in interline and codeshare negotiations on behalf of the airline if required. Conduct analysis of interline traffic being received from various partners

Qualifications:

MINIMUM QUALIFICATIONS / EXPERIENCE/ KNOWLEDGE / SKILLS

Minimum Qualification
Degree or equivalent experience: Bachelor degree in Air transport, marketing, economics or business management.
Experience
Years of experience: Overall 5 years of experience in airline industry with a minimum of 3 years' experience in Revenue optimization

Knowledge / Skills

Indepth knowledge of Industry practices and procedures especially in LCCs would be advantage.
Broad knowledge and experience in: Revenue Management principals.

CORE COMPETENCIES