FairFly, an air fare tracking solution that lets companies rebook a ticket if its price drops, has been integrated into Amadeus.
The company claims Amadeus customers could save as much as 7% annually on their air spend in Europe, and globally, as they will be able to maximise savings after the booking process and up until departure.
FairFly is already live on the Galileo and Sabre GDSs, but this move marks the first time the company can support "Amadeus’s colossal GDS, increasing the power of their existing data analysis on air fare volatility".
The technology start-up uses proprietary algorithms and machine learning to track air fares after booking in order to identify savings opportunities and seamlessly facilitate the rebooking process (factoring in applicable airline penalties, private fares and corporate policies).
“We are very excited about the integration with Amadeus because we can now provide the first big data solution for corporate air travel in Europe for businesses around the globe," said FairFly chief executive Aviel Siman-Tov.
“The air fare is typically the second largest expense in a company’s budget. With this fare-tracking service, companies only pay if we save them money. It’s an amazing return on their investment in one of the world’s largest air traffic hubs. We have more exciting innovations coming soon. Fare tracking is only the beginning.”
FairFly also claims corporations can save up to 4% of their annual air spend on identical flights alone, and once similar options are enabled, savings can double.
"With FairFly, it’s easy for companies to customise their searches using multiple filters for specific travelers. By monitoring airfare volatility across multiple GDSs, FairFly is able to identify price reductions and send real-time notifications, driving forward the refund procedure. Through simultaneous searches for identical, similar, and even better itineraries based on the company’s travel preferences and policy, FairFly enables a seamless rebooking process with no disruption to the end traveller," the company added.