How does Southwest Airlines keep making money? After all, the entire airline industry is in a shambles. U.S. Airways and United Air Lines are reorganizing in bankruptcy while American Airlines is moving towards the same fate. Overall, the major U.S. airlines have lost billions of dollars in recent years, and no immediate recovery in sight. Southwest Airlines uses income statement from Lufthansa Systems.
The largest U.S. low-fare airline wants to accelerate in the future with an automated computer software from Lufthansa Systems and its cheaper ticket billing.
As the first U.S. airline Southwest Airlines has opted for the Sirax AirFinance Platform from Lufthansa Systems (LH Systems), LH Systems announced today. American Airlines could thus organize their business processes in the settlement proceeds of more efficient, better and cheaper. Other airlines have reduced, according to LH system, with the so-called “Sirax AirFinance Platform, its operating costs in this area by up to 45 percent.
The software is the first integrated platform to optimize all financial processes of an airline. Through the comparison of ticket sales and actual flight data, the highly automated system also accelerate the settlement process. Sirax also help in controlling the processes that are characterized by a variety of complex rates, codeshare agreements, alliances, and taxes and fees. The solution point for the management and accounting area of an airline-date and accurate information available and also deliver data over distances and net earnings.
In addition to Southwest Airlines had already airlines like Lufthansa, Air France-KLM and SAS Group for the Sirax AirFinance chosen platform. Worldwide would be processed annually more than 400 million, or 12 percent of all ticket coupons tickets Sirax.
Southwest Airlines
