Flyr Labs, a Santa Monica-based IT services and consulting company, is partnering with Poland’s Lot Polish Airlines to help further the carrier’s innovations and optimize performance across commercial functions.
The two companies will utilize Flyr’s AI-based platform for Lot’s operations to better manage Lot’s commercial operations. As a result, the two companies will remedy areas that need improvement either through existing platform capabilities or by co-creating new features and applications.
“We’re always looking for the best solutions to equip our teams with, in tandem with our commitment to customers and maintaining sustainable practices,” Tomasz Penczek, managing director of the revenue division at Lot, said in a statement. “We appreciate the approach that Flyr has towards understanding our needs and we believe that as we move forward utilizing the power of AI with Flyr, our teams can stay on the cusp of industry change and adapt to market volatility. Collaborating not only strengthens our market position as technical leaders but also further reflects our dedication to new ideas.”
The companies aim to collaborate across several areas including revenue management, digital marketing, offer management, and e-commerce, powered by Flyr’s vertically integrated platform.
Flyr’s product, “The Revenue Operating System,” provides AI-based revenue management capabilities aimed at affecting profitability and operations. Utilizing Lot’s existing data, the Revenue Operating System will enable airline analysts to improve pricing and commercial decisions.
“Flyr looks forward to collaborating closely with Lot. In an increasingly competitive market, we will act as a partner to commercial teams and decision-makers at Lot, with added support from our Krakow crew,” Matt Brown, vice president of growth at Flyr, said in a release. “By contextualizing each piece of data into one easy-to-navigate interface, The Revenue Operating System will anticipate the path to optimal commercial outcomes and drive significant growth.”
On Sept. 22, Flyr Labs announced it had secured $150 million in a series C funding round led by WestCap. According to the company, the money will be used to expand its product offering, scale delivery capacity and support strategic acquisitions.