Sirax AirFinance platform from Lufthansa Systems successfully deployed at Southwest

The companies successfully completed the implementation of the product, which can improve efficiency and help achieve cost savings through precise revenue accounting. Other leading carriers who deployed the Sirax AirFinance Platform were able to reduce their operating costs by up to 45 percent.

“The new Sirax system not only improves the revenue accounting process but will also give us greater flexibility to respond more timely to changes in the business environment,” said Leah Koontz, Vice President Controller for Southwest Airlines. The Sirax AirFinance Platform from Lufthansa Systems is the first integrated platform to optimize all of an airline’s financial processes. By checking ticket sales against actual flight data, the highly automated system speeds up the accounting process.

Sirax also helps to control processes that involve a variety of complex rates, codeshare agreements, alliances, as well as taxes and fees. It delivers precise, timely information for the management and the accounting division of an airline. Sirax also provides data on route and network revenue. “We are very proud that Sirax fully meets the requirements of Southwest Airlines. Based on our profound understanding of all airline business processes and extensive IT expertise we develop technologically advanced solutions that deliver maximum economic and operational benefit to our customers,” said Bernd Appel, Senior Vice President Industry Solutions at Lufthansa Systems.

Other renowned airlines such as Lufthansa, Air France-KLM and Scandinavia’s SAS Group selected the Sirax AirFinance Platform. Worldwide more than 400 million coupons annually or twelve percent of all tickets are being processed with Sirax.

(c) Centre for Asia Pacific Aviation. Date posted: 16-Sep-09

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