How It Works

Airline Revenue Accounting Skills

New Digital Age

 

The digital age with good quality of source data has led to the seamless processing of most transactions. Only exceptions are handled manually and require just the data correction in most cases. The Airlines need revenue accounting resources who are well versed in the process, data, sources of data, data validations, systems, and industry standards, and able to provide analysis on revenue protection and improvement. The course covers all these features for candidates and provides them with a strong foundation to work in this area either in airlines or their service providers.

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1. Airline Eco System

 

  1. Business of transportation
  2. Regulatory environment
  3. Fleet, route, and network
  4. Revenue Stream
  5. Cost structure
  6. Business models
  7. Key functional areas
  8. Core systems
  9. Key terminologies and measurements

2. Passenger Revenue Accounting- Key concepts

 

  1. Types of revenue documents & data elements
  2. Revenue accounting life cycle
  3. Channels of sales
  4. Forms of payments
  5. Reporting & Settlement
  • Sales
  • Refunds
  • Flown

6. Billing & Settlements

  • Outward Billings
  • Inward Billings
  • Credit card billings
  • Credit

7. Payments

  • Overriding Commission
  • Productivity Linked Incentives

8. Pricing & Inventory

9. IATA Standards

10. Interline Agreements & sharing of revenue

11. Data Sources & Interfaces

12. Business information feed to Commercial & Revenue Management

3. Passenger Revenue Accounting System Functionally

The system handles data capture, online validations, data processing, outputs and interfaces ( both from internal and external systems), quality control reports, and process information to other company systems.

4. Revenue Leakage & its protection

Airline revenue is exposed to abuses and leakages. The leakages are defined as revenue that is intended to be received is not received.

     

    5. Revenue dilution insights to commercial and revenue management for revenue enchantment

    There are several factors that can impact airline revenue. These factors are beyond the administrative control of the airline. However, Airlines can make policy changes to rectify or mitigate the impact. Revenue Accounting is well positioned to identify reasons for revenue such as dilutions and provide regular feedback to stakeholders for rectification.

       

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