October 15, 2009
Airline sees improvement in revenue accounting processes
Today, Lufthansa Systems announced that Southwest Airlines is the first U.S. airline to optimize its revenue accounting with Lufthansa Systems’ Sirax AirFinance Platform. 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.
Note to editors:
After 37 years of service, Southwest Airlines, the nation's leading low-fare carrier, continues to stand above other airlines – offering a reliable product with exemplary Customer Service. Southwest Airlines is the most productive airline in the sky and offers Customers a comfortable traveling experience with all premium leather seats and plenty of legroom. Southwest recently updated its gate areas and improved its boarding procedure to make flying Southwest Airlines even more convenient and simple. Southwest Airlines (NYSE: LUV) currently serves 68 cities in 34 states, and announced to Milwaukee beginning Nov. 1. Based in Dallas, Southwest currently operates more than 3,300 flights a day and has more than 35,000 Employees systemwide.
Lufthansa Systems is one of the leading IT service providers for the airline and aviation industries worldwide. As a systems integrator, the wholly-owned subsidiary of the Lufthansa Group covers the entire range of IT services, including consulting, development and implementation industry solutions and operation. Lufthansa Systems provides its infrastructure and consulting services to a variety of industries. Headquartered in Kelsterbach near Frankfurt/Main, Germany, the company has offices in Germany and 16 other countries and employs about 3,000 people worldwide. In business year 2008, Lufthansa Systems recorded revenues of EUR 657 million.
For further information, please contact:
Lufthansa Systems AG
Sandra Hammer
Corporate Communications
Tel.: +49 (0)69 696 90776
Fax: +49 (0)69 696 90777
E-mail: publicrelations@LHsystems.com