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May 9, 2008
flyLAL optimizes revenue management processes with IT from Lufthansa Systems
Lithuania’s largest airline flyLAL – Lithuanian Airlines continues to optimize its revenue management using ProfitLine/Yield Rembrandt from Lufthansa Systems. Both parties recently signed a three-year contract to this effect.
ProfitLine/Yield Rembrandt has been developed as a complete solution for the optimization of revenue management processes at low-cost and regional carriers. Rembrandt covers all core revenue management processes, from importing data and forecasting bookings to optimizing availability. The solution features a user-friendly interface and can be implemented quickly, enabling flyLAL to continue its growth in the highly competitive Baltic market.
Lithuania’s national carrier was founded in September 1991 under the name of Lithuanian Airlines. The airline was renamed flyLAL when it was privatized in 2005. flyLAL, which belongs to the Lithuanian investor consortium known as the flyLAL Group, serves 18 destinations throughout Europe from Palanga and its headquarters in Vilnius.