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Making Money from Air Travel

Explore the world of air travel data, from the challenges of processing vast amounts of information to the opportunities for consumers and insiders alike. Discover how ordinary individuals can benefit from analyzing airfare trends and making informed purchasing decisions. Join CEO Rick Seaney on this journey through the complexities of the airline industry and learn how to unlock the secrets of finding the best flight deals.

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Making Money from Air Travel

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  1. Making Money from Air Travel • Tons of Data - Can Anyone Make Sense Of It

  2. Overview • Why am I Here? • Very Quick Background • The Differentiator - Level the Playing Field for Consumers • Data, Data and More Data • Unintended Consequences - But Interesting None the Less • What Do “Outside/Insiders” Do With Air Travel “Data”? • Can an Ordinary Joe Do The Same?

  3. Why Am I Here? • Founder, CEO FareCompare • Portfolio.com Profile • Middle Age “Techies” • Very Complex Business • Security, Safety, Flights • Airfares, Flights, IRS… • Air Travel • Love it … Hate It • Blogging • RickSeaney.com

  4. Quick Background FareCompare.com • Airfare “Stock Market” (ATPCO) • Airfare Clearing House • Flight Schedules - Only 2 Aggregators • What Does the “Raw” Data Cost? • Handful of Companies in the World • What Does It Take to Process the Information? • B2B … Frustration … B2C • Kelly Blue Book of “Airfare” • 100 / 10 Rule

  5. Differentiator - Level the Playing Field • Site Started May 2006 - Level Playing Field • Consumers vs. Airlines • One of the Largest Databases in the World of Current and Historical Airfare Information • Can We Add Value by Slicing and Dicing this Database • Helping Air Shoppers Make the Best Buying Decision -- Every Time

  6. Data, Data & More Data • Few Hundred Million Airfare • 30+ Rules Per Airfare • Change 8 Times a Day • Sometimes over 40% Change a Day • Competitive Equilibrium • Future Travel Dates and History • Flights • ~4,100 Commercial Airports • A Flight Per Second • 720,000+ Passengers in Air Right Now • LAX - NYC over 18,000 reasonable same day paths

  7. Unintended Consequences • Short Straw • Government Reports 4-6 months after • Airline Analysts • Guidance • Trust But Verify • Business Press • Fuel Surcharges • Fare Hikes • Airfare Sales

  8. What Do “Outside/Insiders” Do With Airfare? • They Model • Revenue • RASM - Revenue Per Available Seat Mile • Cost • CASM - Cost Per Available Seat Mile • Cross Check • Supply (Schedules) vs. Demand (Load) • Fret • Economy, Fuel, Mergers, Currency, Pricing, Biz Travelers, Competition

  9. Can an Ordinary Joe Benefit? • Sure • Eternal Airfare Purchasing Question “When is the Best Time Buy” • Started with Air Travel • Continues to Fascinate with the Possibilities of Airline Financial Prediction • Clever Technology on the Internet is in it’s infancy • Keep your seat belt buckled as it starts to whiz buy

  10. Contact Information • Rick Seaney • CEO FareCompare.com • Email: rick@farecompare.com • Phone: +1 972 755 1058 x218 • Site: http://www.farecompare.com • Blog: http://rickseaney.com • Deals: http://deals.farecompare.com

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