Today, RateGain Travel Technologies rose 1.44 per cent to Rs 291.55 after Kuwait’s second-largest airline Jazeera Airlines, selected the SaaS-based solutions provider’s product for airfare pricing insights.

“Jazeera Airlines selected the company’s AirGain product to dynamically adjust prices with real-time, accurate and high-quality airfare data,” said the company. Also said, AirGain was able to meet the needs of Jazeera and provide all data.

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AirGain has been specifically designed to enable revenue managers to adapt to the post-pandemic era by offering market insights and competitive intelligence in an easy-to-understand user interface allowing revenue teams worldwide to make the right pricing decisions and unlock new revenue opportunities every day.

Commenting on the partnership Antony Oliver Fernandes, assistant vice president of revenue optimization & network planning at Jazeera Airways, said, “As travel comes back amid uncertainty driven by inflation, pricing accurately becomes more critical for airlines. This is impossible without a reliable solution that provides 24 support and real-time intelligence that is easy to understand and act. AirGain fulfilled all of these criteria for us and was the right choice for our team”.

The company has to provide SaaS solutions for travel and hospitality. More than 2200 customers in over a hundred countries help to accelerate revenue generation through acquisition, retention and wallet expansion shares.

The company’s net profit is Rs 8.42 crore compared with a net loss of Rs 1.38 crore in the first quarter of FY23 over the first quarter of FY22. The net sale rose 59.2 per cent year on year to Rs 119.30 crore at the end of the first quarter of 2022.