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Abacus Waives Standard Subscription Fees on FareX

Travel News Asia Latest Travel News Podcasts Monday, 27 April 2009

Recognising that many airlines need a boost amid tough conditions in the travel industry this year, Abacus is waiving all the standard subscription fees for its popular Abacus FareX solution.

Airfare pricing is some of the most dynamic pricing of any industry, anywhere in the world and the 12-month fee waiver on Abacus FareX will make it even easier for travel agents to stay on top of the ever-changing picture of net fares which change by the hour and day, said Brett Henry, the companys Vice President Marketing.

With a range of 59 airlines spanning 19 markets distributing their net fares through the Abacus FareX system, the Abacus move will help save airlines up to US$200,000 per year.

The older channels make keeping track of net fare changes a chore and often result in inaccurate fare quotes or misinterpretation of fare rules, leading to travel agents incurring Airline Debit Memos (ADMs). Apart from the considerable financial impact, airline debit memos can also be the cause of strained relationships between travel agencies and airlines, Mr Henry said.

Built into Abacus FareX are pricing tools that allow travel agents to search for the lowest special fares with automated guaranteed pricing, ticketing and complete rules validation.

Mr. James Yu, Vice President, of China Airlines Taiwan, welcomed the fee waiver from Abacus, saying, In the current environment many airlines are looking to reduce their costs and every bit makes a difference. We applaud Abacus move with its Abacus FareX solution which is rapidly becoming an industry essential as net fares proliferate.

See other recent news regarding: Travel News Asia, FareX, Abacus

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