Market Overview

Jeju Air Selects PROS to Accelerate Revenue Growth

Share:

The South Korean low-cost carrier chose PROS' industry-leading
revenue management solution for its actionable insights and
industry-leading forecasting capabilities

PROS®
(NYSE:PRO), a provider of AI-powered solutions that optimize selling in
the digital economy, today announced that Jeju Air has selected PROS to
strengthen its revenue management capabilities. PROS
Revenue Management
was chosen due to its intuitive functionality,
scalability, accurate forecasting and insights, which Jeju Air will use
to optimize revenue and support its business objectives.

Based in Seoul, South Korea, Jeju Air is a low-cost carrier that
currently has 55 regular routes across 40 cities in the Asia-Pacific
region with 37 aircraft. Planning for continued success over the next
few years, Jeju Air recognized it would benefit from a strong revenue
management system that was flexible and could handle its current and
future business models and support its targeted growth.

"We needed a revenue management system that offered flexibility to
support our short- and long-term goals," said MyungSeop Yoo, Chief
Commercial Officer of Jeju Air. "We selected PROS Revenue Management to
help our company grow as we expand our destinations and fleet. Beyond
its best-in-class technology, PROS will play a strategic role in
training our team on the latest revenue management best practices, which
will enable us to accelerate our growth."

PROS Revenue Management combines the company's revenue management
expertise with automation to help airlines make confident decisions. It
features science-based demand forecasting and optimization with decision
support. PROS Revenue Management features specific functionality to
benefit the LCC and point-to-point market, which leverages the strength
of PROS Origin and Destination (O&D) network level capability.

"Jeju Air is the first and the largest low-cost carrier in South Korea,"
said PROS Travel President Benson
Yuen
. "It required a solution that would continuously evolve along
with its needs to provide the best options to customers while achieving
profitable network growth. We are honored to help Jeju Air on its
journey of delivering value and maximizing revenue."

To learn more, visit the PROS website
or follow PROS on Twitter at @PROS_Inc.

About PROS

PROS
Holdings, Inc. (NYSE:PRO) provides AI-powered solutions that optimize
selling in the digital economy. PROS solutions make it possible for
companies to price, configure and sell their products and services in an
omnichannel environment with speed, precision and consistency. Our
customers, who are leaders in their markets, benefit from decades of
data science expertise infused into our industry solutions.

Forward-looking Statements

This press release contains forward-looking statements, including
statements about the functionality and benefits of AI-powered solutions
to organizations generally as well as the functionality and benefits of
PROS software products. The forward-looking statements contained in this
press release are based upon PROS historical experience with AI-powered
solutions and its current expectations of the benefits of AI-powered
solutions for organizations that implement and utilize such software.
Factors that could cause actual results to differ materially from those
described herein include the addressability of an organization's
AI-powered solution needs, the risks associated with PROS developing and
enhancing products with the functionality necessary to deliver the
stated results and the risks associated with the complex implementation
and maintenance of AI-powered solutions such as PROS software products.
Additional information relating to the uncertainty affecting the PROS
business is contained in PROS filings with the Securities and Exchange
Commission. These forward-looking statements represent PROS expectations
as of the date of this press release. Subsequent events may cause these
expectations to change, and PROS disclaims any obligations to update or
alter these forward-looking statements in the future whether as a result
of new information, future events or otherwise.

View Comments and Join the Discussion!
 
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com