Robotic Process Automation in the Aviation Industry – Benefits and Opportunities

Robotic Process Automation in the Aviation Industry – Benefits and Opportunities

Robotic Process Automation (RPA) in the airline industry is an obvious path towards greater business opportunities and optimization for the industry. It brings quality, speed, compliance and lowered costs. Although many aspects of the revenue accounting field are ripe for revenue accounting automation, it is relatively easy to achieve at least semi-automation in passenger revenue accounting.

Some estimated benefits that RPA can provide to the aviation industry are:

  • Cargo revenues will reach a near-record $110.8 billion in 2020, approx. 26% of industry revenues. Investing in RPA will help maximize the future impact of cargo revenue.
  • Cargo Volumes are predicted to drop 10.3 million tonnes to 51 million tonnes in 2020, meaning cargo rates will go up. RPA could help manage this dynamic paradigm shift.
  • Airline debt will reach $550 billion by the end of 2020, about 92% of predicted 2021 revenues. Better financial management will be essential to aviation’s recovery.

 

If you want to reduce cost and boost revenues in aviation with Robotic Process Automation while navigating the crisis, download this white paper.

Download this white paper on RPA in Aviation to learn about the potential of RPA in reducing cost and boosting revenues.

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