Further airlines expected to go to the wall whilst IT expenditure expected to rise
The airline industry is bracing itself for another set of dire profits when the sector reports its half year results in the coming weeks. The industry’s seven biggest carriers reported operating losses of 5.2 per cent in the first quarter of this year, down 7.7 per cent on the same period last year and the projections are that worse is to come.
Most of the world's largest carriers are finding that the rising cost of fuel is crippling business, many experts predict that more airlines are in danger of collapse due to the impact of the sharp increase in the cost of a barrel of oil and the economic slowdown. According to the industry trade body IATA, US airlines alone will spend nearly $60bn combined on fuel this year, $20bn more than the 2007 bill.
More and more airlines are being driven to streamline their operations and create greater efficiencies through the use of innovative IT and outsourcing solutions and programmes .
UK-based global IT services and solutions provider, NIIT Technologies, is working with some of the largest airlines in the sector, to help them reduce costs and streamline their operations.
Senior Vice President & UK Head of NIIT Technologies Ravi Pandey says that IT outsourcing is now no longer seen as an option, but as a method of survival.
“The travel industry is leading the pack of global business in looking at targeted solutions to drive higher yields. The need for specialist service providers is greater than ever. The focus through specialisation in the travel and transport industry has differentiated NIIT Technologies leading to a growing base of satisfied clients.”
NIIT Technologies was ranked No. 1 in the prestigious Black Book of Outsourcing 2008 Travel Industry user survey. The survey covers contracts held by 1200 of the top airlines, hotel chains, cargo companies and other travel corporations globally.
According to the survey findings, NIIT Technologies won the Top Honours and excelled in both sections of Information Technology Outsourcing and Business Process Outsourcing as a bundled ITO/BPO supplier.
The Black Book aids decision making by supplying the most valid and premium knowledge about the complex and dynamic outsourcing marketplace. First released in May 2005 by John Wiley and Sons Publishers, the “Black Book of Outsourcing” is the world’s best selling business book on the subject.
About NIIT Technologies Ltd
NIIT Technologies is a leading IT solutions organisation, servicing customers in North America, Europe, Japan, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including Managed Services and Business Process Management to organisations in the Financial Services, Transportation, Retail, Manufacturing and Government sectors.