Avianca Selects Travelport’s Fare Verified Audit Tool

Travelport Airline IT Solutions, a division of Travelport serving the IT needs of airlines and travel suppliers worldwide, said that Avianca, the Bogota-based Colombian flag carrier, has implemented Travelport Fare Verified – Travelport’s next-generation fare audit technology for the airline industry.

Fare Verified will enable Avianca to identify and stop revenue loss by performing an audit on each itinerary. Travelport’s solution will verify the accuracy of fares, rules and taxes, and give Avianca the ability to intervene and correct under- or over-collection of fares.

“Avianca is developing initiatives to grow and operate more efficiently to benefit its clients. One of our priorities is to ensure rate integrity and competitiveness,” said Fabio Villegas, president of Avianca. “To do so, Avianca has signed an agreement with Travelport to adopt optimum technologies to protect its revenues, thus becoming one of the most important operational strategies implemented in this field.”

“Fare Verified takes airlines to a level of operational efficiency that cannot be achieved without a focus on revenue integrity and the technology to stop associated revenue loss,” said Sue Powers, CEO for Travelport Airline IT Solutions. “Avianca recognizes that there are many areas where revenue leakage can occur within an airline, particularly at the point of sale when the correct ticket amount is not collected.”

Travelport Fare Verified was developed to help airlines stem the loss of millions of dollars in annual revenues due to incorrectly priced tickets. While post-ticketing fare audit tools have been available to airlines for some time, Fare Verified’s pre-ticketing audit capabilities and real-time Web-based reports make it possible for airlines to conduct comprehensive internal fare audits, take preventive action to stop issuance of incorrectly priced tickets and ensure accurate collection of revenues due to the airline.