Cirium’s New Aviation Analytics Tools Will Accelerate Digital Transformation and Sustainability in the Aviation Industry

Rhea-AI Summary

Cirium launches new aviation analytics tools to accelerate digital transformation and sustainability in the aviation industry. The new capabilities include CO₂ emissions forecasting, situational awareness of aircraft, in-depth advance booking analysis, and analytics tools for assessing the value and carbon footprint of an aircraft fleet.

Positive

• Cirium has increased its R&D team by 600% to 70 people and will release six new products in the coming months. These products will provide access to Cirium's data and analytics, allowing airlines to make more informed operational decisions and mitigate flight disruptions. Airports can optimize marketing campaigns and spending by analyzing global booking and demand data. Booking tool providers can offer accurate CO₂ emissions insights. Aircraft lessors and banks can benchmark aircraft CO₂ emissions to inform sustainability targets. Cirium's new products leverage industry-standard data and support the digitalization of the aviation industry.

Negative

• None.

• Cirium launches advanced aviation analytics to support more effective airline operational analysis, CO₂ emissions forecasting and situation awareness
• A new flight analytics capability will allow airports to analyze booking trends, and more accurately map passenger demand
• An analytics tools for financiers will help monitor and benchmark the CO₂ emissions and value of aircraft in a portfolio

LONDON--(BUSINESS WIRE)-- Cirium, the leading aviation analytics company, has committed to supporting the aviation industry accelerate its digital transformation and sustainability goals, with the introduction of a new product suite.

CIRIUM’S NEW AVIATION ANALYTICS TOOLS WILL ACCELERATE DIGITAL TRANSFORMATION AND SUSTAINABILITY IN THE AVIATION INDUSTRY (Photo: Business Wire)

The new capabilities that Cirium now offers, include accurate CO₂ emissions forecasting for flights, situational awareness of aircraft, in-depth advance booking analysis, and analytics tools that help assess the value and carbon footprint of an aircraft fleet.

To support this commitment, Cirium has increased its R&D team by 600% to 70 people and will release six new products over the coming months which give access to Cirium’s proprietary mix of data and analytics.

Airlines will be able to run more in-depth operational analyses for strategic decision-making and mitigate upcoming flight disruption. Airports can now analyze global booking and demand data to optimize marketing campaigns and spend. Booking tool providers will be able to provide accurate CO₂ emissions insights in pre-travel information. Aircraft lessors and banks will be able to benchmark aircraft CO₂ emissions to inform sustainability targets.

Jeremy Bowen, CEO of Cirium, said: “Cirium continues to increase its investment in data science and emerging technologies that are creating new, high value analytics. The new products we are bringing to the market in this release, leverage our renowned industry-standard data and deliver increased visibility to the situations faced by the aviation industry every day.

“Cirium is committed to supporting the digitalization of the aviation industry as it rebounds after a turbulent few years, enabling businesses to make critical decisions around airline operations, mitigating disruptions, offering advanced information pre-travel, and making better aircraft investment decisions which meet fuel efficiency targets.”

Under its machine-readable aviation analytics solution Cirium Sky, there will be three new products:

• Cirium Sky Warehouse surfaces a wealth of historical and forward-looking aviation data and analytics for strategic planning and post-operations analysis and is available through either Snowflake or Amazon Redshift cloud software.
• Cirium Sky API – Emissions provides real-time insights around the CO₂ emissions for each scheduled flight in the future, enabling businesses such as booking tool providers to offer carbon-reduction insights for corporate travel.
• Cirium Sky Stream – Positional offers a live stream of aircraft positional data in real-time for situational awareness.

Under Cirium Diio, the industry-leading solution to managing and optimizing network planning and aircraft movement around the world, a new Advanced Bookings tool will allow airports to analyze booking trends and leverage more proactive insights into passenger demand.

Two products will be revealed under Cirium Ascend, which delivers the 360-degree view of aircraft assets, past, present and future:

• Cirium Ascend Risk Analytics enables aircraft financiers to monitor and benchmark the utilization of aircraft assets in their portfolio and inform strategies to reduce CO₂ emissions.
• Cirium Ascend Value Trends provides key value and liquidity metrics by different aircraft asset classes so financiers can improve return on investment and understand aircraft value risk.

Register here to be the first to find out when Cirium’s new products launch.

In addition to Cirium Sky, Diio and Ascend, the company provides traveler analytics tools via its Cirium Journey apps and services which make the traveler journey smooth and informed, and custom analytics via Cirium Blu which meets very specific, customized aviation needs of businesses worldwide.

---ENDS---

Notes to editors:

About Cirium

Cirium brings together powerful data and analytics to keep the world moving. Delivering insight, built from decades of experience in the sector, enabling travel companies, aircraft manufacturers, airports, airlines and financial institutions, among others, to make logical and informed decisions which shape the future of travel, growing revenues and enhancing customer experiences. Cirium is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. The shares of RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

For further information please follow Cirium updates on LinkedIn or Twitter or visit cirium.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230606005687/en/

For media enquiries please contact:

Cirium PR: media@cirium.com

The PC Agency (UK and Europe): cirium@pc.agency

Juliett Alpha Media Relations (Americas): cirium@juliettalpha.com

TrainTracks (Japan): cirium@traintracks.jp

Source: Cirium

FAQ

What are the new capabilities offered by Cirium?

Cirium now offers CO₂ emissions forecasting, situational awareness of aircraft, in-depth advance booking analysis, and analytics tools for assessing the value and carbon footprint of an aircraft fleet.

How has Cirium increased its investment?

Cirium has increased its R&D team by 600% to 70 people.

How many new products will Cirium release?

Cirium will release six new products over the coming months.

What benefits do the new products provide for airlines?

The new products allow airlines to run more in-depth operational analyses, make strategic decisions, and mitigate flight disruptions.

How can airports benefit from the new products?

Airports can analyze global booking and demand data to optimize marketing campaigns and spending.

What insights can booking tool providers offer with the new products?

Booking tool providers can offer accurate CO₂ emissions insights in pre-travel information.

How can aircraft lessors and banks benefit from the new products?

Aircraft lessors and banks can benchmark aircraft CO₂ emissions to inform sustainability targets.

What is Cirium's goal with the new products?

Cirium aims to support the digitalization of the aviation industry and enable businesses to make critical decisions around airline operations, disruptions, and aircraft investments.