EDS Technology Enhances Profitability By Improving Transaction Controls
HONOLULU, February 19, 1997 -- Hawaiian Airlines, Inc. (ASE and PSE: HA) has signed an agreement with EDS (NYSE: EDS), a leading provider of information technology services in the travel and transportation industries, to implement a state-of-the-art automated revenue accounting system called RevTrackSM. By providing instant information on passenger sales, refund processing and other vital accounting functions, the new system is expected to enhance Hawaiian's profitability through improved transaction controls.
The RevTrack integrated data system is designed to help airlines increase revenues and cash significantly on the front end of the ticketing transaction, when RevTrack instantly reconciles sales information with pricing and ticketing rules and provides easy-to-interpret analysis of data.
"As we strive to maximize revenues in this intensely competitive business, the advanced technology of RevTrack gives us opportunities for greater control over those revenues, which should improve profitability at Hawaiian," said Bruce R. Nobles, Hawaiian Airlines president and chief executive officer.
Nate Lanford, president of Air Transport Services at EDS, said, "RevTrack allows an airline to know everything it needs to know about its revenue, maximizing controls, finding errors and, perhaps most importantly, recovering lost revenue from unreported sales. It makes auditing easier and faster, improving efficiency and productivity of passenger revenue accounting."
Under the new agreement, EDS will install and maintain the RevTrack system at Hawaiian, and provide personnel training. Hawaiian expects the system to be on-line by the end of 1997.
EDS debuts the RevTrack name with the Hawaiian Airlines agreement, although the company's revenue accounting system is already successfully employed at several other major air carriers, such as Southwest Airlines and Aeromexico. EDS is also implementing RevTrack at Continental Airlines.
EDS' Air Transport Services business unit provides a full range of flexible, value-based information technology services and products to more than 120 customers in the global air transport industry.
EDS is a leader in the global information services industry. The company's more than 95,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, service and customer relationships. EDS, which serves customers in 42 countries, reported revenues of $12.4 billion in 1995. EDS can be visited via the Internet via http:// www.eds.com.
Hawaiian Airlines, the nation's 12th largest airline, provides scheduled and chartered air transportation of passengers, cargo and mail among the islands of Hawaii and between Hawaii and five West Coast gateway cities and two destinations in the South Pacific.