Passenger Revenue Accounting (PRA) is a critical and complex business process that is designed to control the airline’s forward sales account, to ensure cash is collected for all revenue earned and to provide revenue information for key decision makers in the business.
Outsourcing of this computer-based and people-intensive activity is becoming increasingly common within the Industry as airlines focus more on their core business and seek more ways to improve financial performance.
WHAT MAKES US DIFFERENT? The PRA service provided by AVIAREPS in cooperation with its partner Tiralis Global, an airline accounting and finance solutions specialist, offers all the typical cost and quality benefits of outsourcing and much more. We look beyond the legacy approach to PRA and put in place tailored solutions driven by airline business objectives using innovative operating models managed by airline accounting professionals.
Standard PRA services
First coupon-based revenue evaluation principles
- Integration with e-ticketing databases
- Integration with reservations and DCS systems
- Maintenance of reference data tables
- Flight uplifts capture and accounting
- Sales capture and accounting
- Agent and corporate account billing
- Revenue evaluation (proration)
- Reconciliation of forward sales account
- Outward Interline billing
- Inward Interline bill checking and recovery
- IATA Clearing House settlement forms
- Recovery of unreported sales
- Commission payables, checking and recovery
- Ticket tax payables
- Journals for posting to financial ledgers
- Standard revenue information reports
Optional add-on services
Note: These services can also be provided in conjunction with an existing in-house PRA operation and system
Revenue Cycle Management
- Network and business wide
- Key Performance Measures
- Standard Operating Procedures
- Process improvement projects management
Revenue Information Service
- Revenue ‘Dashboard’ for decisions makers
- Multi-dimensional revenue analysis
- Revenue, yield, commission and sales margin
- Pax numbers, ASK, RPK and load factors
- By route, sales area, product and channel
- Drill down to flights, point of sale, agent etc.
- Comprehensive graphical presentation tools
- Revenue planning, targeting and forecasting
- Inputs to Route Profitability model
- Seamless integration with Excel