Grach Muradyan Airline Business Group / Moscow 22 November 2005 © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDSs – facing new challenges Agenda Low Cost Carriers – changing business model Deregulation & MIDT – changing distribution terms Internet – changing distribution environment GDS business - changes for survival What the future could bring © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDS creation – The “Golden era” GDSs – the airlines babies… 1962 - Sabre / first real-time inventory system implementation ( AA / IBM ) 1987 - creation of Galileo (Covia / UA, BA, KL, SR…) 1987 - creation of Amadeus (AF, LH, IB, SK) 1990 - creation of Worldspan (DL, TW, NW) * All trademarks respected © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDSs were created by the airlines for joint distribution GDSs – the golden days… 16.0% 14.0% 13.6% 12.0% 14.3% 12.9% 10.0% 8.0% 6.0% 4.0% 4.7% 2.0% 0.0% Airlines Sabre Galileo Amadeus Net margins of GDS & Airlines / US (1999). © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDSs net margins significantly exceeded those of airlines Nothing lasts forever… Low Cost Carriers (LCC) use alternative distribution channels / business models and technologies Traditional carriers ( “GDS Godfathers” and main feeders) loose significant business segment to LCC Marginal situation in civil aviation in general – the 3rd structural / industrial crisis End-users learned to book on the airlines sites worldwide CRS deregulation by DoT & EEC Traditional revenue sources under question (MIDT issues) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDSs – facing new century challenges “We weren’t just airborne yesterday…” © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? “ If you get your passengers to their destinations when they want to get there, on time, at the lowest possible fares, making sure they have a good time doing it, then people will fly your airline.” ( Rollin King & Herbert D. Kelleher, Southwest establishers, 1971 ) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? Southwest - “… being busy these past 33 years…” Began service June 18, 1971 with head office in Dallas, TX 32 consecutive years of profitability Exceeded billion-dollar revenue mark since 1989 Largest US airline in terms of domestic volume Year 2004 results Nearly 3,000 flights per day More then 31,000+ employees in the airline Total 70.9m pax 2,287 pax per employee ( SU / 2004: 466 ) Total operating revenue: $ 6.5 billion Net income: $ 313 million © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? Passenger load factor 69.5% Number of destinations: 60 airports Average trip length: 758 miles; 7 daily flights per aircraft 12.5h average daily aircraft flights length 1.45h average flight length Fleet unification - 429 Boeing 737 (average age - 9 years ): TYPE NUMBER SEATS B737 – 300 194 137 B737 – 500 25 122 B737 – 700 210 137 © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? Southwest was the first airline to establish a home page in the internet $91.15 average one-way airfare (for average 758 miles) 59% revenue generated by southwest.com southwest.com is the number one airline website for online revenue ( “ PhoCusWright “ / 2004 ) less then $1 cost per booking via internet less then $4 cost per booking via airline reservation agent less then $6 cost per booking via travel agent 60 full-time employees interactive marketing team © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the booking engine “Traditional” carriers have to follow Southwest fares © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCC – Southwest Airlines, the classical sample ? Regulations for GDS – some history Airlines complained on competitors, e.g. CO stated its discounted fares never shown in Sabre (initially owned by AA). Later a former senior AA staff stated under the oath a feature was programmed into the Sabre that allowed these fares to be suppressed, for the AA management to investigate the viability of matching these fares* Travel agencies were frustrated at the comparatively laborious & time-consuming of booking on non-owner airline, as well as contracts clauses * “The History and Outlook for Travel Distribution in the PC-Based Internet Environment”, “Global Aviation Associates Ltd.”, 2001 © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden At the time regulations started all the GDSs belonged to airlines - as a result, everybody was complaining: Regulations for CRS – history / USA case neutral primary display (Part 255.4, Code of Federal Regulations, CFR), secondary displays could remain biased; display criteria's to be disclosed upon the request; all the CRS enhancements to be offered to all participant airlines on the equal level (CFR 255.5); airline-owners to participate on equal level in the other CRS thus not making an advantage re own CRS (CFR 255.8); commissions to TA for using particular CRS prohibited, max contract length to be 5 years (CFR 255.6). © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden June 1983 the Civil Aeronautics Board (CAB) developed a report (upon Congress request), investigating the charges of anti-competitive behavior in four major arias: display, booking fares, booking data & contract terms. 11 November 1984 CAB adopted regulations for CRS: Regulations for CRS – history / EU case 24 July 1989 “Council Regulations (EEC) No 2299/89 “ was introduced (amended in 1993 and 1999): Ranking on the flight options in the principal display …must be in the following order (Annex 1.1) all non-stop direct flight between the city-pairs concerns all other direct flights, not involving a change of aircraft connecting flights If a system vendor has decided to add any improvement, … it shell offer these improvements to all the participating carries… with equal timelines and same terms … (Article 3.4) Loading facilities shell be offered to all parent and participating carriers without discrimination … (Article 4a.1) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden European Union regulations (“Code of Conduct for CRS”) Major changes had happened since the last DoT revision for CRS rules (1992): the airlines’ growing use of Internet has weakened their dependence on the (GDS) systems Sabre (wholly publicly owned since 1999) and Galileo (acquired by Cendant in October 2001) are not controlled by the airlines anymore (as well as the Worldspan, which was purchased by Citigroup & Teachers‘ Merchant Bank 4.04.2003 ) Thus, from four GDS, three are not airline owned anymore Based on this & in order to force competition between GDSs, 12.11.2002 US DoT issued Notice of Proposed Rule Making (NPRM) ( http://www.dot.gov/affairs/CRSrule.htm ) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Regulations for CRS – “ back to the future ? ” Key NPRM proposed changes include: Eliminating the requirement that each airline with an ownership interest in a CRS should participate in a competing system at the same level at which it participates in its own Eliminating the rules prohibiting discriminatory booking fees Keeping the ranking criteria maintained Keeping internet out of regulation Consideration of shorter contract terms for travel agencies Prohibiting agency cash inducements tied to segments. The general question - Should the CRS rules be maintained? ( Mr. Bill Mosley, DoT / +1 202 366 5571 / May 5, 2003) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Regulations for CRS – “ back to the future ? ” American Airlines filed comments to Dot (25 March 2003): Welcomed eliminating of mandatory participation rules & of prohibition for discriminatory booking fees Appreciated recognition of CRS contracts “parity clauses” as anticompetitive, thus forcing CRS price competition, “which should drive down distribution costs” Appreciated non-regulations for Internet sales Urged DoT to maintain its ban on display bias Proposed three-year sunset date on CRS regulations American claimed net booking fees rate growth was 5.3% to 6.3% yearly (1995 – 2000), while Consumer Price Index growth was just 2.4% yearly © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Regulations for CRS – “ back to the future ? ” Revision objectives : reduce the obligations under the Code of Conduct (under consideration now) Obligations vis-à-vis participating carriers Obligations to end the non-discriminatory policy: For fees & parent carrier clauses For existing and newly developed services Fees no longer have to be reasonably structured & related to costs Obligations on neutral display to remain Obligations vis-à-vis subscribers Obligations to end the non-discriminatory policy: both for fees and for existing and newly developed services © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Regulations for CRS – Europe Union Commission Internet – a new battlefield ? Widest geography & client base, unlimited access channel No need for end-user tool distribution, support & education Requirement for user-friendly, multilingual & intuitive interface Requirement for advertising of particular site / services No booking / availability checking / abusing responsibility Requirement for payment procedure provision (e.g. credit cards) Requirement for some ticketing solution (e.g. ET, a/p ticket), etc… © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Compared with the traditional distribution channels (e.g. travel agency terminals, airline call centers, ATO/CTOs), Internet has the following specifics: Internet – a new battlefield ? The costs for a booking is not fixed, as in case of GDSs The look to book ratio is very low (2% to 5%) Unlike the GDSs terminals, Internet is not targeted for a specific service request, while providing the general information space Unless supported (by some consolidator / CRS / GDS in the background ) needs the scope of related services / providers to be created (e.g. interline connections), making end-user to combine these himself Has a huge permanently growing potential… © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Compared with the traditional distribution channels Internet has the following specifics: Internet – a new battlefield ? © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden LCCs use Internet as their primary distribution channel Internet – a new battlefield ? © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Traditional carriers are also increasing direct channel sales (Qantas site, based on Amadeus FlexPricer ) 500 450 400 350 300 250 200 150 100 50 0 A de ma us S ab re Gal ky i l eo pan ve l s rl ds a r o T W A ba c us A xe ss T op as ni I nf i 2003 2004 © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDS business: facts and figures net bookings per year GDS business: changes for survival… The major survival policy is business diversification, which in particular include: Finding reasonable / balanced solution for LCC implementation while keeping the “traditional airlines” E-commerce development for airlines & travel community IT services development - within a long-term strategy Non-air revenue increase (hotels, cars…) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDS are adapting to the changing business environment in order to survive (…remember dinosaurs… :-) Amadeus welcomes LCCs Airline name Code Country AirTran Airways FL USA Virgin Express TV Belgium Sterling NB Denmark Germanwings 4U Germany Hapag-Lloyd Express X3 Germany © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Some of 30+ LCCs, which are now participating… Amadeus welcomes LCCs Hosted mostly in “Open Skies” inventory system (Navitair, Salt Lake City, USA - like most of LCCs worldwide) Implemented in Standard Access (AIRIMP) level only Tending increasing their fares via GDS versus the ones shown on their proprietary websites, thus covering the GDS booking fee Using GDS as an complementary distribution channel © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Amadeus participating LCCs are: Amadeus welcomes LCCs © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden April 1st, 2003 – germanwings were implemented in Amadeus Amadeus welcomes LCC © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden germanwings.com Amadeus welcomes LCC © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden germanwings – participating, but on the lowest level Internet – a new battlefield Involving internet as a media to establish the terminal-tohost (or host-to-host) link as a cheap “last mile” (e.g. Amadeus “Proweb” & “Vista” Front office products) Involving internet as a marketing environment for airline & travel agency web sites to reach the end user for promoting, bookings creating and tracking with graphical intuitive interface (including WAP usage) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden The two principal ways GDSs use internet Internet – a new battlefield Travelocity (Sabre) Opodo (Amadeus) Orbitz.com (Galileo / Cendant) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Portals with GDS behind allow to use the already existing GDS functionality (as well as links with the providers airlines, hotels, car companies), while ensuring widest internet audience. Some GDS-powered portals include e.g.: © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Internet – a new battlefield ( Amadeus Opodo ) Internet – a new battlefield… ( * Opodo was established & owned by 9 European airlines: Aer Lingus, Air France, Alitalia, Austrian Airlines, British Airways, Finnair, Iberia, KLM and Lufthansa). © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden The global online travel sector is expected to triple in growth over the next few years. In order to consolidate all kind of internet-related developments and within the business diversification Amadeus dedicated E-travel division was created in March 2002 Amadeus strategic investment resulted in owning of 37.67% in Opodo* (which has more then 20% of European online air bookings). Amadeus online ventures around the world include shareholdings in travel.com.au (Australia), Rumbo (Spain & Latin America), 1travel.com (US), eviaggi (Italy), Travellink (Scandinavia) and Vivacances (France). Internet – a new battlefield… No. 1 supplier of e-commerce technology for airlines powering more than 140 websites for over 60 airlines 880+ travel agency sites 255 corporate sites 20+ hotel sites Growing faster then the online market in general during the year 2004 Worldwide growth in Internet bookings : 30% Amadeus growth in Internet bookings : 72% 42 (of total 454) million online segments in 2004 © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Amadeus E-Travel division - facts and figures (Sep 2005): © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Internet – a new battlefield (VV / Amadeus API)… Internet – a new battlefield (AF/Russia by NMC) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Hosting market worldwide: 30 % Unisys (USAS based) and 70 % IBM (PARS/TPF based) solutions – “traditional” airlines Hosting in “OpenSkies” / HP (25+ airlines) - mostly LCCs Current hosting systems, including SITA Gabriel (“Second Generation”) are based on 30 years old solutions, a lot of patches, not modifiable anymore, not fitting good to revenue management systems © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Business diversification – IT services Airlines are demanding the New Generation Inventory, Departure Control, E-ticketing and other IT systems The IT services are a long-term businesses ! Business diversification – IT services GDS IT / hosting services are providing background for the GDS distribution services, e.g. Sabre entering in Russian market within / due to SU migration At least two new truly third generation inventory solution offers on the market for full service airlines (not TPF/PARS or USAS based): Amadeus Altea new generation inventory solution UNISYS “AirCore” platform © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden GDS business diversification includes emphasizing hosting and other IT services: Internet is mainly influencing distribution while there is always demand for hosting solutions Business diversification – IT services Expected time to retire legacy systems Within the next year 1-2 years 16% 14% 3-5 years 29% 5+ years 23% Average expected time to retire legacy systems: 3.9 years No Answer 18% © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden In 5 years most of the airlines plan to have retired their legacy systems Business diversification – IT services IT functions already moved/planning to move to ASP mode Reservation 59% Departure control 11% 58% 9% 18% 12% 21% 12% Cargo Reservation 31% Frequent Flyer Application 26% Revenue Management Airline Operation Planning 15% 15% 22% 28% 18% 9% 37% 56% 5% 19% 19% 20% 56% 24% Financial Systems 11% 10% Already moved to 56% Plan to move Source: Airline IT trend survey 2005 – SITA / Airline Business Sample: 90 airlines from all regions and sizes 23% Keep in house No answer © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Most airlines are now ready to outsource their PSS Business diversification – IT services Lack of investment / Reduced budget 39% Lack of IT people with airline experience 11% Too much resources on tactical projects 14% Lack of skilled IT people 13% Resources focused on maintaining legacy systems Internal dev. too long/too expensive 8% 4% Lack of top managt/board level support Technology is not yet ready Source: Airline IT trend survey – SITA / Airline Business Sample: 109 airlines from all regions and sizes 10% 3% © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden But they can’t handle any more significant IT projects on their own Main airlines’ obstacles to achieving their IT strategy Amadeus product development power A team of 2,000 experts Allocation of resources Skilled in new technologies Continuous investment on new projects and new solutions Airline IT 35% Central System 21% Fare Quote 10% €300 M investment on Altéa Cumulated 2000 - 2004 E-Commerce 12% Point of Sale 22% © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Business diversification – IT services Business diversification – IT services Customer base Implemented in 2004: Qantas Implemented in 2005: BA, dba, Finnair Implementation plan for 2006: SAA, Pulkovo Signed: LH, UA, common platform for Star Alliance Delighted first customers “I am writing to all of you to thank you very much for your half of the very excellent team work which has allowed ‘New Generation Inventory’ to be such a success. I have the most delighted customers here at Qantas. Our Inventory Management business areas are very impressed.” Fiona Balfour, CIO Qantas © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Amadeus Altéa Plan inventory solution – implementation status Business diversification – IT services References in all major alliances Altea Sell / Plan Community: • 155 FSCs (1/3) • 400 M Pax (23%) E Ticketing Community: • 60 FSCs (1/3) • 900 M Pax (1/2) oneworld: Star: SkyTeam: BA, QF, Finnair, IB LH-LX, UA, SAA AF-KL References in each airline segment Major: Network: Medium: UA, AF-KL, LH-LX SAA Pulkovo Leading E Ticketing community 35 ETS users (206 M Pax) 2 Gateway users (48 M Pax) 23 other airlines connected (650 M Pax) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Amadeus Altea airlines community is already impressive Internet sites are acting as “consolidation / distribution” tool, directly reaching the end-users Portals using GDSs in background Portals (same time) where possible trying to bypass GDSs, thus establishing direct link from the web site to an airline inventory systems (“Orbitz “ “Supplier Link” project ) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Witnessing the Future – would you still call this “GDS “ ? Client Client TA X TA X Client TA Y TA X TA Y Internet Internet Web Portal Web Portal TA Y GDS Airline X GDS Airline Y Airline X GDS Airline Y Airline Y Airline Y Distribution model evolution - every option is available now ! © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Witnessing the Future – would you still call this “GDS “ ? A future scenario – distribution channels more diversification Web portals and airline websites (with / without GDS behind): Simple journeys & fare structure, no connections No discounts / services on board End-user oriented LCCs as providers (short-haul flights mainly) Traditional GDSs distribution: Complex journeys & fares, online / interline connections Full onboard services Travel agencies & corporate oriented Traditional airlines as providers (long-haul flights mainly) © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Witnessing the Future – would you still call this “GDS “ ? Are GDS and Portals moving towards each other ?… GDS WEB PORTAL ? E-commerce developments “Supplier Link” developments Where are we finally going ? There would still be a place for every distribution channel ! © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Witnessing the Future – would you still call this “GDS “ ? © copyright 2005 - AMADEUS Travel Technology Group S.A. / all rights reserved / unauthorized use and disclosure strictly forbidden Thank you !