The situation
A key player in the aviation industry, dependent on Excel for forecasting. Accuracy was low, resources were used inefficiently, and confidence in the forecast was lacking.
The challenge
- Adapting to market trendsOperations struggled to keep up with fast-changing market dynamics.
- Inefficient use of resourcesExcessive time went into forecasting, taking time from other strategic work.
- No robust methodHeavy reliance on Excel gave subpar accuracy.
What Indicio did
- Built multiple forecasts quickly, with weighted results within minutes.
- Visualised the weighted forecasts with Shapley values that explain each deviation.
- Simulated what-if scenarios, such as changes in GDP or ticket fees, and their effect on key variables.
The result
Less time on forecasting
More precise and efficient planning.
One number at every level
Uniform forecasts across all levels, for a coherent strategy.
Confident on passenger demand
Advanced models support strategic decisions and expansion initiatives.