SAN JOSE, Calif., Feb. 24, 2014 /PRNewswire/ -- FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced that leading airlines worldwide are using FICO® Xpress Optimization Suite, the premier mathematical optimization software for modeling and solving massively complex problems. These airlines use FICO Xpress to improve operations and deliver safe and reliable transportation to millions of passengers.
"Today's airline industry is intensely competitive, fuel prices are high and airlines are operating on razor-thin margins," said Daniel McConaghy, president for FICO in Asia Pacific. "These challenges require airlines to build efficiency into every part of their operations, and they are increasingly turning to analytics to do this. Airlines are using FICO Xpress Optimization Suite to help make critical decisions around fleet planning and scheduling, maintenance, repair and overhaul, capacity planning, flight planning, crew allocation, price optimization and operational controls."
"Sometimes the difference between a flight being profitable or losing money comes down to just a couple of unsold seats," said Ms.Guitao Yu, deputy manager of Information Centre at China Southern Airlines. "As the biggest airline in China, it is essential for us to continue to find ways to optimize our business and use analytics to solve complex problems."
FICO also works with leading transportation solution providers who use FICO Xpress Optimization Suite as a core part of their offerings such as Constraint Technologies International headquartered in Melbourne, Australia.
"For our airlines customers, including the likes of Malaysian Airlines, it's critical to generate optimal pairing, rostering and disruption management solutions, solver performance and first-rate support," said Julian Warner, vice president, Airline Systems, Constraint Technologies. "FICO's ability to help us deliver tremendous reductions in runtimes allows our customers to generate more solutions in the same timeframe, leading to better decisions. Combine this with their excellent support, and FICO clearly is the provider of choice in our work with airlines around the region."
FICO has been providing optimization services to airlines across Asia, the Americas and Europe since 2008.
FICO® Xpress Optimization Suite was the first optimization software with 64-bit ultra-large-scale optimization for solving massive problems, and version 7.5 makes it easier than ever to use distributed, cloud-based optimization services to crunch the numbers. FICO Xpress is also the optimization engine inside FICO solutions such as FICO® Decision Optimizer and FICO® Analytic Offer Manager.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption — such as the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.