Using the index, you can use data to see the risk related to quoting customers based on these rates and to create urgency to push your customers to book and lock in the price shown to avoid any potential unexpected price changes.
Find out in this article how you can use this tool.
First, search for rates by clicking on the New eBooking button. Enter your shipment details, then click Search flights and rates.
Once your search results have loaded, you’ll see all available options based on the information you previously entered. Next to the airline logo, you’ll also see an arrow graphic. This graphic will either show an arrow pointing upwards, going straight, or pointing downwards.
What do the different arrows mean?
Arrow pointing downwards
If you see that an arrow is pointing downward, it means that prices have decreased or are decreasing.
Arrow pointing upwards
If you see that an arrow is pointing upwards, it means that prices have increased or are increasing.
Arrow is straight
If you see an arrow in a straight line, or not pointing upwards or downwards, it means that rates have maintained the same price, or have not increased or decreased.
What does the circle around each arrow mean?
Around the arrow of each airline, there is a circle which can be empty, half-full, or full.
Empty circle: this means prices have fluctuated in the direction of the arrow in a constant way but have low volatility, meaning they are not prone to changes.
Half circle: this means that airline rates have a trend of fluctuating in the direction of the arrow and have medium volatility, meaning prices can be less predictable.
Full circle: this means that the rates shown are highly volatile and are prone to fluctuations in price in the direction of the arrow.
If volatility is high and the price is increasing a lot, this means you can advise your customer of the urgency to book quickly and make the eBooking sooner rather than later to avoid potential rate increases.
If volatility is high, but the price is showing a downward trend in price, this means you could save more money when making an eBooking if booked sooner rather than later.