The cost of flight delays is immense. Whether inflicted by mother nature, man-made bottlenecks they add up to a more than $71 billion annual hit on the economy. Even minor delays are costly. When airlines make an error in calculating the gate arrival time—what’s referred to as “average error time” in the industry — the flight is already off schedule by seven minutes.
Flights that miss their scheduled gate arrival time by just a few minutes rack up millions of dollars in annual cost overruns for airlines and airport operators. Every minute in flight-reduction time could save, over the course of a year, more than $6 million in annual crew costs and fuel consumption.
GLASSBALL build a industry-beating algorithm for more accurately predicting when flights can be expected to arrive at their destination avoiding a domino effect of bottlenecks on the ground that quickly spread to the air. Enabling our customers to cut monthly cumulative delays from 2,400 minutes to just 200 minutes resulting in less holding pattern and thus fewer gallons of fuel burned and lower emissions.
- Improve runway and gate arrival time prediction by up to 40%
- Reduce unnecessary crew costs by up to 3%
- Cut fuel costs by up to 2%