RateGain Share Price Surges on Multi-Year Deal with Malaysia Airlines for AI-Powered Rate Intelligence

RateGain Travel Technologies Limited's stock surged 5% on July 9 following the announcement of a multi-year partnership with Malaysia Airlines Berhad, the national carrier of Malaysia.

As of 10:26 am IST, RateGain share price was trading at ₹821.05 on the National Stock Exchange, up 4.61% from the previous close. The partnership will enable Malaysia Airlines to leverage RateGain’s advanced AirGain platform, enhancing its competitive edge through superior pricing intelligence capabilities. 

In an exchange filing, the Indian firm stated that this collaboration is designed to boost Malaysia Airlines' performance across its network of domestic and international routes.

Ahmad Luqman Mohd Azmi, Chief Executive Officer of Airlines at Malaysia Aviation Group, the parent company of Malaysia Airlines, commented, "Our partnership with AirGain aligns perfectly with our strategic goals, allowing us to make data-driven decisions that keep us at the forefront of the competitive aviation industry. This partnership empowers us to strengthen our position and continue to be the gateway to Asia and beyond."

The integration of the AirGain platform is expected to position Malaysia Airlines competitively amidst significant competition, setting market trends by providing real-time insights into competitive pricing. This advantage is crucial for sustained growth and competitiveness on both regional and international stages.

The airline will utilize AirGain’s "cutting-edge" price intelligence solution to refine pricing strategies, optimize daily opportunities for expansion, and enhance customer satisfaction.

Vinay Varma, Senior Vice President and General Manager at AirGain, said, "This collaboration not only signifies a leap toward advanced pricing intelligence but also underscores our commitment to enhancing the competitive dynamics of the airline industry.”

RateGain Travel Technologies Ltd is a SaaS company serving the hospitality and travel industry, offering solutions across various verticals, including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries. The majority of its revenue comes from the United Kingdom.