RateGain shares rise over 2% on deal with Malaysia Airlines for AI-powered pricing intelligence

In an exchange filing, the company said the partnership aims to elevate Malaysia Airlines' performance on domestic and international routes.

Malaysia Airlines will use RateGain's advanced AirGain price intelligence solution to refine pricing strategies, optimise daily expansion opportunities, and enhance customer satisfaction.

RateGain shares rise

Following the announcement, the company's shares were trading 2.43% higher at ₹804 on the NSE in the early trade. They gained 1.6% to ₹797.4 on the BSE.

Vinay Varma, Senior Vice President and General Manager at AirGain, remarked, "Our AirGain solution will allow Malaysia Airlines to set new benchmarks in the commercial aviation pricing domain".

Ahmad Luqman Mohd Azmi, Chief Executive Officer (CEO) of Airlines at Malaysia Aviation Group, the parent firm of Malaysia Airlines, stated, "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".

RateGain is a global provider of AI-powered software-as-a-service (SaaS) solutions for the travel and hospitality sector. Established in 2004, the company works with 26 of the top 30 hotel chains, 4 of the top 5 airlines, and 25 of the top 30 online travel agents, among others.

The company had reported a 47% year-on-year (YoY) increase in net profit to ₹50 crore in the fourth quarter of FY24 as against ₹34 crore in the year-ago period.