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Skytra

Skytra

Reinventing risk management for air travel

Who is Skytra?

Skytra Ltd is a fully owned subsidiary of Airbus. Skytra will introduce an innovative and proprietary index family representing air travel ticket prices that cover major geographical regions worldwide.? The indices correlate to airline revenue and can be used by airlines to benchmark their performance.?

The new Skytra indices will help airlines more accurately forecast their future ticket revenues and as a consequence their profits.?

Skytra will also operate a regulated trading venue based on these indices, known as a Multilateral Trading Facility (MTF). This enables the air travel industry to transfer risk and manage revenue volatility through the use of hedging instruments, such as financial futures and options contracts. The proprietary indices will be used to price these standardised futures and options contracts admitted to Skytra’s trading venue.

Discover more at Skytra.com

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Skytra - Reinventing Risk Management for Air Travel

 

What solution does Skytra offer?

Airlines have little visibility into future revenues. Ticket prices are volatile and up to 90% of the tickets are only sold in the last 90 days before take-off (1). Yet they have long-term investment decisions with multi-year financial commitments to manage.?

Today airlines already use financial instruments to reduce risk exposure to unpredictable changes in the cost of fuel, interest rates on loans and foreign currencies. Currently hedging is only available on the cost side of the balance sheet, as there have been no products available to do the same on the revenue side – until now.

Skytra’s risk management products will help the air travel industry manage revenue risk and help predict future income.

To undertake these activities, Skytra is applying to be regulated by the United Kingdom’s Financial Conduct Authority (FCA) as a Benchmark Administrator (BA) and operator of a MTF.

Finally we will have a risk management instrument tailor-made for the air travel industry that will help us manage our exposure to ticket price volatility more efficiently.

Christine Rovelli, Head of Treasury at Finnair

1 Skytra proprietary data analyses. Each market is different and trending toward more last minute bookings. E.g 90% of Asia Pacific bookings are made less than 65 days before travel, 85% of global bookings are made 90 days before travel.?

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