The current state of the aviation industry could be considered to be almost in a (r)evolutionary phase, with the successful establishment of a "low cost airlines" business strategy being just the beginning.
It would also appear that the pace of the industry is being set by ambitious and financially strong airlines, who are attempting to transform the structure of the industry through mergers and acquisitions.
However, whether the airline is a low-cost operation, or an all-premium service venture, a global flag carrier or a regionally based start-up, each business is heavily dependent on the cash flow that is generated from reliable and secure payment services.
A major proportion of worldwide ticket payments and ancillary airline services are conducted using credit and debit cards, and so it is extremely important that all airline operators have at their disposal a state-of-the-art, yet practical payment solutions system, that accepts all major credit and debit cards in a secure, fast and reliable way.
According to a report from the Centre for Regional Tourism Research, Online sales for the travel market have seen a consistent growth in the last few years, a trend that looks well set to continue. With airline ticket sales accounting for over 55% of the total Online travel revenue, the importance of the internet as a sales channel for the airline industry cannot be underestimated.
Source: Carl H. Marcussen, Centre for Regional and Tourism
Research May, 2007
E-Clear is continually developing new payment solutions for both the Airline and Tourism Industries, and works closely with them to provide the latest in new technology. It supports all the sales channels used by the airlines to reach their customers, and ensures that all credit and debit card payments made to the airline are acquired and processed in a secure and seamless way.
