Almost every airline I know is using some kind of fuel management software. This is quite logical. On the one hand, fuel still represents a huge cost factor for airlines. On the other hand, there’s a whole bunch of fuel management software available on the market. And every fuel management software aims for different goals when it comes to fuel efficiency.
Airline Fuel Management Software — A Definition First!
We know that the term “Airline Fuel Management Software” can have a thousand different meanings. That’s why we want to quickly explain how we define this term in the context of this blog post.
For us, airline fuel management software describes a system that enables airlines to rely on a digital fueling process. Plus, that means that the entire fueling process chain at an airport is covered by such a system. That includes each process from the initial fuel order until the final provision of a receipt.
Why Airlines Should Go For Another Fuel Management Software?
Airlines are undergoing super-tough times at the moment. The CORONA crisis hits almost every airline in one or another way. And as always is such situations, cost-cutting and saving programs are on top of the agenda.
Call me crazy, but I think that this is exactly the right time to start exploring the potential of a specific solution, called Electronic Fueling. I already wrote some articles about how Electronic Fueling and the fuel management software behind works. On top of that, there are many posts available about the related benefits. Check out these blog posts to learn more about Electronic Fueling and fuel software.
With this post today, I want to provide a more personal view. My thoughts why I think the timing is right for airlines to go all-in with fuel management software and Electronic Fueling in particular.
A Fuel Management Software That Directly Realizes Cost-Savings And A Fast ROI
The crazy thing about Electronic Fueling is the fact that it generates savings right from the beginning. Once an airline uses this fuel management software it doesn’t take months or years. On the contrary, due to reasonable setup costs, a positive ROI can be achieved super-quickly.
That means Electronic Fueling helps to secure the bottom-line, especially during these challenging times — within a very short time.
From a financial standpoint, the related risk is very low.
Many Electonic Fueling solutions offer monthly subscription models. Accordingly, no substantial initial investment is needed. And that’s exactly why I think deploying this type of fuel management software project during these challenging times is still reasonable and makes sense. I would even go that far and call it a “must” when looking at the potential savings.
Perfect Time To Change Processes
From discussions with airlines, I observed two things. First, many of them stopped large and cost-intensive projects. Second, many reduced the number of flights and parked aircraft. Of course, this isn’t surprising since we all know the impact of CORONA.
Undoubtedly, the situation is a nightmare for every airline. Nonetheless —and I’m really sorry to say that— it is an optimal situation to start with Electronic Fueling. First of all, manpower shouldn’t be a problem. Secondly, it is much easier to implement such processes in less operations-intensive times. Flight schedules aren’t that tight and testing is much easier.
We went down that road with airlines in pre-COVID times but also during COVID. And as mentioned above, the implementation during COVID was much smoother than executing such a project in busy times.
Savings Increases Once The Operation Is Going Back To Normal
Implementing a fuel management software and setting up Electronic Fueling during these times can be compared to investing in a widely underpriced stock. Although you achieve positive results right from the beginning, savings will steadily grow once operations are back to normal and start growing again.
And here’s the fun part: You don’t have to do anything then. Just like a stock price that is increasing. You can lean back and count the dollars the fuel software saves.
My Clear Advice: Start Exploring This Specific Fuel Management Software Now!
Summarized, I really think that there’s no better time to start with Electronic Fueling. Although times are tough, I strongly advise airlines to start exploring this field — you will regret it in a few years if you don’t do that now.