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 eFueling and a digital fueling process — and to implement a digital fueling process right now.
I already wrote some articles about how eFueling works and the benefits it holds — so check out these blog posts to learn more about eFueling.
With this post today, I want to provide a more personal view on why I think the timing is right for airlines to go all-in with eFueling.
Direct cost-savings and fast ROI
The crazy thing about a digital fueling process is the fact that it generates savings right from the beginning. 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 a digital fueling process 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 eFueling solutions offer monthly subscription models. Accordingly, no substantial initial investment is needed. And that’s exactly why I think kicking-off an eFueling project during these challenging times is still reasonable and makes sense — especially when looking at the potential savings.
Perfect time to implement/change the process
From discussions with airlines, I observed two things: Many of them stopped large, cost-intensive projects, and many reduced the number of flights resp. parked aircraft.
Super-bad situation for the airline, but actually —and sorry to say that— an optimal situation to start digitizing the fueling process. First of all, manpower shouldn’t be a problem, and secondly, it is, of course, much easier to implement such a process in less operations-intensive times.
Savings increases once the operation is going back to normal and starts growing
Setting up a digital fueling process 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 growing, you can lean back and calculate achieved savings.
My clear advice: Start exploring eFueling now!
Summarized, I really think that there’s no better time to start with eFueling and with digitizing your airline’s fueling process. I strongly advise airlines to start exploring this field — you will regret it in a few years if you don’t.