Allegro Announces Partnership with Southwest Airlines to Optimize Fuel Management
Allegro Development, a leading provider of commodity management
software, announced today that Southwest Airlines has selected the
Allegro platform for fuel management across its entire supply chain
which includes airports, pipelines, and storage terminals.
Southwest serves more than 100 million customers annually. To fulfill
the company’s purpose of connecting customers with friendly, reliable,
and low-cost air travel, Southwest desires to optimize fuel management.
After conducting a comprehensive analysis of jet fuel management
solutions, the company selected Allegro 8 to modernize logistics,
streamline and optimize supply, improve inventory visibility, enhance
data management, reporting, and analytics, and increase efficiency in
the financial month-end close process.
“We’ve been working with Allegro since 2008, using its platform to
manage our hedging program to mitigate our fuel price risk,” said Bill
Tiffany, Vice President of Supply Chain, Southwest. “When the time came
to upgrade our legacy fuel management system, it made sense for us to
evaluate Allegro’s capabilities to manage our physical jet fuel business
on an integrated platform. Choosing Allegro more closely aligns our
initiatives to minimize business costs and maximize profits.”
Compelling differentiators of Allegro’s fuel management solution include:
Better decision making capability with integration to market pricing;
Ability to optimize fuel supply and inventory by location;
Increased insight into P&L reports with analysis for actuals against
forecasted performance and;
Improved efficiencies in month-end close.
“We are thrilled to be a part of Southwest’s strategy to deliver the
best customer experience through affordable airfare,” said Frank
Brienzi, Chief Executive Officer, Allegro Development. “Southwest’s
selection of Allegro for fuel management demonstrates the value Allegro
delivers to our customers through the ability to expand our offerings
within a truly integrated solution. Allegro’s partnership will be a key
factor in Southwest’s ability to meet the goal of optimizing fuel
procurement and aligning operational information to their hedging
strategies. This is testament to our strengthening position in the
airline industry and our commitment to deliver domain leading solutions
in the downstream petroleum markets.”
About Southwest Airlines
Now in its 45th year of service, Dallas-based Southwest Airlines (NYSE:
LUV) continues to differentiate itself from other air carriers with
exemplary Customer Service delivered by more than 47,000 Employees to
more than 100 million customers annually. Southwest operates more than
3,600 flights a day, serving 95 destinations across the United States
and six additional countries.
Southwest believes in Transfarency, a philosophy created by
Southwest Airlines in which Customers are treated honestly and fairly,
and low fares actually stay low. *Southwest is the only major U.S.
airline to offer bags fly free® to everyone (first and second checked
pieces of luggage, size and weight limits apply, some airlines may allow
free checked bags on select routes or for qualified circumstances), and
there are no change fees, though fare differences might apply.
Based on the U.S. Department of Transportation's most recent data,
Southwest Airlines is the nation's largest carrier in terms of
originating domestic passengers boarded. The Company operates the
largest fleet of Boeing aircraft in the world. With 42 consecutive years
of profitability, Southwest is one of the most honored airlines in the
world, known for a triple bottom line approach that contributes to the
carrier's performance and productivity, the importance of its People and
the communities they serve, and an overall commitment to efficiency and
the planet. The 2014 Southwest Airlines One Report™ can be found at www.SouthwestOneReport.com.
Allegro is a leading provider of commodity management software for power
and gas utilities; refiners, producers and traders of crude oil, refined
products, soft commodities and ags; and industrial energy consumers.
With more than 30 years of industry expertise, Allegro’s software
provides the global intelligence companies need to manage physical and
financial positions, and to optimize their assets and portfolios using
tools that quantify and mitigate risks. Headquartered in Dallas, Texas,
Allegro has offices in Calgary, Dubai, Houston, London, Singapore,
Zurich, Kuala Lumpur and Jakarta along with a global network of
partners. For more information visit www.allegrodev.com.
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