Allegro Announces Partnership with Southwest Airlines to Optimize Fuel Management
DALLAS, TX, October 13, 2015 – 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 develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.
For more information, please visit allegrodev.wpengine.com or contact Samantha Johnston at firstname.lastname@example.org or +184.108.40.20649.