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NEW YORK - Kyndryl (NYSE:KD), a prominent player in the IT Services industry with a market capitalization of $7.08 billion, on Tuesday unveiled a new AI-powered solution for the aviation industry designed to help airlines modernize operations and enhance customer experiences. According to InvestingPro data, the company has demonstrated strong financial health with $15.06 billion in revenue over the last twelve months.
The Aviation Industry Cloud Solution, built to run on Google Cloud, combines Kyndryl’s expertise with industry-focused tools to provide airlines access to data and insights for streamlining operations and improving customer engagement.
The solution aims to connect core business systems across airline operations, from finance and human resources to reservations and retail, enabling companies to increase operational efficiency.
"Our new AI-powered solution will enable airlines to deliver personalized experiences to travelers and enhance flight operations," said Azi Handley, Vice President of Global Strategic Alliances at Kyndryl.
The company stated that its solution will also support the broader travel ecosystem, including travel agencies, tourism departments, and cruise lines, to implement technological advancements and deliver more integrated customer offerings.
Kyndryl will apply its Agentic AI Framework capabilities to provide airlines with a model to adopt and deploy intelligent AI agents. According to the company, this framework will support future industry applications including travel, business discovery, and new customer-facing digital experiences.
Sérgio Ribeiro, Digital & Technology Services Senior Director at TAP Air Portugal, commented on industry digital transformation efforts, noting Kyndryl’s "commitment to investing in people, partners, and technology."
The announcement was made in a press release issued by the technology services provider. For investors seeking deeper insights into Kyndryl’s performance and potential, InvestingPro offers comprehensive analysis with 8 additional ProTips and detailed financial metrics in its Pro Research Report, available as part of the platform’s coverage of over 1,400 US equities.
In other recent news, Kyndryl Holdings Inc. announced a significant investment of $2.25 billion in India over the next three years. This investment will focus on modernizing technology infrastructure and expanding AI capabilities, including the establishment of an AI Innovation Lab in Bengaluru. Additionally, Kyndryl has joined a White House initiative to advance AI education for youth, aligning with over 60 U.S. organizations to support AI education initiatives. In terms of strategic partnerships, Kyndryl has expanded its alliance with HPE to enhance customer adoption of HPE Private Cloud AI solutions. This expansion will see Kyndryl Consult providing AI private cloud services to help customers develop and scale AI solutions. Moreover, Kyndryl has partnered with Nova Intelligence to accelerate AI-driven SAP transformations, aiming to improve efficiency and cost-effectiveness for enterprise customers. On the analyst front, Morgan Stanley initiated coverage on Kyndryl with an Equalweight rating and a $30 price target, reflecting a balanced view on the company’s outlook. These developments highlight Kyndryl’s focus on AI and strategic partnerships to drive growth.
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