The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
SkyWork Airlines CEO Martin Inäbnit on the carrier’s temporary grounding:
“The grounding cost us a lot of money. We had to rebook some people or refund ticket costs”, he explained, adding: “I believe that our reputation has not suffered extremely… the opposite has happened. We received hundreds of encouraging mails. The staff has received a lot of customer support”.
Travelport president and CEO Gordon Wilson on the organisations decline in adjusted EBITDA in 3Q2017 (USD136.4 million, -9% year-on-year):
“The decline is a result of several of the company’s planned technology investments moving from design to implementation phase, as it expands products and capabilities. Travelport also incurred higher commercial expenditure relating to the growth and ongoing implementation of our signed new business. The company’s mix of business continues to pivot towards the fast-growing online channel, I am confident that these investments will drive sustainable longer-term growth”.
Qatar Airways CEO and Cathay Pacific CEO on the purchase by Qatar Airways of 378,188,000 shares of Cathay Pacific Airways Limited, being approximately 9.61% of the total issued share capital:
Qatar Airways Group CEO Akbar Al Baker:
“Qatar Airways is very pleased to complete its financial investment in Cathay Pacific. Cathay Pacific is a fellow oneworld member and is one of the strongest airlines in the world, respected throughout the industry and with massive potential for the future”.
Cathay Pacific CEO Rupert Hogg:
“Qatar Airways is one of the world’s premier airlines..We already work together closely as fellow members of the oneworld alliance and we look forward to a continued constructive relationship”.
Emirates chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum on reports the carrier is negotiating a merger with Etihad Airways:
“When it comes to the area of cooperation, we welcome and it can be in many ways like fuel purchase, insurance, parts and so on but there is no merger”
Boeing chairman and CEO Dennis Muilenburg on the company’s business in Iran with Iran Air and Iran Aseman Airlines:
Mr Muilenburg stated there are “big and important” opportunities in Iran, while emphasising the company has followed all required US licensing policies “from day one”. “We’re going to continue” following the lead of the US Government on the deals, he said, though warned other companies are also interested in business with Iran.
British Airways CEO Alex Cruz on digital disruption and the carrier’s recent IT systems failure:
“If the airline industry don’t acknowledge what’s happening in the digital world, we might be overrun by retailer. We want to be able to get to a situation where we can take a decision one week about the change of something and it can be live at the airport the next week. If you can do that it’s tremendously motivating… It will take a little time, but we will get there”.
AirAsia Berhad CEO Aireen Oman on charters at Kuala Lumpur International Airport (KLIA):
Mrs Orman, stated:
- KLIA and KLIA2 are two “vastly different airport terminals” providing different levels of services and facilities;
- It is inaccurate to say services between the two terminals are comparable, KLIA facilities are “far more superior” to KLIA2;
- AirAsia seeks MAVCOM’s transparency on the claim that the two terminals are comparable;
- IATA does not represent the main carriers and passengers of both terminals;
- It is inaccurate to state “AirAsia is operating on government crutches since they get a competitive pricing advantage from the lower PSC [passenger service charge], at taxpayers expense”;
- PSC is paid directly by passengers who travel;
- AirAsia calls on MAVCOM to review the differences between facilities and to seek public consultation on the matter.