The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
easyJet CEO Johan Lundgren on his appointment as the LCC’s new CEO:
“Having flown with easyJet as a customer many times and competed against the airline for many years, I am full of admiration for the fantastic airline that Carolyn McCall and the whole easyJet team have built… My ambition is to help easyJet go from strength to strength, and my aim over the coming weeks is to really get to know the airline and to hear from the easyJet team on how best to continue to build on the energy and momentum easyJet has”.
Avianca CEO Hernán Rincón on it and Kingsland Holdings Ltd withdrawing their respective lawsuits filed in New York State Supreme Court:
“As we’ve said all along, Kingsland’s lawsuit was meritless and filed prematurely, and we are pleased that the parties have reached an agreement to dismiss both actions… Avianca is now looking beyond the litigation, and we are pleased that negotiations with United are progressing. Moving forward, Avianca will continue to focus on serving our passengers, advancing our strategic goals, and developing our business across Latin America”.
Aeroflot deputy CEO for commerce and finance Shamil Kurmashov on the airlines net profit in 3Q2017:
“The profit was supported by a significant reduction in our debt burden due to pre-term repayment of credit lines during the year, as well as savings on other non-operating costs, and amounted to RUB27.1 billion. Given the effects of exchange rate fluctuations, growth of fuel costs, and the lack of material currency differences on refunds of pre-payments for aircraft – which had an effect in the third quarter of 2016 – the financial result for the accounting period decreased”.
Cathay Dragon CEO Algernon Yau on the order of 32 A321neo aircraft for the airline:
“When it comes to expanding our network, our philosophy has always been to grow our mainland Chinese and regional destinations to accommodate the demand there. We continue to explore our options with regard to increasing frequencies on our most popular routes and introducing new destinations that appeal to our customers and complement the rest of our network”.
LATAM Airlines Brazil CEO Jerome Cadier on competitors planning expansion in Brazil’s Northeast region:
“In Brazil, only LATAM has the capacity to launch and operate its own international operations at this scale… The Brazilian Northeast is strategic to our global network expansion, way beyond from being a mere point of connection with our international partners”.
AirAsia Group CEO Tony Fernandes on the Group reporting an operating profit decreased 7% year-on-year in 3Q2017:
“Overall, the strong demand for air travel has delivered a set of very positive results for the third quarter despite it being a seasonally weaker quarter of the year, [and] despite the rising fuel prices and currency fluctuations”. The group expects 87% load factor in 4Q2017 based on the forward booking trend. Mr Fernandes said: “We believe that 2017 will be another record year for us”.
Kenya Airways CEO Sebastian Mikosz on the airline listing additional shares on the Nairobi Securities Exchange:
“The relisting of Kenya Airways shares, demonstrates another step towards securing the airline’s growth that will be anchored by operational efficiency and financial sustainability. The restructuring makes us competitive and sets us on a path of profitability with a healthy liquidity”.
IGA Havalimani Isletmesi AS airport construction CEO Yusuf Akçayoğlu aims for Istanbul New Airport to be “the most cyber-secure” globally. On technology for non-aeronautical revenue streams, he said:
“3D hologram systems, smart shopping carts with a charging function, mobile cash-registers and electronic customer profiling will be in use… A ‘magic mirror’ application, for example, will allow customers to see virtually how watches, clothes or make-up products will look on them without physically trying them on”. Mr Akçayoğlu said the facility will initially operate 50,000sqm of retail space and a further 30,000sqm of F&B space, however “it is very important for us that the whole area mirrors typical characteristics of Istanbul… When the area is completed you can see the rich social and cultural heritage of the city”.