The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
Malaysia Airlines CEO Izham Ismail on the airline reporting a 2% rise in revenue per available seat kilometre in 3Q2017:
“Whilst our peers in the region seem to show trends of declining yields, putting pressure on overall RASK, I am happy to see Malaysia Airlines [buck] this trend by showing improvements in both areas Revenue is improving but we need to step this up to address rising costs from fuel and forex volatility”.
On the signing of an expanded bilateral aviation agreement between the UK and China:
- Airport Operators Association CEO Karen Dee:
“It is these kinds of agreements that the UK will need to ensure we are Brexit ready. The next step for boosting our post-Brexit connectivity is for the Government to review the UK’s Air Passenger Duty. Having Europe’s highest aviation tax – double that of Germany, the next-highest such tax – makes UK airports less competitive when trying to attract the flights this new agreement will now allow”
- Manchester Airport CEO Andrew Cowan
“Our connections to both Beijing and Hong Kong have led to significantly higher volumes of exports and inward investment, while the North’s universities have benefited from increased international student numbers and research collaborations with Chinese institutions… Importantly, the routes have stimulated brand new demand for travel between the UK and China, which among other things has delivered a huge boost to the visitor economy across the North”.
Qatar Airways CEO Akbar Al Baker on the airline’s passenger service highlights for 2017:
“At a time when international aviation is under greater scrutiny than ever, I am very proud that Qatar Airways continues to stand head and shoulders above its competitors… We will continue to push industry standards to new levels, and to bring passengers an unsurpassed product that will delight and amaze them each and every time they fly”.
Southwest Airlines CEO Gary Kelly on Bitcoin:
“It is hard to envision customers paying for airfares entirely with Bitcoin, although it is astounding how fast Bitcoin has moved. We’ll just have to wait and see on that front. The way our monetary systems work today are pretty efficient”.
Boeing chairman, president and CEO Dennis Muilenburg on the company’s quarterly dividend which will increase 20% to USD1.71 per share:
“Boeing’s strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to invest in our people, innovation and growth. To support our balanced cash deployment strategy, our team remains focused on improving operating performance as we deliver on our substantial order backlog and work to capture a larger share of the growing aerospace market”.
IATA CEO Alexandre de Juniac on the outlook for India’s aviation market:
“India outlook is very good because it is the fastest growing market… [but] we have some concerns about the Indian market. Infrastructure, taxes which are too high [and] not totally clear about the new GST. We think that probably the most worrisome item is infrastructure. If you don’t have the capacity or the costs are high, it is an enormous obstacle for the development of aviation which cannot be overcome. Infrastructure is the key issue”.
London Gatwick Airport CEO Stewart Wingate on the airport’s record 2.9 million passengers handled in Nov-2017:
“This year five new long-haul connections have started, Singapore, Seattle, Denver, Kigali and Taipei, further strengthening Gatwick’s global connectivity. Connectivity which is set to further increase 2018 with new connections to Austin, Chicago and Buenos Aires beginning in just the first quarter alone”.