The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
Caribbean Airlines CEO Garvin Medera on the airline reporting a revenue increase of 21% year-on-year in 1Q2018:
“Revenues and earnings are both ahead of budget and a considerable improvement. It’s been an excellent start to the year… In what has traditionally been our toughest quarter, we’ve seen increases in revenue on some of our top routes and made great strides on the development and implementation of our strategic plan”.
London Stansted Airport CEO Ken O’Toole on the airport’s operational highlights for Apr-2018:
“With limited spare capacity at other airports in the South East, Stansted will deliver 50% of London’s expected passenger growth over the next decade. Given this anticipated growth, we have applied for permission to raise the number of passengers we serve to 43 million a year, with a firm commitment to do so without any additional flights or noise impacts beyond our current permissions”.
Avianca Holdings CEO Hernan Rincon on the final stages of its negotiations with United Air Lines:
“On United, I don’t want to sound like a broken record… we continue to be 100%” committed to the initiative.” He reiterated: “Avianca underestimated the complexity of these negotiations… we are in the very final stages”, adding that the final draft agreement was presented to Avianca’s board to inform the board, not to be approved yet.
Thai AirAsia newly appointed executive chairman Tassapon Bijleveld on plans for his new role:
“My focus will now be on the overall executive picture and the company’s direction in seeking out new opportunities for sustainable growth. I will also focus on enacting government policies and collaborating with private sectors to ensure Thailand establishes a leading position in the aviation industry”.
Air Vanuatu CEO Joseph Laloyer on the airline reinvesting its 2017 profit in the company and expanding its network:
“I believe we have a corporate responsibility to promote the destination and I am taking the lead role in ensuring Air Vanuatu’s marketing not only ensures our planes are full, but we have the right kind of partnerships in place that ensure Air Vanuatu is getting the best out of our codeshare agreements”. He added: “Based on our current revenue growth and keeping our costs low, I am planning to secure a second jet in the second half of 2019, and looking to expand our network with more frequency to existing ports and several new ports in Australia and the region, with Melbourne at the top of this list. Feasibility and research with good planning takes several months, as does choosing the right aircraft to meet the demands of this expansion”.
Volaris CEO Enrique Beltranena on increasing its base fares for domestic and international operations due to increases in oil prices:
“With the aim of consolidating our ultra-low-cost model in the face of the abrupt rise in oil prices and, therefore, the jet fuel that represents approximately 30% of our costs, we are forced to increase our base fares in a minimal way to guarantee that our costs are stabilised”.
Copa Airlines CEO Pedro Heilbron on strategies for dealing with the spike in fuel prices:
“We are always willing to pull out capacity if it’s good for our bottom line… We don’t think that will be necessary this year”. He added: “Demand is still looking quite strong. But we’re not sure if on the short term we’re going to make up for the spike in fuel prices… We don’t think right now that pulling back capacity will make our bottom line any better”.