The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
Norwegian CEO Bjørn Kjos on airline consolidation within Europe:
“The airline industry is just another commodity industry, and if you don’t have scale you probably will have difficulties unless you are in a niche area. That’s why it might be tough for the smaller players to compete”.
Manchester Airport CEO Andrew Cowan on easyJet’s plans to expand operations at Manchester Airport:
“Their growth will also create hundreds of jobs, which along with the GBP1 billion investment we are making in the transformation of the airport, demonstrates the various ways in which the region benefits from having a thriving international gateway”.
WestJet CEO Ed Sims on the “unbelievably high load factors” on its ULCC subsidiary Swoop:
“We still think of ourselves very much as in startup mode and setup mode, but the early signs are very, very promising”. The airline also believes “without question, there is still further room in this market to stimulate further demand”.
WOW air CEO Skúli Mogensen on FY2017 results:
“Both 2015 and 2016 were a very good year, but the results for 2017 were disappointing as this huge growth and investment proved more expensive than we intended. External circumstances have proved difficult for the company, such as rising oil prices, strengthening of the króna, expensive operating environment in Iceland and strong competition in key markets”.
Air France-KLM non executive director Anne-Marie Couderc on delays for the appointment of a new chair and CEO of the group:
“Some of these disturbances are linked to the way AccorHotels has manifested its interest Air France-KLM Group. The process, which was very well advanced in mid Jun-2018, has been slowed since by regrettable and negative external disturbances”.
Finnair CEO Pekka Vauramo on 2Q2018 results:
“The result improvement achieved shows that we have been successful in implementing our growth strategy. Demand followed our capacity growth fairly well in all traffic areas and our passenger load factor was at a good level. Passengers volumes increased particularly in Asian traffic”, and, “the effect of the FIFA World Cup in Russia was evident on our European and North American routes in June”.
Gol Linhas Aereas CEO Paulo Kakinoff on the airline signing a new order of 15 Boeing 737 MAX 8s and converting 30 of the current MAX 8 orders to Boeing 737 MAX 10:
“This new order reflects our strategic policy of reducing operating costs by operating a standardised fleet and a large route network, permitting Gol to continue to lower the cost of air travel across Brazil and add new destinations. We are confident that the 737 MAX 10 will offer significant competitive advantages for Gol on high density routes and in airports with slot constraints”.
Air Lease Corporation president and CEO John Plueger on the potential impact of global trade disputes:
“I don’t foresee a pull back in international travel… I do see the possibility of some temporary slow downs in the trade talks between various countries… Whether or not it affects Boeing and Airbus, etc, remains to be seen. It’s certainly something that we are watching”.