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 growth being impeded by a pilot shortage:
“We were looking at a slow and steady growth of 3%-4% as planned, but then the pilot shortage hit us. This problem has been made worse by our growth. Our extra frequencies and up-gauging due to higher demand have put more pressure on the problem. Pilot shortage has led to loss opportunities. An example is charter contracts we have had to forego and we have had to scale back growth which will impact full year results”.
United Technologies Corporation CEO Gregory Hayes on 2Q2018 performance:
“Our second quarter results demonstrated continued positive momentum for United Technologies. This was our fourth consecutive quarter of delivering organic sales growth of 5 percent or better, which is a result of our investments in innovation across the portfolio. Earnings and free cash flow were also strong in the quarter”.
Boeing chairman, president and CEO Dennis Muilenburg on the company increasing its revenue guidance by USD1bn in 2018:
“Continued services growth, increasing defence volume and strong performance of our commercial business, as well as our positive market outlook, give us the confidence to raise our revenue and Commercial Airplanes margin guidance for the year. We remain focused on execution, driving innovation, continuing to develop and maintain the best team and talent in the industry, and increasing value for our customers, shareholders, employees and other stakeholders”.
AirAsia Group CEO Tony Fernandes on a recent meeting with the Government and Malaysia Airports:
“More low cost terminals coming. Malaysian airports now understanding what we can do. Exciting time for guests , Malaysians . More jobs and economic growth. Let’s hope the war is finally over and we both win together. MAHB and airasia. And of course the main winner Malaysians”.
IAG CEO Willie Walsh on pending legal challenge against French ATC strikes:
“This is an example of where fierce rivals come together on a matter of common concern and the interests of our industry… When you get the likes of IAG, Ryanair, easyJet and Wizz Air coming together saying the same thing and arguing for the same thing, people do take notice”.
Flughafen Berlin Brandenburg GmbH chairman and CEO Dr Engelbert Lütke Daldrup on leasing unused parking spaces at Berlin Brandenburg Airport to Volkswagen:
“Although it is not our core task to rent parking spaces to vehicle manufacturers, there is no reason for us to avoid a profitable business opportunity as an airport company”.
Lufthansa Group CFO Ulrik Svensson on the decision to raise 2018 unit revenue outlook:
“Looking at the rest of the year, we have turned more positive on top line performance. Forward bookings for the third quarter reflect good customer demand in key geographies such as Germany and the North Atlantic. On that basis, we raised our constant currency unit revenue outlook for 2018 from stable to slightly up. However, a better revenue performance will be offset by integration expenses at Eurowings and higher fuel cost”.
KLM president and CEO Pieter Elbers on 1H2018 performance:
“KLM’s financial results for the first half of 2018 are a little higher compared to KLM’s record results the same period last year. We can certainly be satisfied and proud of this result, especially considering the negative influence of higher fuel prices… We are well on track for 2018 and the near future”.