The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
Cebu Pacific president and CEO Lance Gokongwei on the airline’s plans to partner with a strategic investor:
“There’s no intention, we have always been an independent airline” and added: “We certainly have the balance sheet and the management will continue taking an independent path”.
Cebu Pacific president and CEO Lance Gokongwei on the outlook for 2019:
“We think 2019 looks significantly brighter”, noting stable fuel prices and the strengthening Philippines peso. “Equally important is we haven’t been growing as fast the last two years. This year we’ll add 11%-12% more seats, and when you have that amount of seat increase, we’re going to see economies of scale that it will benefit the airline and our unit cost”.
UPS Chairman and CEO David Abney on 4Q2018 results:
“We achieved our 2018 adjusted earnings-per-share goal by successfully executing Transformation investments and initiatives that lifted revenue quality and improved efficiency”. He added: “Our diverse portfolio, global footprint and flexible network position UPS for profitable growth in 2019 and beyond”. The company reported the following segment details:
Cathay Pacific CEO Rupert Hogg on the airline’s pilots union, the Hong Kong Aircrew Officers Association, stating 78% of 2276 voting members rejecting the airline’s offer of improved pay, perks and conditions:
“Clearly we will keep working together to find ways that we can improve their lifestyle and get productivity and that’s what we’ve been doing as an airline for the last three years”.
Qantas Group CEO Alan Joyce, on plans to acquire a stake in Alliance Airlines:
The investment “reflects that Alliance Airlines is a well managed business with a lot of potential. It also reflects our confidence in future demand growth from the resources sector, particularly in Western Australia [WA] and Queensland [QLD]”,
RwandAir CEO Yvonne Manzi Makolo on the airline partnering with other carriers:
“It is important to work together, especially with other African airlines. We want to leverage that as much as possible, especially with smaller airlines, to get economies of scale”.
IAG CEO Willie Walsh called on Airbus to reduce the price of A380 aircraft to boost sales:
“I’ve been very clear with Airbus that if they want to sell the aircraft, they’re going to have to be very aggressive on the price”. He added that the group will consider purchasing further A380s, stating: “I’ve no concerns about the A380. It’s been an excellent aircraft for us… But the pricing of that aircraft has not been as attractive as we believe it needs to be”.
Qatar Airways Group CEO Akbar Al Baker on the response by ICAO on the blockade as “timid and disappointing”:
“It is with great shame that ICAO has taken a back seat… instead of reversing all actions imposed by the blockade states and restore normalcy… ICAO has focused on technical measures and contingency rules – another way of delaying our aircraft from and to Qatar”.