The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
Ryanair CEO Michael O’Leary on UK Prime Minister Theresa May’s leadership and Brexit focus:
“Brexit is going to be a disaster for the UK economy. She [Ms May] needs to be over there negotiating or at least removing these roadblocks, not swanning around Japan drinking tea and sake. If Britain gets pushed out of the EU, it is absolutely the legal position that flights must stop”.
Qantas Group CEO Alan Joyce on capacity growth in Asia:
“Capacity has moderated and the picture is a lot better than in early 2017 although pockets of strong growth remain, particularly in China and Hong Kong with the entry of Virgin.” Mr Joyce continued, the moderation is not surprising as “a lot of our peers are losing money” as it was “always going to be the case that when people went into losses they were going to moderate and that’s what we’re seeing happening”.
Tourism Ireland CEO Niall Gibbons welcomed Cathay Pacific’s plan to launch Hong Kong-Dublin service:
“Tourism Ireland continues the roll out of our market diversification strategy in light of the UK’s decision to exit the EU, and seek to implement the findings of our recent Developing Markets review. The new Cathay Pacific service will help further to open up important tourism and business opportunities for Ireland in Hong Kong and China, in Australia and New Zealand and across the Asia Pacific region”.
Etihad Airways CEO Peter Baumgartner on investment in the China market:
“Etihad attaches great importance to the Chinese market and we will be increasing investment in the Chinese market. The rapid development of China-UAE relations in recent years has resulted in increasing travel from China to the UAE, with the cooperation potential between the countries is huge.”
London Heathrow Airport CEO John Holland-Kaye on the UK Government’s decision to remove landing cards for non-EEA passengers:
“The change will streamline the border experience for millions of Heathrow passengers – showing them that Britain is open for business – whilst using 21st century biometric technology to keep Britain’s borders secure”.
Ryanair CEO Michael O’Leary on executive pay and the carrier’s contribution to the UK economy;
“I think company bosses are remarkably badly paid. If you can have Wayne Rooney getting GBP300,000 a week and Alexis Sanchez on GBP400,000, I’m seriously underpaid. I don’t score as many goals but I employ a lot more people and make a much bigger contribution to the UK economy”.