Still waiting. Asean Open Skies, or more formally known as the Asean Single Aviation Market (Asean-SAM), continues to be an elusive dream for the 10-nation bloc as members renewed their commitment at this year’s Asean meeting of their leaders in Kuala Lumpur. Asean, which stands for Association of Southeast Asian Nations, is made up of […]Read More
The success of International Airlines Group (IAG) in the last two to three years is proof that its strategic partnership works. The group, made up originally of British Airways (BA) and Spanish carrier Iberia and subsequently Vueling which is a budget operator, was joined by Aer Lingus in August this year. Excluding Aer Lingus, IAG […]Read More
Iberia a Europe-Latin America specialist Iberia’s employee cost falls from 30% of revenue in 2012 to 24.2% Iberia needs A350-1000 more than BA for hot & high missions Iberia’s Madrid hub well placed to capture North Asia-LatAm spillover demand from Heathrow Iberia’s Madrid routings on North Asia-LatAm competitive with Middle Eastern hubs Madrid commands 60.3% & […]Read More
It may seem somewhat crazy, but it is definitely not surprising in today’s aviation landscape of fast changing and crisscrossed relationships, some of them making most unlikely bedfellows. The ends justify the means. Qatar Airways has acquired a 10% stake in International Airlines Group (IAG), better known as the owner of British Airways (BA) and […]Read More
Hope of Europe-based airlines bouncing back into good times on the back of an improved economy is not turning out to be as expected. Much of the good news reported last year seems to be short-lived. Air France-KLM is among the airlines that have issued profit warnings, even though it expects higher earnings compared with […]Read More
While Ryanair paints a gloomy picture of the future of aviation out of London, warning that the market will soften resulting in dip of profits despite expected falls in fares, British Airways (BA) all but dispels that as a myth. International Airlines Group (IAG) chief executive Willie Walsh even went as far as suggesting that it was a publicity ployRead More
Alitalia is fighting bankruptcy as its shareholders initiate efforts to raise funds in light of its main fuel supplier threatening to cut off supply. The Italian postal service will contribute €75 million (US$101.6 million) to the rescue package of €500 million.
Meanwhile, Air France-KLM – already the biggest shareholder of the beleaguered airline – waits to see if it should increase,Read More
It is no surprise when the European Aeronautic, Defence & Space Co. (EADS) announced on 31st July that it will be renamed as the Airbus Group beginning January 1st, 2014, given the world’s second-largest plane-maker accounted for 71.9% of EADS’s €26.3 billion 2013 first-half revenue and 73.7% of EADS’s earnings before interest and tax (EBIT) of €1.48 billion.
But beneath theRead More
Singapore Airlines (SIA) prefaced its report on its annual performance for FY2012/13 with attribution to high fuel prices and lower yields owing to a weak global economy for its lacklustre results. The announcement concluded with an equally dismal outlook, saying very much the same thing, warning that “the global economic outlook remains uncertain with the ongoing weakness in the eurozoneRead More
It could have been much worse. International Airlines Group (IAG), formed by the merger between British and Spanish flag carriers British Airways and Iberia, posted a €997 million (US$1.29 billion) 2012 before-tax loss, dragged down by a €343 million impairment charge against the intangible assets and a €202 million transformation cost at the beleaguered Iberia unit.
Amid a moribund Spanish economyRead More