AIRLINES SEE LITTLE HOPE OF BETTER TIMES AROUND THE CORNER
There is no question that those who hoped for V instead of a U turnaround, they are now roundly disappointed. Many leading economists are still arguing whether the step economic decline has bottomed out or there is still some way to go. I don’t believe the run up of stock prices on Wall Street has [...]
IATA 2009 STATS TELL A SORRY TALE
Demand is falling faster than the airlines park up planes to reduce capacity and the consensus is the bottom has not been reached. It is projected collectively that the 226 member airlines will lose $9 billion this year on $448 billion. The IATA conference now taking place in Kuala Lumpur apparently has more journalists attending [...]
QANTAS-BRITISH AIRWAYS MERGER MAKES SENSE
I have long advocated that there is too much sensitivity and protectionism when it comes to how governments view their national carriers. Every nation, right down to tiny Nauru Island (population less than 10,000) has an international airline. Most are government-owned and if they aren’t, the largest shareholder is the government. The vast majority of [...]
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