Airline Industry News, Trends, Analysis
With the United Kingdom (UK) scheduled to trigger Article 50 on March 29, ACI EUROPE today expressed concerns over ongoing uncertainty on the rules that will govern aviation between the UK and the remaining EU Member States (EU27) after the Brexit is complete.
The first big topic of discussion during CAPA Day 1 was predictable but no less compelling. Brexit, US Elections, turkey day: what do they mean for airlines?
Danish travel guru, journalist and Senior Editor Ejvind Olesen—respected for his decades of experience with the travel sector through highs and lows—has written a plain spoken and heartening editorial for TTG Nordic’s Standby.dk explaining why we shouldn’t fret over the impact of politics on the travel industry.
Delta Air Lines has announced that it will adjust its capacity on U.S.-U.K. routes by six points, adjusting to the impact on demand from a stronger dollar, after the UK’s exit from the European Union.
Ryanair, which had ardently argued in favour of the UK to remain in the European Union has taken a refreshing approach to defeat.
In essence, the airline’s approach has been: ‘When the UK gives you lemons, pull your juicer out of the bottom shelf and set up a tempting lemonade stand.’
Speaking at the 2016 ACI EUROPE Annual Congress and General Assembly in Athens on Tuesday, Augustin de Romanet, ACI EUROPE President and President & CEO of Aéroports de Paris SA/Groupe ADP, warned of additional challenges to risk-based security and intelligence sharing which a potential Brexit would pose.
Praising the European Union for not imposing systematic screening at the entrance of Europe’s airport terminals after the attacks on Brussels Airport, de Romanet said we need “more Europe, not less of it.”
Ryanair warns a ‘Brexit’ could hurt the UK Economy, in its annual report published today which shows growth in traffic and passenger numbers.
Ryanair reported a rise in full year profit of 43% to €1,242M.
Traffic grew by 18% to 106 million passengers, and the airline’s load factor rose by 5% points to 93%.
The airline’s average fare dropped 1% to €46, and unit costs fell 6% (ex-fuel down 2%)
Ryanair reports it is 44% hedged for FY18 and that hedging will deliver fuel savings of circa €200m (as price savings are offset by increased flight hours).
“We plan to pass on most if not all of these fuel savings to our customers in lower air fares particularly as we grow capacity over the next 12 months in key markets around Europe,” Ryanair states.