Paul Perera’s Post

🗺 2023 Revenue Performance of European Airlines 🛫 In 2023, important players in the European aviation field such as Lufthansa, Air France-KLM, Ryanair and Turkish Airlines managed different strategies in a dynamic market environment. 💰 The Lufthansa Group soared with a revenue report of €35.4 billion, demonstrating its resilience and market dominance despite the current challenges. Air France-KLM has underlined its ability to withstand turbulence and adapt effectively by managing changes in the industry, with revenues reaching €32.1 billion. 💹 Meanwhile, Ryanair's revenues of €10.7 billion underlined its unwavering commitment to efficiency and growth and reinforced its reputation for a cost-effective model. The airline's focus on modern operations remained the cornerstone of its competitive success. 💵 Turkish Airlines has emerged as a formidable competitor in the European aviation world with revenues of 18.2 billion Euros. Despite the disruptions, the airline has demonstrated resilience and strategic acumen, positioning itself as a key player alongside industry giants. 🚀 In particular, Turkish Airlines continued its upward trend with its revenue rising to 18.2 billion Euros in 2023, further strengthening its position as a prominent organization in the market. The airline's strategic growth initiatives and global expansion efforts have fueled its success by aligning with established European carriers while creating a unique niche. The different revenue performances of Lufthansa Group, Air France-KLM, Ryanair and Turkish Airlines in 2023 underline the versatile strategies in the aviation sector. These figures exemplify the dynamic nature of the sector and highlight the important role of agility and innovation in meeting challenges and seizing opportunities. As European airlines chart their course in a rapidly evolving landscape, these insights shed light on the complex dance of strategy, resilience and growth that defines success in the aviation industry. #TurkishAirlines #Lufthansa #AirFranceKLM

Breaking news for Scandinavian business travelers: Lufthansa and Lufthansa Group now offer a status match for existing SAS - Scandinavian Airlines EuroBonus customers. To reach the Frequent Traveler status or Senator status (Star Alliance Gold) you will have to fly the following segments with LH Group airlines: a) Frequent Traveller Challenge: Complete 2 flight segments with LH group airlines b) Senator Challenge: Complete 6 flight segments with LH group airlines by 30.11.2024 to extend status to 20.02.2026. Complete rules and FAQ: https://lnkd.in/du2NQXB3 MY FIRST THOUGHTS ON THIS: What could make me stay in SAS: - Introduce lifetime Diamond membership for 10 consecutive years SAS EBD. - What could make me consider to swap to LH: LH Group’s route network matches my travel behavior better than SAS as a future SkyTeam member. - Disappointing with LH‘s status match offer: Same qualification rules for SAS EBD and SAS Lifetime Gold compared to the relatively easy-to-achieve SAS EBG status. Which are your thoughts?

From finance to the skies: My journey into the airline industry Leila Rešidbegović, ACCA shares why working in the airline industry pushes you to grow, adapt and embrace the ever-changing landscape of global aviation. Article by Travel In Motion https://wp.me/pdIrRr-73B #aviationfest

Zoggavia contributes with images to Swissair Part 2 - Airways Magazine - February issue. During the 1980s, Swissair reached the peak of its success. It celebrated its 50th anniversary in 1981 and transported its 100 millionth passenger. The prestigious Air Transport World magazine voted it the Airline of the Year for five consecutive years. The company expanded its businesses by establishing up to 252 companies, including hotels, maintenance, catering, and participation in Crossair, its competitor in European traffic. Swissair also entered into a codeshare agreement with Delta and founded the Global Excellence Alliance, which led to the Qualifier Program in the 1990s. However, after the mid-1990s, Swissair, on the advice of McKinsey, implemented a cost reduction program and an ambitious expansion program that involved a partial takeover and investments in various airlines, some of which were struggling financially. In 1998, a MD-11 crashed in Halifax, further worsening the situation. By the year 2000, Swissair suffered its worst financial loss in history, amounting to CHF 2.88 billion, and the company's debt had increased to CHF 17 billion, putting 72,000 jobs at risk. The effects of 9/11 brought about the grounding of the entire Swissair fleet on October 2, 2001, ultimately leading to the company's demise. The February issue: https://lnkd.in/dFJSENzP #classicaviation #aviationphoto #aviationphotography #civilaviation #stockphotos #kodak #slides #aviationgeek #swissair #zoggavia #airways

Great news! IAG is thrilled to announce it has won the prestigious Future Travel Experience ‘Innovate Award’ for Most Innovative Airline Initiative. A great achievement for the Group in collaboration with British Airways and Emu Analytics who have rolled out their digital twin technology known as Mission Control.  This solution collects vast amounts of operational information from several sources, such as aircraft and ground support vehicles, and puts it onto a clear visual graphic display. This real-time data drives better decision-making and delivers operational, customer, commercial and sustainability benefits.  "This recognition underscores our commitment to pioneering advancements in the aviation industry, enhancing the customer experience, and pushing the boundaries of what’s possible," Jorge Saco, IAG's Chief Information, Procurement, Services, and Innovation Officer, said. #aviationinnovation #hangar51 #IAGawardsuccess

We’re delighted to announce our Q1 2024 financial results. The group’s revenue grew by 26%, reaching €508.8 million. 📈 This growth was primarily driven by a significant increase in passenger flight volumes – in fact, the group’s revenue from passenger aircraft ACMI services grew 2.3-fold, reaching €216 million.   Q1 also saw the group acquire an additional 13 aircraft, bringing the total fleet size to 213, and once more solidifying our position as the world’s largest ACMI provider. 🌎 Furthermore, 100% of the fleet is already leased to major airlines, including Lufthansa Group, Turkish Airlines, Wizz Air, TUI, IndiGo, among numerous others.   “We are now fully prepared for the summer season, which we expect to break all previous records. The group’s aviation services infrastructure and global scale give us a significant competitive advantage and the status of industry leaders,” said Jonas Janukėnas, CEO of Avia Solutions Group.   The group is consistently implementing its expansion strategy in Asia, Asia-Pacific, and South America, which enables us to efficiently manage seasonality in Europe by shifting aircraft from one region to another. Early in Q1 2024, the group acquired the Australian airline Skytrans Airlines ✈️, and is planning to establish ACMI airlines in Brazil, the Philippines, Thailand, and Malaysia later this year.   #AviaSolutionsGroup #ACMI #AviationBusiness

Big day for easyJet today with the news that CEO Johan Lundgren will step down at the beginning of 2025 after seven years at the helm. He will be succeeded by CFO Kenton Jarvis, who joined the company in February 2021. More> https://lnkd.in/ekERxVb9 EasyJet has also announced plans to reopen a base at London Southend Airport during the summer 2025 season, marking the airline’s 10th in the UK. Three 186-seat Airbus A320neo aircraft are being based at the airport, enabling the launch of at least six new leisure routes. More> https://lnkd.in/eFZ-Bktp Additionally, the carrier plans to increase capacity on routes to North Africa by 35% during winter 2024-25 as part of efforts to narrow financial losses during the low season. The airline is also introducing its first flights to West Africa from late October with the launch of two routes to Cape Verde. More> https://lnkd.in/eQ456tcj #easyJet #airlines #aviation #routedevelopment

Losing a Star in the sky, but still part of the Team Sometimes, when we look up at the night sky, we might think we’ve lost a Star. But more often than not, it's just found a new place to shine. The same can be said in the world of aviation and it just got a bit smaller and more connected. Now, you can travel from the southernmost commercial airport in the world, Ushuaia, to the northernmost, Svalbard, all under the same alliance. SAS - Scandinavian Airlines has always been ahead of its time. Back in the days, while many countries saw airlines as extensions of their sovereignty and were wasting money, three Scandinavian countries—Denmark, Norway, and Sweden—collaborated to create a system that has thrived for decades. Even before the era of airline alliances, #SAS was a pioneer: it joined Austrian Airlines and #Swissair to form the European Quality Alliance, featuring joint sales offices and common check-in counters. SAS was also involved in the ambitious "Alcazar" project, which aimed to form a single Central European airline that would have included KLM Royal Dutch Airlines as well. On May 14, 1997, SAS was a founding member of the world's first global airline alliance, Star Alliance, alongside Air Canada, Lufthansa, Thai Airways International, and United Airlines. This move set a precedent for the aviation industry and changed how airlines cooperated worldwide. Now, the aviation landscape is shifting once again. SkyTeam, another major global alliance, finds itself in a precarious position after losing China Southern Airlines, suspending Aeroflot - Russian Airlines, and soon saying goodbye to ITA Airways (which is moving to Star) and #CSA, which will disappear altogether. In this challenging context, SAS’s alliance switch is a significant development. According to the latest flights analysis from OAG, SAS is currently Star Alliance’s ninth-largest airline. At SkyTeam, SAS is set to become its sixth-largest carrier globally, accounting for about 5% of the alliance's flights. That's more than double its share in Star just overnight. SAS’s move is a reminder that change, while sometimes unsettling, is a constant in the aviation industry. As of today, SAS's Star is just shining in a new Sky, ready to continue connecting the world in new ways. #airlinealliances #airlines #scandinavia #oneworld #airtransport

SAS Scandinavian Airlines will add Atlanta to its US network in northern summer 2024, but will not resume two routes from secondary Scandinavian cities to New York Newark after launching them in 2023. It only operated the services from Aalborg (Denmark) and Gothenburg (Sweden) from Apr-2023 until the end of Oct-2023. However, the broader picture for SAS in the market between Scandinavia and the United States is looking fairly solid. Compared with 2019 – before the COVID-19 pandemic, and before the withdrawal of the low cost competitor Norwegian Air Shuttle from all three Scandinavia-US markets – SAS now has more capacity and a higher seat share. It has increased its focus on its hub in Copenhagen, making Denmark-US even more dominant in the Scandinavia-US market than it already was. Norse Atlantic Airways has only partially replaced Norwegian's capacity, and only in Norway-US. Against this backdrop, the demise of SAS' two Newark routes after just one summer season can be viewed as mere tinkering. CAPA - Centre for Aviation

🚀 BUSINESS NEWS 🚀 Lufthansa's financial woes have continued, with the German airline giant admitting it is “becoming increasingly challenging for Lufthansa Airlines to break even for the full year” 📉 Read more on ittn.ie 👉🏽 https://shorturl.at/F67kd #ITTNGroup #ITTNSwitchedOn