Aviation Strategy – VISIONSBLOG.INFO

The aviation world after Corona – what will it look like?

Within eight weeks everything has changed. When the crisis ends, the industry will be a different one. The majority of airlines now don’t expect demand to normalize before 2022. Aviation is experiencing the biggest crisis in its history with the outbreak of the Covid 19 pandemic. It is now also clear that this is not a short, difficult phase, but a turning point.

Even though airlines around the world were carrying record numbers of passengers before the crisis, only a minority were doing really well.
The rapid growth of the industry in recent years – driven by cheap capital and low kerosene prices – has only been profitable for very few. Continue reading “The aviation world after Corona – what will it look like?”

Lufthansa fights the corona crisis with massive cuts

Lufthansa CEO Carsten Spohr grounded around 700 of the 763 aircraft fleet/Foto: Lufthansa

Lufthansa wants to fight the corona crisis with massive cuts. “We must counter this extraordinary situation with drastic and in some cases painful measures,” Lufthansa CEO Carsten Spohr announced. “The longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid.”

The top management of the Executive Board will forego 20 per cent of its basic remuneration this year, said Spohr. Around 700 of the 763 aircraft in the fleet are currently on the ground. According to the Group, only five percent of the originally planned flights are currently taking off. Continue reading “Lufthansa fights the corona crisis with massive cuts”

Ryanair: hundreds of jobs on the tip

Because of the flight ban for Boeings medium range jet 737 MAX there are hundreds of jobs on the tip of the Irish low-cost airline. The company needs around 1,500 fewer pilots and flight attendants than originally planned, Michael O’Leary told the staff in a video message. Continue reading “Ryanair: hundreds of jobs on the tip”

Ruinous price war in the sky – Airlines serve greed and irresponsibility of consumers

Quickly and cheaply jetting somewhere has serious consequences/photo: tz.de, Munich Airport, Terminal 2

Serving the irresponsibility and the greed of consumers for ever cheaper ticket offers, to quickly jet somewhere at the weekend, to fly domestic routes, has further dramatic not only ecological but also economic consequences for the airlines itselves.

On the morning of 30 July, the Lufthansa share fell by up to seven per cent to its lowest level for two years. The discount battle with airline tickets Continue reading “Ruinous price war in the sky – Airlines serve greed and irresponsibility of consumers”

Lufthansa on the verge of restructuring?

Discussion about a lean holding company has begun/Foto: Lufhansa

First the profit warning, then the fall in the share price, Lufthansa recently shocked investors. Various media speculate that Group CEO Spohr could counter the increasing pressure with a restructuring. Apparently a lean holding company is being discussed.

Lufthansa could transform itself into a holding company in the future. The “Handelsblatt” writes that a new, leaner group structure is being discussed in the company’s Executive Board and parts of the Supervisory Board. Continue reading “Lufthansa on the verge of restructuring?”

Lufthansa cancels growth plans of low-cost subsidiary Eurowings

The Lufthansa Group has cancelled the growth plans of its low-cost subsidiary Eurowings. In the current year, Eurowings’ flight offerings will remain at the previous year’s level, the Airline group announced in Frankfurt on April 30 when presenting the quarterly figures. Most recently, the Board of Management had had an increase of two percent in mind.

The evaporated plans are intended to help ensure Continue reading “Lufthansa cancels growth plans of low-cost subsidiary Eurowings”

Ryanair takes over Laudamotion

According to Laudamotion, the airline is now a 100% subsidiary of Ryanair Holding/Foto: Reuters

As was announced yesterday, Ryanair, Europe’s largest low-cost airline, has completely taken over Laudamotion, the airline of Niki Lauda, and expanding in Vienna …

The Irish low-cost airline Ryanair has taken over all shares of Laudamotion. Ryanair previously held 75 per cent of the Austrian airline Laudamotion, Niki Lauda Holding the remaining 25 per cent. According to Laudamotion, the airline is now a 100% subsidiary of Ryanair Holding.
Laudamotion has an ambitious growth plan. In the summer, the fleet is to be expanded from 19 to 25 aircraft and by the 2021/22 financial year to 40 aircraft. The airline then intends to carry ten million passengers – in the first business year after its foundation in 2018, the company expects four million passengers and losses of around 140 million euros. However, the company has no long-haul plans. Company boss Gruber explained that he expects a maximum loss of 50 million euros in the second business year. In the third business year, the airline is expected to fly profitably.

The situation at Vienna International Airport is getting even tighter, the rush of low-cost airlines continues….

https://visionsblog.info/en/2018/07/22/%ef%bb%bflow-cost-air-rush-vienna-airport/

Sources: dpa, mirror online, Laudamotion, Visionsblog.info

Germany has a lot of catching up to do when it comes to digitization

For the second time this summer, the business magazine Capital selected the best digital laboratories of major German corporations. The innovation labs from Lufthansa, Linde, Daimler and Pro Sieben Sat 1 are best, according to a study. But Germany has a lot of catching up to do when it comes to digitization, as many say, such as Annegret Kramp-Karrenbauer, CDU General Secretary, or Gleb Tritus, co-founder and CEO of the Lufthansa Innovation Hub founded in 2014 in Berlin and a pioneer in many disciplines. Visionsblog.info talked to the serial entrepreneur, Business Angel and Innovator.

Visionsblog.info: Mr Tritus, there is too little awareness of the efforts needed to maintain Germany’s economic strength in a completely changed world for the future, said Annegret Kramp-Karrenbauer, CDU general secretary, to the Frankfurter Allgemeine Sonntagszeitung on 16 September. How do you see that?

Gleb Tritus: I agree that there is still too little awareness of the fact that the need for technological understanding and adaptability is no longer linear but disproportionately high. Fundamental changes happen faster than they did ten or fifteen years ago. Here, the business location of Germany is increasingly falling behind. At the same time, Continue reading “Germany has a lot of catching up to do when it comes to digitization”

Low-cost air rush on Vienna Airport

Also Level takes part in the lowcost battle at Vienna´s Airport/ Photo: Level

How much air is left for budget airlines at Vienna Schwechat Airport? Never before has the rush of low cost airlines for an airport been so great. Low prices delight passengers.

Many low-cost airlines are approaching the airport Vienna Schwechat – and almost daily there are more. Continue reading “Low-cost air rush on Vienna Airport”

New Challenges for the global aviation industry

Aviation Event 2018, Düsseldorf Airport Conference Center, June 23th 2018/Foto: jwm

Düsseldorf was the ,venue´ of the Aviation Event 2018, the platform for senior-level dialogue between representatives of the aviation industry, business and politics. The approximately 200 participants came from airline companies, aviation associations, air traffic advisors and political representatives. The new challenges for air freight, safety and security, the impact of Brexit, the opportunities of the long-haul low-cost market, the management of airlines in the age of digitization and the problem of ground transportation were the topics of 2018. Continue reading “New Challenges for the global aviation industry”