Page 2 - Capa Summit News Today

Analysis International recovery will take longer than Sir Tim Clark, president of Emirates Airline, first thought. With the focus now on controlling the spread, it’s not possible to think of operating fleets at the levels they had hoped. Apart from the US, Sir Tim does not see the sector-specific aid that needs to go into the perfectly good businesses to help them survive. They have good business models – just no passengers. Sir Tim believes it’s a good time to sort out a lot of the issue...

Analysis African airlines were grounded for the period from Mar- to Sep-2020, and with no aid forthcoming it has been difficult for many airlines. As a result "the African airline industry has been severely damaged". Ethiopian Airlines could see that there was an opportunity with cargo demand and made a quick decision to build up capacity. That has helped the airline manage its cash flow without any bailout money or borrowing, and without any lay-offs or any salary reduction. The airline is ope...

Analysis EasyJets CEO, Johan Lundgren, doesn’t estimate operating more than 10% of 2019 levels in the first quarter of 2021. Mr Lundgren maintains that they have to be flexible, as there is plenty of demand, but the restrictions need to be lifted. Operating across Europe means the airline can move assets and fly to different places where the demand is. The CEO reports that the airline has a number of scenarios, but they want to wait as long as possible before putting them on sale. Mr Lundgren...