etihad confident partner strategy can help group weather challenging year ahead for aviation
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Etihad confident partner strategy can help group weather challenging year ahead for aviation

Egypt Today, egypt today

Egypt Today, egypt today Etihad confident partner strategy can help group weather challenging year ahead for aviation

James Hogan, the chief executive of Etihad, says Etihad’s investments in airlines in key markets were made with three goals
Milan - Arab Today

Etihad Airways underscored on Wednesday the effect of its investments in other airlines, saying that the strategy had paid off and that its commitment to struggling partners was unwavering despite current market pressures.
"Our investments had an immediate impact on the revenue side, delivering hundreds of millions of dollars in additional revenues and allowing us to fill our onward connecting flights," James Hogan, the chief executive of Etihad Aviation Group, said at an industry event in Dublin.
"We are committed to our equity partner strategy – it delivers a huge amount to our business. Some of those airlines need to react to the market pressures they face and we are supportive of that process too."
Mr Hogan said that last year 5.5 million guests connected on to the Etihad Airways network from partners airberlin, Alitalia, Jet Airways, Virgin Australia, Air Serbia, Air Seychelles and European carrier Etihad Regional.
Long-term investments in India’s Jet, Air Serbia, Air Seychelles, Virgin Australia and Etihad Regional were already paying dividends, but those in airberlin and Alitalia were yet to bear fruit.
"We have faced greater challenges with airberlin and with Alitalia," he said. "Both are operating in very tough, competitive environments and need to address long-standing issues facing their businesses."
"I believe airberlin’s strategy is now on track, and Alitalia is finalising a business plan to address its issues."
The airline business closer to home is facing its own challenges. Figures released by the industry body, the International Air Transport Association (Iata), in December showed that capacity among Middle Eastern carriers increased by 10 per cent in October compared with the same month a year earlier.
At the same time, passenger demand growth fell to 7 per cent, its slowest pace in 18 months, as low oil prices and an economic slowdown in the region dampened demand for air travel. This meant that average load factors, a measure of how efficiently airlines can fill seats and generate revenue, fell by 2 percentage points to 70.1 per cent, their lowest level for October since 2006.
Analysts say overcapacity, price pressures, exchange volatility, security threats and poli­tical uncertainties are likely to be affecting all airlines in the Middle East.
That has already been reflected in a slew of job cuts. Etihad said in December it was cutting jobs as the aviation sector responds to a global economic slowdown. It did not say how many jobs would be lost but that the restructuring would result in a measured reduction of headcount in some parts of the business.
The slowdown, however, has prompted Etihad to boost its international network, rather than scale it down. It signed an agreement in December with Germany’s Lufthansa to code-share on some flights, a prelude to a much closer relationship between the two national carriers.
Etihad currently has code-share deals with 51 airlines around the world, but the deal with Lufthansa is potentially the biggest and most significant. Codesharing allows airlines to effectively share flights by offering passengers of one carrier the ability to book a flight directly on another airline.

Source: The National

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

etihad confident partner strategy can help group weather challenging year ahead for aviation etihad confident partner strategy can help group weather challenging year ahead for aviation



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday