September 6, 2023
Ailevon Pacific Aviation Consulting
Ailevon Pacific Aviation Consulting is an international aviation consulting firm specializing in Air Service Development
Today marks the end to Alan Joyce’s leadership at Qantas.? Alan has led the airline through some very challenging and exciting periods.? His background in network planning, and his ability to tap new markets with the airline brands and partnerships he forged has built an airline group into a formidable company.? I’m sure there will be much to consider in a rear-view mirror, on his leadership and time at the airline in the weeks, months and years ahead.
This month we take a look at capacity recovery from an airline brand perspective, looking at how some selected airlines have recovered, compared to others in the Asia/Pacific region based on loaded forward schedules compared to last year and the same period in 2019.
Late last month, a number of airline & airport stocks in this region released their annual results to the market.? For the most part, both Air New Zealand and Qantas reported impressive turn-around financial results, and Auckland Airport a result that put them on a path back to more stable earnings.? Where possible, we’ve summarised those earnings calls for retained clients, and will send these summaries, as illustrated below, to you soon.
DATA Insight: Constrained capacity – which airlines have surpassed 2019 levels?
A number of carriers in the region have stated their planned growth in schedules in the coming seasons ahead.? So we’ve decided to take a snapshot of the current capacity for the period available in 2024, and compare this to the most recent period in 2023, and of course, the all important benchmark – 2019, period to the industries upheavals.
Unsurprisingly, north Asian carriers (China/HKG in particular) are showing significant growth due to longer border closures making comparisons against previous periods where travel internationally had been curtailed, demonstrating strong schedule capacity growth in the most recent period to compared to the preceding period.? This growth however is off a lower base, and clearly seen as still lagging 2019 capacity levels.? Only 4 carriers randomly selected show any strength in capacity over 2019 – and only 2 in double digits – and only one showing performance well above their peers, Fiji Airways – again off a lower base overall, where newly acquired aircraft is adding significant new capacity, and excellent opportunities for network growth to capitalise on the tourism product the nation offers.
Industry challenges aside (lack of crew; available operational fleet etc.) capacity was thought to return quickly.? As seat volumes close to 2019 levels still evade, and demand remains robust, prices could yet remain elevated.
REGISTER NOW: 8-10 November ?//?? Click HERE for more details?? //?? Click HERE to register.
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Fremantle Walking Tour (3pm-5pm, Friday 10 November): overview
Explore the vibrant and historic port city of Fremantle on a fun and informative walking tour with Oh Hey WA - your ticket to a captivating journey through time and culture. From traditional Aboriginal uses to modern-day marvels, we've got it all covered! Hear fascinating stories of the colonists, convicts, immigrants and the rush for gold that molded this landscape, alongside glimpses of the freshest artworks and buzzworthy venues in town.
To register for the free tour, email your interest to Jessica.
The AIR SERVICE DATA ANALYTICS SYMPOSIUM will be held in Fremantle, Perth.? Registrations are now open, with Boeing, OAG, InFare, BEONTRA, TRA Tourism Data, NEAR, Sabre, UNSW, Expedia, CommBankIQ, & CIRIUM already committing to speaking.? GMR New Delhi will also be in attendance.? The Data Symposium will be preceded by our usual offering of a full day MasterClass in Air Service Development, and how to build better business cases.? Register here for the MasterClass.
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