Adria Airways' supervisory board appointed (13-Jun-2013) Mark Anžur as the president of the management board and accountable manager for a four-year term. Mr Anžur said the airline will "strive to achieve the even greater satisfaction of our current passengers and to win over new ones. The profitable growth of the company, security and quality services will be our key goals in the future. Accordingly, by autumn of this year we will present the company’s new business strategy for the next couple of years." The supervisory board also approved a measure to expand the management board with an additional member. The supervisory board will work with Mr Anžur to select a candidate which is expected to be appointed by the end of Aug-2013. [more - original PR] [more - original PR - II] [more - original PR Slovenian] [more - original PR Slovenian - II]
Adria Airways appoints president of the management board and accountable manager
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CAPA global airline financial outlook
Operating margin to reach new high in 2016, but this may signal a subsequent downturn. CAPA’s global airline operating margin model indicates that the industry was more profitable in 2015 than it has been for almost five decades. Moreover, the model predicts that world airline operating margins will rise further above previous historic peak levels in 2016. These new levels of profitability are mainly thanks to the low oil price environment, coupled with strong demand growth in spite of global economic growth rates that are far from exceptional.
Much of the industry is also benefiting from a period of relative capacity discipline. New revenue sources may also be helping, although their role in airline profitability is still emerging.
The macroeconomic and geopolitical backdrops provide the main risks to this forecast. Beyond that, the biggest challenge for the industry will then be to try to sustain margin levels, rather than to allow a peak to be followed by a rapid downturn, as has always happened in the past. But downturns can play a positive role in industry development, possibly even stimulating consolidation.
Global airline financial outlook
Operating margin to reach new high in 2016, but this may signal a subsequent downturn