Agility reported (22-Feb-2020) net profit growth of 7% year-on-year in 2019, with revenue up 1.8% and EBITDA up 24.7%. The company was also able to post a net profit 4.4% higher year-on-year in 4Q2019, although revenue was flat. Agility vice chairman and CEO Tarek Sultan stated: "Global trade tensions, regional economic uncertainty, and financial market pressure in emerging markets all contributed to a challenging year for our logistics business. Internally, the costs associated with our investment in digitisation also had an impact; one that we believe will continue in 2020". He said the company recognises it is "likely to see volatility in the global economy that may impact our logistics business" in 2020, "as well as slower market activities in certain markets in the Middle East and Africa that may affect certain portfolio companies". However, he noted the company is "well-positioned to navigate through them [challenges]". [more - original PR]
• What are the alternative ownership models to privatisation?
• What do governments need to consider when deciding whether airports should be privatised?
• What form should regulation take, in order to strike a balance between national and private interests?
• Who ‘owns” airport slots? How should slot policy be regulated and developed?
• What future is there for managing airport capacity that cannot meet demand? To prevent chaos and one that limits growth?
UPDATE: After careful consideration of the impact of COVID-19 & in consultation with our hosts, AIG, it is with regret we announce the CAPA Middle East and Africa Aviation Summit, originally scheduled for 2-3 March 2020 Jordan, will now be postponed.
We invite you to join us along with airline executives from around the globe as we take a deep dive into making money in 2020 and how technology will revolutionise the delivery of aviation services with everything from retailing to sustainability.
SKY Airline, in an email to CAPA, stated (25-Feb-2020) the carrier is completing its fleet renovation programme in Apr-2020, becoming a 100% A320neo operator. The carrier is scheduled to incorporate A321neos in 2021 and A321XLRs by the end of 2023. As previously reported by CAPA, the carrier placed an order for 10 A321XLRs and three A321neos.
PAL Holdings stated (24-Feb-2020) "We wish to advise that the Sangley Airport Project has not been presented or proposed to the PHI's management and board". It added: "We believe it will be premature at this point to comment on the same". As previously reported by CAPA, Macroasia Corporation president and COO Joseph T Chua reported plans to bring Philippine Airlines into a consortium due to construct the USD10 billion Manila-Sangley Point Danilo Atienza Air Base project in 2Q2020. [more - original PR]
Thai Airways reported (24-Feb-2020) the following traffic highlights for Jan-2020:
- Passengers: 1.8 million, +2.8% year-on-year;
- Passenger load factor: 82.8%, +1.8pp;
- Passenger traffic (RPKs): +4.2%;
- Passenger capcity (ASKs): +1.9%;
- Cargo: 47,833 tonnes, -8.2%;
- Cargo load factor: 50.4%, -2.8pp;
- Number of flights: 6298, +0.4%. [more - original PR]
- Visitor arrivals: 1.3 million, +15.2% year-on-year;
- Korean Departures: 2.5 million, -13.7%. [more - original PR - Korean]
Airlines for Australia & New Zealand (A4ANZ) chairman professor Graeme Samuel reported (24-Feb-2020) Australia's Productivity Commission inquiry into Australia's airports "had no impact, with travellers left to wear the costs of the airports' monopoly behaviours". Mr Samuel reported behaviours include:
- Car parking charges where more than AUD0.68 (USD0.45) in every AUD1 (USD0.66) represent profit to the airport;
- Significant growth in charges for landside access services, such as taxis, rideshare operators and buses, with revenue growth of 159% over a decade;
- Sydney Airport recording its highest returns since privatisation, despite a drop in domestic passengers.
Mr Samuel stated: "The fact remains that there is no other monopoly infrastructure in Australia which is exempt from processes to protect consumers against the exercise of market power". [more - original PR]
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- If the first two decades of the century were transformational for the aviation industry, the 2020s will be revolutionary.