Avianca, President & CEO, Adrian Neuhauser at the CAPA World Aviation Summit 2023
Avianca, President & CEO, Adrian Neuhauser spoke to CAPA TV at the CAPA World Aviation Summit 2023 in Abu Dhabi about latest industry trends and company developments.
CAPA Events are hosted in key markets around the world and attract the highest calibre of thought leaders and decision makers in the aviation and travel industry. Delegates are provided with unprecedented access to the latest data, insights and trends from our global team, in addition to valuable networking opportunities with executives across all sectors of the aviation and travel industry. Review CAPA’s full events calendar here.
Transcript
Adrian Neuhauser:So if you look at, if you look at December capacity, December capacity in Colombia will effectively be basically flat to what it was December of last year. So that capacity has been backfilled in terms of flights, in terms of seats. It's actually a little higher. And we're now reaching the point where we think the market is being properly served. There's also challenges with continued growth. At Bogotá, Bogotá has been taken from 68 operations an hour to 74 operations an hour. And you've seen some recent challenges there, especially on the air traffic control side, where it's getting difficult to manage that growth. So we think, you know, we think supply is adequately matched to demand. But we also think there's, you know, challenges in supply continuing to grow without significant investment from the government, which we'd like on increasing capacity in Bogotá. Look, there's, there's been ample noise about airlines that want to enter. It's not a concern. We think we've positioned ourselves from a cost perspective and pricing perspective in a place where we think we're an extremely attractive proposition. We welcome competition. We think competition makes everybody stronger and, and, and better. We expect people to enter and we think we'll be successful in competing with them. Demand's been holding up really well. Our, our, our Black Friday sales were above our expectations and above any, any figures we've seen historically. It's a record for us. What we've— Colombia has been a little different than what you've seen in, in Europe, in the US, in the sense that recovery was very quick. But But you haven't seen kind of that big revenge travel metric that you saw in other places. Right. So we, we think it's in a healthier place. We think the demand recovery that we've seen is sustained and is kind of structural demand recovery. And we're seeing demand continue to, to, to remain strong going forward. We didn't get the big boom. We're also not seeing kind of the big softening that you're seeing in other markets. We do expect growth to temper somewhat. Economic growth hasn't been as strong as we'd like. And international travel, because of inflation, has become more expensive. So you're seeing people focus on shorter-haul segments, on more flying within Latin America, etc., which, which in a way plays to our strengths. But again, it's still a robust demand environment. We're happy.
Copyright policy: All transcripts on this site are the copyright of CAPA - Centre for Aviation. Our reproduction policy is as follows: you may quote up to 400 words of any transcript on the condition that you attribute the transcript to CAPA - Centre for Aviation and link to the original video page. All other use is prohibited. While we aim for 100% accuracy in the transcript, there may be some minor transcribing errors.