Saudi Arabian Airlines Acting Vice-President for Public Relations, Waleed Aloloumi, attributed the carrier’s heavy losses in revenue to a large number of no-show passengers who do not cancel their reservations (Arab News, 24-Jul-2010/Khaleej Times, 25-Jul-2010). The airline reported a loss of USD477.4 million due to 3.6 million no-show passengers, including 2.3 million on domestic services. Saudi Arabian Airlines charges no-show passengers 25% of the original fare. Mr Aloloumi also stated the carrier has rented additional aircraft to meet increased demand during the summer 2010 season. Saudi Arabian has 70 aircraft on order with Boeing and Airbus and will take delivery of 39 new Airbus aircraft by year-end. These aircraft will be configured with 120-298 seats. It has already received 10 A320s and one A330, which have been deployed on Asian, European and domestic operations.
Saudi Arabian Airlines attributes losses to no-show passengers
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"A truly remarkable lineup of airlines"; over 50 executives at CAPA's Airline Fleet & Finance Summit
CAPA’s Airline Fleet & Finance Summit will be attended by "A truly remarkable lineup of airlines" from all continents of the globe, represented by their senior finance officers.
First time attendees at the event include Air Tahiti, euroAtlantic Airways, Pakistan International Airlines, Saudia, TAAG and start-up flymojo.
They are joined by AirAsia's Group Head of Strategy, the Deputy Chief Executive Officer & Chief Financial Officer of Asia Aviation Capital Limited, the Vice President, Fleet & Corporate Finance of Allegiant, Cebu Pacific's Director, Corporate Finance & Investor Relations, China Eastern's General Manager of CEA International Financial Leasing Corporation Limited, KLM's Director Group Treasury, Malaysia Airlines' Group CEO, Finnair's CFO, IndiGo's Director - Aircraft Acquisition and Financing and many others.
Together with 15 stand-alone presentations from airline CFO/treasury/finance heads outlining their fleet and financing plans + over 50 airline representatives attending the unique CAPA Fleet Marketplace – the CAPA Airline Fleet & Finance Summit (2/3-Mar, Singapore) at Capella Sentosa is not to be missed.
The CAPA airline fleet quiz: 15 challenging questions. CAPA Summit Singapore 2/3 March
Test your knowledge of the global aircraft fleet with this CAPA Quiz. If you have access to the comprehensive CAPA Fleet Database, it should be a breeeeze.
Rank your result:
15/15 = Outstanding! – you should set up your very own aircraft leasing company.
13-14/15 = Excellent – your colleagues should say the word ‘wiki…’ in front of your first name around the office.
10-12/15 = Very good – someone should shout you several drinks at the next air finance gathering.
9 or below/15 = Time to brush up – you need to sign up for CAPA's Fleet Database immediately.
Visit http://capaevents.com/AFFS17 for the answers