Southwest Airlines announced (30-Aug-2012) its senior VP finance and CFO Laura Wright has advised the company of her decision to retire. Tammy Romo has been named to succeed Ms Wright as senior VP finance and CFO. The leadership changes will be effective 20-Sep-2012. Ms Wright will remain with the company until the end of 2012 to assist with the transition. [more - original PR]
Southwest Airlines announces new CFO
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European airline seat capacity growth accelerates - perhaps too quickly: Outlook for winter 2016/17
The summer 2016 season came to an end on 29-Oct-2016. Adjusting for an extra week relative to the previous summer, it produced seat growth of 6% for capacity to/from/within Europe, matching the rate of growth in summer 2015, but higher than the 10-year average rate of 4% and higher than any other summer since 2010.
Current indications from data filed with OAG are that Europe will also experience accelerating capacity growth in the winter 2016/2017 season, which runs from 30-Oct-2016 to 25-Mar-2017. Adjusting for the season being shorter by one week relative to last winter, total seat growth in Europe is set to reach 7%, compared with 6% growth in winter 2015/2016 (and 6% growth in summer 2016). This is higher than the 10-year average rate for winter of 3% and the highest winter growth since 2007/2008.
On routes to all but one region from Europe, seat growth this winter will both be faster than last winter and higher than its 10-year average. The one exception is Europe to Middle East, the fastest-growing region, where capacity growth will remain at 10%. This report presents analysis of this winter's seat growth for Europe by region and by airline group.
United Airlines’ lofty margin goals draw scrutiny, after a tepid market guide for 1Q2017
United Airlines has now joined most of its airline peers in officially declaring it too will achieve a positive unit revenue result in 2017; but its unit revenue and margin outlook for 1Q2017 have created some uneasiness among investors who were clearly looking for a better forecast from the airline.
The company’s margin pressure and more conservative unit revenue outlook in early 2017, versus its rival Delta, are driven by rising labour costs, United’s higher exposure to the Pacific – where overcapacity has created challenges for the large global US network airlines – and, compared with the networks of its peers, the structure of its hub network in capturing traffic flows to warm weather destinations during the US winter season.
In late 2016 United ambitiously declared it would best Delta’s margin performance by 2020. Now that the airline has drawn that line in the sand, United’s margins will be closely watched as a benchmark for progress in meeting that goal.