A Long Shot: Adria Airways and Croatia Airlines Becoming One?
I stumbled upon this article randomly, but it definitely grabbed my attention.
A marriage between the two carriers (which is a long shot) will definitely follow the industry trend of consolidation and eventually might even make sense, in light of the new route openings for LCC heavy-weights Ryanair and easyJet (even Wizz in that region). As the Brits say: we’ll suck it and see.
Article: http://bit.ly/9KKoxA
eDreams Changes Hands from TA Associates to Permira
Spanish OTA eDreams has changed hands, according to the FT and Mr. May from Tnooz. The majority stake was sold by US-based TA Associates (which bought the OTA in 2006 for about $150 million) to Permira, a UK-based PE firm. The deal is rumored to be in the range of $300 million.
That doesn’t come as a surprise. While the big boys in the OTA business are definitely expanding, there is only a handful of sites really serving the Spanish-speaking world. A few, worth mentioning, include Terminal A Despegar, and eDreams. While eDreams does not specifically focus on Latin America, it wouldn’t be a stretch to move into that market, especially as payment methods improve and allow more pax to not only look, but also book online.
Mr. May says it all: http://bit.ly/abC8j3
Industry Notables
LH posts a profit of $252 million for Q2, but remains in the red for H1 2010 – $135. Reason? Pilot strike and volcano ash. http://bit.ly/9yH1qd
Boeing sees a sharp decline in profit, down 21% YoY. Stops the chronometer for Q2 at $787 million. Delivery decline and tapered defense contracts. http://bit.ly/a6jtMm
China Southern expecting a 5,000% increase YoY on H1 2010 results. A definite wow! http://bit.ly/aH8GQV
easyJet reports a rise in revenue for Q3 ending in June, sets the mark at $1.2 Billion. Increase in passengers is also a worth mentioning – up 3.5% to stand at 12. 3 million pax carried for the quarter. http://bit.ly/amiV8w
– New CEO Carolyn McCall, focuses on fighting Gatwick delays as first item on the “To Do” list. http://bit.ly/9eSiVb
Hawaiian posts $9 million for Q2 2010, down from $27.5 YoY. Numbers expected, argues CEO Mark Dunkerley, mentions the inauguration of two A330. http://bit.ly/bp7okD
LAN hits a solid profit of $60.6 million for Q2, up from $4.2 in Q2 2009. http://bit.ly/ceUltk
Alaska, Horizon start code-sharing with Icelandair, syncing FFPs. http://bit.ly/aFmET0
SpiceJet, Mr. Lund’s favorite airline, heads for international flights. http://bit.ly/9QPBso
TAM orders 25 Airbus planes, puts total number of Airbus planes on order at 176. http://bit.ly/duVhJd
Have a Laugh
To those who fly first/business class: an Air France flight attendant goes through carry-on luggage of asleep passengers. After allegations, she admitted to at least 26 separate occasions when she picked the luggage of the high flyers. http://bit.ly/9WtI2L
A few weeks ago we mentioned that a US Airways pilot was caught snapping up-skirt photos of a teenage girl. He is now on probation. A bit of a disheartening fact is that prior to being a pilot, he was a high-school bus driver. http://bit.ly/dCtQ1u
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