Ryanair, Europe’s leading budget airline, called out CEOs of IAG (Willie Walsh), Air France (Alexandre de Juniac), and Lufthansa (Carsten Spohr) to take the ice bucket challenge. Ryanair CEO Michael O’Leary literally overdid the ice bucket event in Dublin on Thursday, much to the delight of 200 employees of his airline.
Lufthansa
EU Sanctions On Russia Provoke Airline Economics War
This morning business daily Vedomosti has reported, Russia may begin restricting European airlines from flying over Siberia on Asian routes. The move, if enacted, would imposed crippling costs on some European carriers. To make matters worse, the underlying business infrastructure of all countries will certainly be negatively affected.
Fight Aboard Lufthansa Flight Forces Emergency Landing
A Lufthansa airliner had to make an emergency landing in Budapest earlier this week when a fight broke out between passengers on board.
El Cheapo Europe Flights Dominate Market
According to the Amadeus Air Traffic Travel Intelligence report recently released, budget flights in Europe and other regions are trending to dominate air travel. The report reveals low cost carriers taking up as much 14% of all air travel, while cheap flights in Europe account for 38% overall.
Europe Airlines and Economic Engines Lost
According to a report from the CAPA Center for Aviation, the 13 largest European airlines lost an aggregate net profit of some 72% last year. With costs growing faster than revenues (8.5% versus 8%) it seems clear some of these 13 will founder if things don’t change.