State-aid: Risks and benefits emerging from SARS-Cov-2
Here we go again. As any experienced executive in the aviation industry knows, this is an industry that has only one constant - change. Over the past 30 years, airline executives have (or should have) learned to expect the unexpected. This has (or should have) made them more resilient. It also (should have) influenced their decision making. Certainty is not a word airline executives have much use for. Resilience, robustness, discipline, sustainability, creativity, focus, cam
THE CHASE FOR LOWER YIELDS: Why do airlines keep doing this to themselves?
The airline industry has become well known for seemingly being unable to sustain profits. This is of course not true for all airlines. However, the general trend toward unsustainable profitability appears to be fairly consistent across the industry. While there are pressures and external market factors, we believe this trend is largely self-inflicted by the industry as a whole across the value chain and by airlines themselves. Overall yield trends Airlines have faced tremendo