Airbus risk-management subsidiary Skytra has made it possible for airlines to hedge revenue for the first time, by gathering data covering 83% of daily worldwide ticket sales. Skytra co-founders Elise Weber and Matthew Tringham discuss how this came about and what it means for airlines.
Despite months of airline industry campaigning for governments to lift borders, eliminate quarantines and enable international air travel to begin restoring to at least some level of normalcy, the opposite is happening.
A picture is worth a thousand words, they say. Sadly, a picture tweeted Friday from Heathrow Airport could cost the air transport industry far more dearly.
A year after the devastating effects of the COVID-19 virus on human life first became apparent, it’s disheartening, to put it mildly, still to be writing an editorial on the imperative of mask wearing during air travel.
This will be a bleak winter and there will be failures. But it will not be a winter without hope. Vaccine distribution has begun sooner than most dared to believe, certainly well inside the air transport industry’s most optimistic expectations.
The Dec. 15 news that US President-elect Joe Biden will nominate former election rival Pete Buttigieg to be US Transportation Secretary will likely be met with a slightly quizzical “interesting” by those in Washington DC aviation circles.
In November, Lufthansa Group announced that Brussels Airlines CEO Dieter Vranckx would move to Zurich to become CEO of its Swiss International Air Lines subsidiary on Jan. 1, 2021.