DOCSLIB.ORG

Pobeda Airline: Timely Value Proposition

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Pobeda Airline: Timely Value Proposition AEROFLOT GROUP Q2 & 6M 2020 IFRS R ESULTS 31 August 2020 Speakers: Andrey Chikhanchin – Deputy CEO for Commerce and Finance Andrey Panov – Deputy CEO for Strategy, Service and Marketing Ivan Batanov – Head of Revenue Management Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. No reliance may be placed for any purpose whatsoever on the information contained in this document or on assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company, its subsidiaries or any of their respective advisers, officers, employees or agents, as to the accuracy of the information or opinions or for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents. This document may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the market in which the Company operates. By their nature, forwarding-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition and liquidity and the development of the market in which the Company operates may differ materially from those made in or suggested by the forward- looking statements contained in this document. The Company does not undertake any obligation to review or confirm expectations or estimates or to update any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation. 2 Aeroflot Group 6M 2020 Highlights PAX Yield Revenue External Factors Million PAX RUB / RPK Billion RUB - 54.2 % - 2.5 % - 52.0 % COVID-19 3.79 311.4 28.2 mln 3.69 149.4 12.9 mln 6M 2019 6M 2020 6M 2019 6M 2020 6M 2019 6M 2020 Note: immaterial deviations throughout the presentation are explained by rounding • In 6M 2020 Aeroflot Group’s performance was seriously affected by COVID-19 amid significant pressure on demand in the domestic segment of the market and the complete closure of the international segment from the end of March with respective implications for financials. 3 1. Market Update and Operating Results 2. Strategy 2028 3. Network and Schedule Overview 4. Fleet Overview 5. Financial Performance 6. Appendix 4 Overview of the Russian Market Passenger Traffic: Market vs Aeroflot Group Key Market Players Russian Air Transportation Market (million PAX) Change in PAX million incl. PAX of Russian and Foreign Carriers and intl. transit PAX -15.3 (53.6)% International Routes 12.9 66.2 Domestic Routes -7.1 -3.4 33.0 -5.6 6.1 4.8 -2.2 -1.9 (87.9)% 2.9 30.7 38.1 2.0 1.9 11.6 19.7 33.2 Aeroflot S7 Group Ural Airlines UTair Group Foreign Others Group Carriers 19.1 18.4 4.6 0.1 4.5 6M 2019 6M 2020 Q2 2019 Q2 2020 Market Shares Aeroflot Group (million PAX) 6M 2019 6M 2020 (54.2)% 20.0% 19.9% 28.2 42.6% 42.1% (88.8)% 9.4% 12.7 12.8% 15.4 6.3% 5.8% 12.9 6.7% 6.4% 7.0 15.6% 4.6 12.3% 15.5 8.4 8.5 1.7 0.05 1.7 6M 2019 6M 2020 Q2 2019 Q2 2020 Foreign Carriers Others Source: TCH, Aeroflot Group. Figures include foreign carriers’ traffic. • The market’s and Aeroflot Group’s performance remained under significant pressure in Q2 and 6M 2020 amid 5 adjustment in demand in the face of COVID-19 in the first quarter of 2020, which extended into following quarters. Material Impact of COVID-19 Starts from March Monthly PAX Traffic (Russian Carriers) Capacity (Russian Carriers) and PLF Million PAX Billion ASK, PLF in % Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun Jul 30.5 8.9 8.0 26.7 23.5 6.8 6.4 17.6 79% 79% 75% 69% 2.8 9.5 58% 4.0 4.4 0.9 44% 0.7 39% 6.6% 6.4% (28.1)% (92.1)% (91.3)% (77.4)% (52.4)% 10.0% 8.7% (17.6)% (86.0)% (86.6)% (73.8)% (54.3)% Source: TCH, Federal Air Transport Agency, Aeroflot Group calculations Source: TCH, Federal Air Transport Agency, Aeroflot Group calculations • The Russian market was substantially hit by COVID in April and May 2020 with recovery starting from June and extending into Q3. • Load factor shows positive progression as airlines cautiously add capacity below demand recovery levels. 6 Domestic Segment Shows Gradual Recovery PAX Traffic of Russian Airports Q3 – International Segment PAX dynamics based on 33 key Russian airports Flights reopened starting from 20% 7% 7% 1 August with following countries: 0% • United Kingdom • Turkey -20% • Tanzania • Switzerland (25)% -40% Q3 – Domestic Segment (45)% -60% Steady recovery in domestic -80% (74)% segment continuing in July and (91)% (90)% August -100% Jan Feb Mar Apr May Jun Jul Total Domestic International Source: Russian international airports association (MAA), Federal Air Transport Agency • Domestic segment showing signs of recovery from June as travelling restrictions within Russia are gradually lifted while international segment opening only a handful of destinations from August. 7 Aeroflot Group Performance Across Different Brands Brand Business Model 6M 2020 PAX Contribution1 and Dynamics July 2020 • Flagship carrier -56.1% • Premium product (4 Stars) 17.8 -72% PAX Premium • High income and middle class 60.4% 7.8 7.8 -74% ASK • Hub and spoke model 6M 2019 6M 2020 • Scheduled network under SU -64.1% (Aeroflot) code from 5.1 -49% PAX Mid-price − Moscow (SVO) 1.8 14.1% 1.8 − St. Petersburg (LED) -42% ASK • Charter operations 6M 2019 6M 2020 -35.8% • Point-to-point carriage 4.6 • Focus on domestic +2% PAX 2.9 2.9 Low Cost segment and underserved 22.7% international routes -3% ASK 6M 2019 6M 2020 • Airline for communities in the -51.6% Russian Far East offering 0.7 -62% PAX Regional flights 0.4 2.8% 0.4 − between large cities -48% ASK − to remote cities 6M 2019 6M 2020 Source: Aeroflot Group 1 PAX contribution as of 6M 2020. Absolute number of passengers in million in green circle • Material decline in demand and closed borders have resulted in 6M traffic decline for key carriers of the Group, including Pobeda suspending operations for April and May. In Q3 the Group is observing the gradual recovery of 8 the domestic segment. Pobeda Airline: Timely Value Proposition Overview Total PAX dynamics in 2020 mn PAX, change y-o-y 1.0 Operations restarted in June 2020 0.9 after suspension in April and May amid demand decrease 0.8 0.7 2.9 mm PAX transported in 6M 2020 (-35.8% y-o-y) 0.4 90.1% PLF LF remained high in 6M 2020 despite ongoing pressure 0.0 0.0 30 B737NG aircraft Jan Feb Mar Apr May Jun Jul with single class cabin (189 seats) 33.9% 31.7% 3.0% (99.9)% (99.9)% (51.5)% 1.6% 11 p.p. RPK mix shift from international to domestic in 6M 2020 y-o-y Beginning of 2020 route network Operating Indicators of July 2020 (Domestic) Petrozavodsk Surgut Helsinki Domestic traffic already recovered to 2019 levels 14 Saint Petersburg Kirov Perm Krasnoyarsk Moscow Kazan Ekaterinburg Tomsk Riga Novosibirsk 62 Cheboksary Nizhnekamsk Tyumen Ulyanovsk Kaliningrad Chelyabinsk Omsk Kemerovo Samara Magnitogorsk Eindhoven Berlin Ostende Leipzig Ulan-Ude 5,797 Cologne Karlovy Vary 94.4% Baden-Baden Salzburg Volgograd 1,039 Memmingen Bratislava Rostov Innsbruck Astrakhan Bergamo Krasnodar Venice Anapa Min.Vody Genova Gelendzhik Nazran Pisa Rimini Varna Sochi 12 Tivat Vladikavkaz Makhachkala Girona Rome Tbilisi Bari Istanbul Batumi Gyumri Cagliari Palermo Antalya Traffic, th PAX Revenue flights, PLF, % Catania Bodrum Gazipaşa Dalaman Larnaca cycles Cities the airline operates flights to Base cities with >10 routes served from city XX 27.1% 30.4% (3.2) p.p. Cities with <10 routes served from city (number of routes in circle) Source: Aeroflot Group • Pobeda has restarted operations in June 2020 recovering significant volume of traffic in domestic segment 9 amid strong load factor and is uniquely positioned to bring back more capacity leveraging its value proposition appealing to cost conscious passengers. 1. Market Update and Operating Results 2. Strategy 2028 3. Network and Schedule Overview 4. Fleet Overview 5. Financial Performance 6. Appendix 10 Key Goals of the Updated Strategy Key Strategic Goals Stronger Accelerated position of development Increase of Aeroflot Airline of Pobeda Airline to m Aeroflot in the premium 130 improve air travel PAX Group’s PAX segment due to affordability and the Group’s stimulate demand transformation Aeroflot Group: Now and Then 2019 PAX (mn) 2028 • Optimization of the network Premium carrier according to routes’ yield with international recognition, 37 35-40 developing transit • Best-in-class premium quality service Low-cost carrier, • Supporting high population one of the largest and one of the 10 55-65 mobility 1 most cost efficient in the world • Stimulating demand through more affordable ticket prices Regional carrier, • Operating modern Russian- routes bypassing Moscow, social 12 20-30 manufactured aircraft function and regional connectivity • Socially important routes, inter-regional network 1 Based on CASK ex.-fuel benchmarking, calculated based on airlines’ data.
Load more

Recommended publications
  • Presentation Is Made, Or by Reading the Presentation Slides, You Agree to the Following
    AEROFLOT GROUP Q3 & 9M 2020 IFRS R ESULTS 1 December 2020 Speakers: Andrey Chikhanchin – Deputy CEO for Commerce and Finance Andrey Panov – Deputy CEO for Strategy, Service and Marketing Ivan Batanov – Head of Revenue Management Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. No reliance may be placed for any purpose whatsoever on the information contained in this document or on assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company, its subsidiaries or any of their respective advisers, officers, employees or agents, as to the accuracy of the information or opinions or for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents. This document may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the market in which the Company operates.
    [Show full text]
  • Airline On-Time Arrival Performance (Sep 2018, by Variflight) SC Tops
    Airline On-time Arrival Performance (Sep 2018, by VariFlight) SC Tops China’s Major Airlines in APAC OTP Chart MF Shows the Most Rapid YoY Growth Powered by VariFlight incomparable aviation database, the monthly report of Airline On-time Arrival Performance provides an overview of how global airlines perform in September, 2018. In September, Aeroflot-Russian Airlines tops the global OTP chart again. A total of 381,000 aircraft movements were handled by Chinese airlines, showing an increase of 4.6 percent year-over-year. Aeroflot-Russian Airlines takes the top spot in the global OTP chart for three consecutive months. Shandong Airlines moves into the first place for punctuality among Chinese airlines in APAC with an on-time arrival rate of 89.22 percent. Among ten major Chinese airlines, Shandong Airlines surpasses Tianjin Airlines to top the OTP list; Xiamen Airlines shows the most rapid YoY growth in OTP. Taking a look at the TOP10 domestic popular routes, SHA-CAN route demonstrates the fastest growth, improving 23.14 percent compared with that in August. Global Big Airlines SU Tops Global Big Airlines Aeroflot-Russian Airlines tops the global big airlines chart in September with an on-time arrival rate of 96.28 percent and 5.06 minutes of average arrival delay, followed by All Nippon Airways and Japan Airlines. IATA Flight On-time Arrival Average Arrival Ranking Airlines Country Code Arrivals Performance Delay (minutes) Aeroflot-Russian 1 SU RU 30826 96.28% 5.06 Airlines 2 NH All Nippon Airways JP 34965 96.20% 5.60 3 JL Japan Airlines JP 23778 96.09% 6.58 4 EK Emirates Airlines AE 16042 95.90% 5.68 Page 1 of 6 © 2018 VariFlight.
    [Show full text]
  • IATA CLEARING HOUSE PAGE 1 of 21 2021-09-08 14:22 EST Member List Report
    IATA CLEARING HOUSE PAGE 1 OF 21 2021-09-08 14:22 EST Member List Report AGREEMENT : Standard PERIOD: P01 September 2021 MEMBER CODE MEMBER NAME ZONE STATUS CATEGORY XB-B72 "INTERAVIA" LIMITED LIABILITY COMPANY B Live Associate Member FV-195 "ROSSIYA AIRLINES" JSC D Live IATA Airline 2I-681 21 AIR LLC C Live ACH XD-A39 617436 BC LTD DBA FREIGHTLINK EXPRESS C Live ACH 4O-837 ABC AEROLINEAS S.A. DE C.V. B Suspended Non-IATA Airline M3-549 ABSA - AEROLINHAS BRASILEIRAS S.A. C Live ACH XB-B11 ACCELYA AMERICA B Live Associate Member XB-B81 ACCELYA FRANCE S.A.S D Live Associate Member XB-B05 ACCELYA MIDDLE EAST FZE B Live Associate Member XB-B40 ACCELYA SOLUTIONS AMERICAS INC B Live Associate Member XB-B52 ACCELYA SOLUTIONS INDIA LTD. D Live Associate Member XB-B28 ACCELYA SOLUTIONS UK LIMITED A Live Associate Member XB-B70 ACCELYA UK LIMITED A Live Associate Member XB-B86 ACCELYA WORLD, S.L.U D Live Associate Member 9B-450 ACCESRAIL AND PARTNER RAILWAYS D Live Associate Member XB-280 ACCOUNTING CENTRE OF CHINA AVIATION B Live Associate Member XB-M30 ACNA D Live Associate Member XB-B31 ADB SAFEGATE AIRPORT SYSTEMS UK LTD. A Live Associate Member JP-165 ADRIA AIRWAYS D.O.O. D Suspended Non-IATA Airline A3-390 AEGEAN AIRLINES S.A. D Live IATA Airline KH-687 AEKO KULA LLC C Live ACH EI-053 AER LINGUS LIMITED B Live IATA Airline XB-B74 AERCAP HOLDINGS NV B Live Associate Member 7T-144 AERO EXPRESS DEL ECUADOR - TRANS AM B Live Non-IATA Airline XB-B13 AERO INDUSTRIAL SALES COMPANY B Live Associate Member P5-845 AERO REPUBLICA S.A.
    [Show full text]
  • China Southern Airlines' Sky Pearl Club
    SKY PEARL CLUB MEMBERSHIP GUIDE Welcome to China Southern Airlines’ Sky Pearl Club The Sky Pearl Club is the frequent flyer program of China Southern Airlines. From the moment you join The Sky Pearl Club, you will experience a whole new world of exciting new travel opportunities with China Southern! Whether you’re traveling for business or pleasure, you’ll be earning mileage toward your award goals every time you fly. Many Elite tier services have been prepared for you. We trust this Guide will soon help you reach your award flight to your dream destinations. China Southern Sky Pearl Club cares about you! 1 A B Earning Sky Pearl Mileage Redeeming Sky Pearl Mileage Airlines China Southern Award Ticket and Award Upgrade Hotels SkyTeam Award Ticket and Award Upgrade Banks Telecommunications, Car Rentals, Business Travel ， Dining and others C D Getting Acquainted with Sky Pearl Rules Enjoying Sky Pearl Elite Benefits Definition Membership tiers Membership Qualification and Mileage Account Elite Qualification Mileage Accrual Elite Benefits Mileage Redemption Membership tier and Elite benefits Others 2 A Earning Sky Pearl Mileage As the newest member of the worldwide SkyTeam alliance, whether it’s in the air or on the ground, The Sky Pearl Club gives you more opportunities than ever before to earn Award travel. When flying with China Southern or one of our many airline partners, you can earn FFP mileage. But, that’s not the only way! Hotels stays, car rentals, credit card services, telecommunication services or dining with our business-to-business partners can also help you earn mileage.
    [Show full text]
  • Annual Report
    1995-2020 ANNUAL REPORT RESPONSIBILITY PROACTIVENESS CREATIVITY TABLE OF CONTENTS I. MESSAGE FROM CHAIRMAN OF THE BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER 6 II. DEVELOPMENT STRATEGY 12 Vision 12 Mission 12 Core values 12 Targets 12 Development strategy 13 III. COMPANY OVERVIEW 18 General information 18 Business lines 20 Business network 22 Establishment and Development history 24 Organization structure 26 Shareholder structure 38 Highlight events in 2019 40 Awards and Accolades in 2019 42 IV. BUSINESS PERFORMANCE 46 Key operational performance 46 Key financial indicators 49 V. ASSESSMENT OF THE BOARD OF DIRECTORS 52 On the operations of Vietnam Airlines 52 On the activities of the Board of Management (BOM) 55 On the orientation of operations for 2020 56 VI. REPORT OF THE BOARD OF MANAGEMENT ON BUSINESS RESULTS IN 2019 58 Business environment 58 Performance in various areas 60 Route network 60 Fleet 66 Flight operation 67 Commercial performance 68 Services 75 Technical areas 79 Safety and security 81 Human resource management 82 Communications and brand development 86 Information technology 90 Cooperation programs 91 Investment activities 94 Financial performance 99 Innovations in organizational structure and management policy 103 VII. ENVIRONMENTAL AND SOCIAL RESPONSIBILITIES 106 Compliance with environmental protection regulations 108 Social engagement 109 Employee welfare and benefits 112 VIII. CORPORATE GOVERNANCE 114 Corporate governance structure 114 Information and activities of the Board of Directors 116 Activities of the committees under the Board of Directors 116 Report of the Supervisory Board 117 Activities of the Chief Administrator & Corporate Secretary 119 Investor relations 119 IX. RISK MANAGEMENT 122 X. AUDITED CONSOLIDATED FINANCIAL STATEMENTS 126 To download a soft copy of Vietnam Airlines’ Annual Report 2019, please visit https://www.vietnamairlines.com/vn/about-us/investor-relations/annual-reports or scan QR code on the left-hand side.
    [Show full text]
  • List of Foreign EASA Part-145 Approved Organisations
    EASA-IFP - List of Valid Foreign Part 145 organisations (WEB) List of valid Foreign Part-145 organisations This list contains valid approvals, including limited and partially suspended ones. Approved organisations EASA ap​proval num​ber Cer​tifi​cate ad​dress Coun​try - Status of Approval: Patially Suspended (3) EASA.145.0469 NW TECHNIC LLC RUSSIA EASA.145.0547 ONUR AIR TASIMACILIK A.S. D/B/A ONUR AIR TURKEY EASA.145.0660 LIMITED LIABILITY COMPANY ''UTG DOMODEDOVO'' T/A UTG AVIATION SERVICES RUSSIA - Status of Approval: Valid (334) EASA.145.0003 GOODRICH AEROSTRUCTURES SERVICE (CENTER-ASIA) PTE Ltd. SINGAPORE EASA.145.0005 CHROMALLOY (THAILAND) LTD. THAILAND EASA.145.0007 ''UZBEKISTAN AIRWAYS TECHNICS'' LIMITED LIABILITY COMPANY UZBEKISTAN EASA.145.0008 KUWAIT AIRWAYS COMPANY KUWAIT EASA.145.0010 ABU DHABI AVIATION UNITED ARAB EMIRATES EASA.145.0012 AEROFLOT RUSSIAN AIRLINES RUSSIA EASA.145.0015 AIR ASTANA JSC KAZAKHSTAN EASA.145.0016 AI ENGINEERING SERVICES LIMITED t/a AIESL INDIA EASA.145.0017 AIR MAURITIUS Ltd. MAURITIUS EASA.145.0018 AIRFOIL SERVICES SDN. BHD. MALAYSIA EASA.145.0019 GE AVIATION, ENGINE SERVICES - SING PTE. LTD. SINGAPORE EASA.145.0020 ALIA - THE ROYAL JORDANIAN AIRLINES PLC CO (ROYAL JORDANIAN) JORDAN EASA.145.0021 AIRCRAFT MAINTENANCE AND ENGINEERING CORPORATION, BEIJING (AMECO) CHINA EASA.145.0022 AMSAFE AVIATION (CHONGQING) Ltd. CHINA EASA.145.0024 ASIA PACIFIC AEROSPACE Pty. Ltd. AUSTRALIA EASA.145.0025 ASIAN COMPRESSOR TECHNOLOGY SERVICES CO. LTD. TAIWAN EASA.145.0026 ASIAN SURFACE TECHNOLOGIES PTE LTD SINGAPORE EASA.145.0027 AEROVIAS DEL CONTINENTE AMERICANO S AVIANCA S.A. COLOMBIA EASA.145.0028 BAHRAIN AIRPORT SERVICES BAHRAIN EASA.145.0029 ISRAEL AEROSPACE INDUSTRIES, Ltd.
    [Show full text]
  • Air Transport in Russia and Its Impact on the Economy
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Tomsk State University Repository Вестник Томского государственного университета. Экономика. 2019. № 48 МИРОВАЯ ЭКОНОМИКА UDC 330.5, 338.4 DOI: 10.17223/19988648/48/20 V.S. Chsherbakov, O.A. Gerasimov AIR TRANSPORT IN RUSSIA AND ITS IMPACT ON THE ECONOMY The study aims to collect and analyse statistics of Russian air transport, show the in- fluence of air transport on the national economy over the period from 2007 to 2016, compare the sector’s role in Russia with the one in other countries. The study reveals the significance of air transport for Russian economy by comparing airlines’ and air- ports’ monetary output to the gross domestic product. On the basis of the research, the policies in the aviation sector can be adjusted by government authorities. Ключевые слова: Russia, aviation, GDP, economic impact, air transport, statistics. Introduction According to Air Transport Action Group, the air transport industry supports 62.7 million jobs globally and aviation’s total global economic impact is $2.7 trillion (approximately 3.5% of the Gross World Product) [1]. Aviation transported 4 billion passengers in 2017, which is more than a half of world population, according to the International Civil Aviation Organization [2]. It makes the industry one of the most important ones in the world. It has a consid- erable effect on national economies by providing a huge number of employment opportunities both directly and indirectly in such spheres as tourism, retail, manufacturing, agriculture, and so on. Air transport is a driving force behind economic connection between different regions because it may entail economic, political, and social effects.
    [Show full text]
  • Dual-Hub Connectivity: a Case Study on China Eastern Airlines in Shanghai Huijuan Yang* and Weiwei Liu
    Yang and Liu European Transport Research Review (2019) 11:25 European Transport https://doi.org/10.1186/s12544-019-0364-6 Research Review ORIGINAL PAPER Open Access Dual-hub connectivity: a case study on China Eastern Airlines in Shanghai Huijuan Yang* and Weiwei Liu Abstract To deal with slot constraints and insufficient capacity, emerging multi-airport systems have been under construction in China. This paper chose China Eastern Airlines as a case study, evaluating its hub connectivity under a dual-hub circumstance in Shanghai. The paper detected that the biggest constraint of China Eastern Airlines’ dual-hub situation lied in Shanghai’s location and the restricted transfer options on international routes. Contributions from alliance partners were assessed and benchmarked with China Eastern Airlines. With China Southern Airlines quit SkyTeam alliance, China Eastern Airlines faced more challenges on the domestic market. The empirical study also pointed out the shortcoming of operating at two hubs in the same catchment area, where the quality of connectivity of inter-hub connections cannot be maintained as high as a single-hub transfer. However, the market potential of inter-hub connections in Shanghai was identified with a considerable amount of viable connections. Keywords: Hub connectivity, Dual-hub operation, China Eastern Airlines 1 Introduction Multi-airport system largely expands the catchment area Airports have experienced pressures on operational cap- and capacity in the region. It provides better accessibility acity and congestion due to the worldwide effects of explo- for passengers, and attracts and generates more traffic for sive passenger growth, particularly in high-growth regions airlines and airports.
    [Show full text]
  • Russia and Saudi Arabia: Old Disenchantments, New Challenges by John W
    STRATEGIC PERSPECTIVES 35 Russia and Saudi Arabia: Old Disenchantments, New Challenges by John W. Parker and Thomas F. Lynch III Center for Strategic Research Institute for National Strategic Studies National Defense University Institute for National Strategic Studies National Defense University The Institute for National Strategic Studies (INSS) is National Defense University’s (NDU’s) dedicated research arm. INSS includes the Center for Strategic Research, Center for the Study of Chinese Military Affairs, and Center for the Study of Weapons of Mass Destruction. The military and civilian analysts and staff who comprise INSS and its subcomponents execute their mission by conducting research and analysis, publishing, and participating in conferences, policy support, and outreach. The mission of INSS is to conduct strategic studies for the Secretary of Defense, Chairman of the Joint Chiefs of Staff, and the unified combatant commands in support of the academic programs at NDU and to perform outreach to other U.S. Government agencies and the broader national security community. Cover: Vladimir Putin presented an artifact made of mammoth tusk to Crown Prince Mohammad bin Salman Al Saud in Riyadh, October 14–15, 2019 (President of Russia Web site) Russia and Saudi Arabia Russia and Saudia Arabia: Old Disenchantments, New Challenges By John W. Parker and Thomas F. Lynch III Institute for National Strategic Studies Strategic Perspectives, No. 35 Series Editor: Denise Natali National Defense University Press Washington, D.C. June 2021 Opinions, conclusions, and recommendations expressed or implied within are solely those of the contributors and do not necessarily represent the views of the Defense Department or any other agency of the Federal Government.
    [Show full text]
  • Asia Onward Flights Table and Booking Guide
    ASIA ONWARD FLIGHTS TABLE AND BOOKING GUIDE Number of onward flights: 39 Airlines: Bangkok Airways, Cathay Pacific, China Eastern Airlines, Dragonair, Malaysia Airlines and Vietnam Airlines. Onward Airline Onward Airline Routing Airline Routing Airline destination code destination code PVG-CSX Lampang BKK-LPT Bangkok Airways PG Changsha China Eastern Airlines MU SHA-CSX Lishe HKG-NGB DragonAir KA Chengdu HKG-CTU DragonAir KA Luang Prabang BKK-LPQ Bangkok Airways PG Chiang Mai BKK-CNX Bangkok Airways PG Manila HKG-MNL Cathay Pacific CX PVG-CKG Nanking HKG-NKG DragonAir KA China Eastern Airlines MU Chongqing SHA-CKG Penang HKG-PEN DragonAir KA HKG-CKG DragonAir KA Phnom Penh BKK-PNH Bangkok Airways PG PVG-FOC Phuket BKK-HKT Bangkok Airways PG China Eastern Airlines MU Fuzhou SHA-FOC Qingdao HKG-TAO DragonAir KA HKG-FOC DragonAir KA HKG-SGN Cathay Pacific CX Guangzhou HKG-CAN DragonAir KA Saigon BKK-SGN Vietnam Airlines VN Hangzhou HKG-HGH DragonAir KA SIN-SGN HKG-HAN DragonAir KA Sanya HKG-SYX DragonAir KA Hanoi BKK-HAN Sukhothai BKK-THS Bangkok Airways PG Vietnam Airlines VN SIN-HAN Trat BKK-TDX Bangkok Airways PG BKK-USM Wuhan HKG-WUH DragonAir KA Koh Samui Bangkok Airways PG SIN-USM Xiamen HKG-XMN DragonAir KA HKG-KUL Cathay Pacific CX Xi’an HKG-XIY DragonAir KA Kuala Lumpur BKK-KUL Malaysia Airlines MH Yangon BKK-RGN Bangkok Airways PG Kunming HKG-KMG DragonAir KA see next page for full booking guide... asia ONWARD FLIGHTS BOOKING GUIDE 2 MULTISECTOR request 1 Login to LIBE and select ‘Multisector Request’ at the bottom of the availability search section.
    [Show full text]
  • Monthly OTP July 2019
    Monthly OTP July 2019 ON-TIME PERFORMANCE AIRLINES Contents On-Time is percentage of flights that depart or arrive within 15 minutes of schedule. Global OTP rankings are only assigned to all Airlines/Airports where OAG has status coverage for at least 80% of the scheduled flights. Regional Airlines Status coverage will only be based on actual gate times rather than estimated times. This July result in some airlines / airports being excluded from this report. If you would like to review your flight status feed with OAG pleas [email protected] MAKE SMARTER MOVES Airline Monthly OTP – July 2019 Page 1 of 1 Home GLOBAL AIRLINES – TOP 50 AND BOTTOM 50 TOP AIRLINE ON-TIME FLIGHTS On-time performance BOTTOM AIRLINE ON-TIME FLIGHTS On-time performance Airline Arrivals Rank No. flights Size Airline Arrivals Rank No. flights Size SATA International-Azores GA Garuda Indonesia 93.9% 1 13,798 52 S4 30.8% 160 833 253 Airlines S.A. XL LATAM Airlines Ecuador 92.0% 2 954 246 ZI Aigle Azur 47.8% 159 1,431 215 HD AirDo 90.2% 3 1,806 200 OA Olympic Air 50.6% 158 7,338 92 3K Jetstar Asia 90.0% 4 2,514 168 JU Air Serbia 51.6% 157 3,302 152 CM Copa Airlines 90.0% 5 10,869 66 SP SATA Air Acores 51.8% 156 1,876 196 7G Star Flyer 89.8% 6 1,987 193 A3 Aegean Airlines 52.1% 155 5,446 114 BC Skymark Airlines 88.9% 7 4,917 122 WG Sunwing Airlines Inc.
    [Show full text]
  • Sky Pearl Club Membership Guide
    SKY PEARL CLUB MEMBERSHIP GUIDE Welcome to China Southern Airlines’ Sky Pearl Club The Sky Pearl Club is the frequent flyer program of China Southern Airlines. From the moment you join The Sky Pearl Club, you will experience a whole new world of exciting new travel opportunities with China Southern! Whether you’re traveling for business or pleasure, you’ll be earning mileage toward your award goals every time you fly. Many Elite tier services have been prepared for you. We trust this Guide will soon help you reach your award flight to your dream destinations. China Southern Sky Pearl Club cares about you! 1 A B Earning CZ mileage Redeeming CZ mileage Airlines China Southern Airlines Award Ticket Hotels China Southern Airlines Award Upgrade Banks Partner Airlines Award Ticket Telecommunications, Car Rentals, Business Travel，Dining and others C D Enjoying Sky Pearl Elite Benefits Getting Acquainted with Sky Pearl Rules Definition Membership tiers Membership Qualification and Mileage Account Elite Qualification Mileage Accrual Elite Benefits Mileage Redemption Little Pearl Benefits Membership tier and Elite benefits 2 Others A Earning CZ mileage Whether it’s in the air or on the ground, The Sky Pearl Club gives you more opportunities than ever before to earn Award travel. When flying with China Southern or one of our many airline partners, you can earn FFP mileage. But, that’s not the only way! Hotels stays, car rentals, credit card services, telecommunication services or dining with our business-to-business partners can also help you earn mileage. 3 Airlines Upon making your reservation and ticket booking, please provide your Sky Pearl Club membership number and make sure that passenger’s name and ID is the same as that of your mileage account.
    [Show full text]