Aviation Week ranks industry high-fliers

Singapore
Airlines, Lufthanza and Malaysia Airlines have topped international magazine
Aviation Week’s Top-Performing
Companies (TPC) study.

The annual
review of the global airline industry ranked the three carriers as the leading
three mainline carriers for 2009 with Air Arabia ranking number one in the
low-cost/niche carrier category.

“The
recession has grabbed hold of the airline industry, and survival is still the
name of the game,” says Aviation Week and
Space Technology
editor-in-chief Anthony L. Velocci, Jr. “This year’s
Top-Performing Companies review of airlines places liquidity and financial
health as the top indicators for weathering further volatility in the economy
and rising fuel prices. We are seeing sharp drops in scores across the board, in
all regions, but with the TPC rankings, we can identify those airlines that are
doing things right.”

Malaysia
Airlines has announced a quarterly net profit of RM876m (Approx £152m) in its
second quarter. The airline attributes the highest-ever record in profit to a
boost of 10 per cent in domestic load factor and an 11 per cent increase
internationally.

Malaysia
Airlines’ regional manager for UK and Ireland Syed Abdillah Aziz
says: “Malaysia Airlines will continue to move onwards and upwards; we have
already increased capacity for the domestic sector by six per cent and in 2010, will take
delivery of a new B737-800.”

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

Up Next

Related Posts

banner