Picture: 123RF/KASTO
Travel-pass promotions from carriers such as China Eastern Airlines, which is offering unlimited flights for a single price, have proved popular, while online agents show ultra-cheap trips in China for the Lunar New Year holiday in February. The key question is how long it’ll take to wean customers off those incentives.
However, natural consolidators such as Lufthansa that accepted bailouts may be prevented from making purchases under terms of state aid packages. In India, Tata Sons bought out struggling partner AirAsia Group’s stake in a local joint venture. State-owned Air India is another potential target, possibly through Vistara, Tata’s venture with Singapore Airlines. Air India’s buyer would “definitely need to make it a lot leaner,” Bloomberg Intelligence analyst James Teo says.
Analysts see more production-rate cuts ahead for the better-selling Boeing 787 — which is also beset by production snafus — and the Airbus A350. Output of the less-popular A330 could go down to one a month, according to Agency Partners analyst Sash Tusa.
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