“Within the Lufthansa Group, Brussels Airlines is a relatively small company, and if there is a strike, the consequences are quickly visible on the results. We also had difficult times with Lufthansa in Germany with long-term strikes but the consequences were less for the simple reason that we were better able to cope with this loss of income in all areas.”
Meanwhile, with the newly appointed CEO Christina Foerster, the integration of Brussels Airlines within Eurowings is in full swing.
Carsten Spohr: “First and foremost: they do not have to be afraid of anything or anybody, let me put it this way: Brussels Airlines is too small to be a success story in itself. The employees at Brussels Airlines should be more supportive of the integration within Eurowings in order to help increase margins and revenues. The Lufthansa Group does not need these synergies, Eurowings does not need them either, Brussels Airlines, on the other hand, needs them to be able to grow further and, like SWISS, get more aircraft and new ones, and add destinations to the network.”
“I was surprised but also disappointed, I thought that Brussels Airlines just wanted to become more profitable in order to get more aircraft and to continue to grow and not the other way around: strikes cost money, a lot of money even with the result that the profit margins go down and the financial result remains below expectations.”
“Brussels Airlines now belongs to the fastest growing airline group in Europe with 210 new aircraft on order. To return to your question where Brussels Airlines will be in 2020, on the short- and medium-haul connections, the company must be more and better integrated within Eurowings and in 2020 there will still be a Belgian element.”
“I see less need for integration for long-haul flights because we believe that Brussels Airlines can become the Eurowings competence centre, but for long-haul flights that growth can be achieved in Düsseldorf, but in Brussels only if the profit margins allow it. But here too: if the intended objectives are not achieved, there will be no additional investments and growth.”
Will the name Brussels Airlines be retained?
“The CEO of Brussels Airlines decides on this. For long-haul flights, a name change seems less necessary: everyone knows Brussels Airlines in Africa, but nobody knows the company in Scandinavia, Madrid or elsewhere in Europe. In the US or Asia, Eurowings should be the sign of our pan-European response to low-cost airlines such as Ryanair and easyJet.”
Do you still feel the hot breath of those two successful prizefighters?
“The developments at Ryanair over the last few months will certainly have an impact on their result, because acknowledging trade unions with everything that comes with it costs a lot of money. I see the yield stagnate or fall. With Eurowings and Lufthansa, we are on schedule.”
“The pilot shortage problem only reaches low-level companies like Ryanair, Wizzair. In companies of higher standing, such as Brussels Airlines or Lufthansa, this does not happen. Everyone wants to work at home and we easily find pilots from other companies.”
Discussion forum: http://www.aviation24.be/forums/viewtopic.php?f=7&t=62807&p=368410#p368406
This post was published on 5 June 2018 12:10
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