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CTC Shanghai Corporate Travel Summit

Upcoming Event

26
Oct
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Shanghai: CTC Shanghai Corporate Travel Summit

The China market continues to be an important indicator of growth for the industry, and this will be a key discussion point for the Summit. We’ll also explore all aspects of the corporate travel ecosystem as part of our “Corporate Branches” format.

CAPA Asia Aviation Summit & Sustainability Awards

Upcoming Event

2-3
Nov
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Kuala Lumpur: CAPA Asia Aviation Summit & Sustainability Awards

The CAPA Asia Aviation Summit is part of CAPA's regional summit series and is highly regarded as an industry benchmark event across Asia offering valuable networking opportunities and unique insights.

Moderator: Brisbane Airport, Executive General Manager Communications and Public Affairs, Rachel Crowley

Panel

  • Brisbane City Council, Lord Mayor of Brisbane, Adrian Schrinner
  • Queensland Government, Deputy Premier, Minister for State Development, Infrastructure, Local Government & Planning, Hon Steven Miles MP

Latest News Headlines

225 news items were published to CAPA Members in the past two days. What could you be missing?
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Qantas Group chairman Richard Goyder stated (20-Sep-2023) the board will reduce short term incentives for senior executives by 20% for FY2023, in recognition of the "customer and brand impact of cumulative events". After applying the 20% reduction, the board will withhold the balance of the FY2023 short term incentive for senior executives as part of further "clawback provisions". Mr Goyder said in regards to former CEO Alan Joyce's remuneration for FY2023, in addition to AUD2.2 million (USD1.42 million) in short term bonuses that have been withheld, a further AUD8.3 million (USD5.35 million) of a total adjusted AUD21.4 million (USD13.80 million) is subject to clawback should the board determine that necessary. Mr Goyder added: "The board has significantly increased the weighting on customer outcomes for remuneration in FY2024 and introduced it as a metric on future long term incentives". Mr Goyder said the scorecard that determines short term incentive payments has a number of financial and non-financial measures, including safety, customer satisfaction and emissions reduction. He noted: "While customer satisfaction levels improved during the year, they are well below where they should be. As a result, this part of the scorecard was judged at zero out of a possible 20% and this had a corresponding impact on senior executive pay". [more - original PR]

Sydney Kingsford Smith Airport reported (21-Sep-2023) it handled 3.3 million passengers in Aug-2023, an increase of 22% year-on-year and a decline of 11.4% compared to Aug-2019 pre-pandemic levels. The airport reported Aug-2023 was the second consecutive month in which international recovery (89.7%) exceeded domestic recovery (88%). For the first month since the reopening of the international border, US traffic exceeded pre-pandemic figures, with a 1% increase compared to Aug-2019. Airport CEO Geoff Culbert stated: "Recent boosts to capacity from some of our international airlines has led to a surge in overseas visitors, especially from countries like South Korea, the Philippines and Vietnam, where the numbers are now higher than in 2019... The domestic recovery continues to underwhelm". [more - original PR]

Qantas Group chairman Richard Goyder stated (20-Sep-2023) "As we move through our recovery, management and the board are acutely aware of the need to rebuild your confidence in Qantas". Mr Goyder said: "We're also conscious of the loss of trust that has occurred because our service has often fallen short of expectations, compounded by a number of other issues relating to the pandemic period". He added the company's board and management are undergoing a "significant period of renewal". [more - original PR]

Qantas Group announced (20-Sep-2023) it retains "significant flexibility" in its fleet to respond to changes in market conditions through fleet redeployment, refurbishment, lease extension or return and retirement. During FY2023, Qantas International took delivery of two Boeing 787-9 aircraft and QantasLink activated six additional wet lease Embraer E190s from Alliance Airlines. An additional two A320-200 aircraft were transferred from Jetstar Airways to QantasLink to support the growing resource market and one A320-200 was returned to the lessor. Nine next-generation A321LRs were also received in the Jetstar Group and one Boeing 737-300F was retired from freight operations. At 30-Jun-2023, the Qantas Group fleet totalled 336 aircraft. [more - original PR]

German Aerospace Centre (DLR), via its KuuL (Climate-friendly ultra-efficient long-haul flight) study, reported (20-Sep-2023) long haul flights account for around 10% of passengers annually but generate approximately 40% of the air transport's carbon dioxide emissions, due to the long distances and flight times involved. DLR found small changes in flight altitude and airspeed, together with the choice of energy source, can significantly reduce their climate impact. In addition, aircraft specially designed for flight at different altitudes will also make a "decisive contribution to climate compatibility on long haul routes". Highlights include:

  • Switching from kerosene to sustainable aviation fuels (SAFs) reduces the climate impact by approximately 25%, without the need for new aircraft, while the actual climate impact of carbon dioxide emissions can be reduced by 100% if the SAFs are produced using a carbon-dioxide-neutral process;
  • Use of SAFs can also reduce the impact of non-carbon dioxide effects, with condensation trails and the resulting contrail cirrus the most significant factors;
  • If in addition to a change of fuel, the maximum flight altitude is reduced by 2000 metres, a reduction in the climate impact of up to 70% can be achieved. However, at this altitude, the aircraft design must also be modified due to the higher air density, and, in particular, the sweep angle of the wings must be reduced. The flight speed would also have to be reduced by up to 15% to remain energy efficient;
  • Hydrogen powered long haul aircraft could be a long term prospect alongside SAFs.

DLR institute of aerodynamics and flow technology project leader Martin Hepperle commented: "In the long term, a compromise must be found here between energy demand, cost effectiveness and climate impact". [more - original PR]

OAG reported (19-Sep-2023) the following highlights from its 2023 'Megahubs' report, ranking the most internationally connected airports:

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