TITLE

Scheduled Airlines: Facing A New World Order

PUB. DATE
June 2002
SOURCE
Logistics & Transport Focus;Jun2002, Vol. 4 Issue 5, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the 2002 Pegasus Lecture, which is sponsored by the Institute of Logistics and Transport, that was delivered by Robert Webb, general counsel to the British Airways Plc, at the Manchester Airport. He cited four events that shaped the future of aviation and particularly that of the British Airways. The first was the simultaneous global recession. This had a massive effect on all airlines. Normally, when there is recession in one part of the world other parts will be unaffected, or at least will suffer at different times. This makes it easier for airlines to survive as they can concentrate on different areas and effectively trade out of recession. The Concorde crash hot one of the British Airways' biggest profit earners. Thankfully, the investigations have enabled measures to be taken so as to ensure that such an event cannot reoccur. The foot and mouth crisis led to a massive slump in visitors to Great Britain. The terrorist attacks of September 11, 2001, effectively shut down the aviation industry for days. The culmination of all of these events meant that some hard decisions had to be taken in order to ensure the survival of the British Airways.
ACCESSION #
11646652

 

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