Frost & Sullivan: Global Government Reactions to Swine ... (only temporarily as airlines are a commo...)

Frost & Sullivan: Global Government Reactions to Swine Flu Is Key

Date:4/28/2009

only temporarily as airlines are a commodity service now - everyone needs to fly. However, the frequency of flying will drop for a while until the dust clears. The economic slowdown affects the business class segment the most and this will be exacerbated by the impact from the swine flu outbreak. The economy class segment will see a slight drop," says Haris.

Haris continues, "Low cost carriers will gain benefits as customers who still have to travel are still hesitant to spend more than necessary. Also, airlines that do no fly to North America will not be affected much. Asian, European, Middle East and African airlines will not be as badly affected as their counterparts in North America."

Yeo observes, "There are very strong fundamentals within Asia Pacific region, especially with the emergence of China to drive the growth of the airliners in the region in the future. We will see decline in passenger demand during these periods of crisis - credit and epidemics."

"However, Asia Pacific Airliners are better prepared to handle the epidemic crisis than before. If Asia Pacific successfully shields itself from the impact of the swine flu, there will still be adequate business activities within the region to cushion the negative effect of the swine flu and support the sustainability of the regional airliners businesses. Once the crisis stabilizes, Asia Pacific airliners will be the first to pick up," says Yeo.

Malaysian low cost carrier Air Asia has stated that it does not expect its operations to be affected by the outbreak of swine flu and will continue to grow with expansion plans on track.

"Airlines may be able to pick up again from the end of this year or in 2010 once the economy shows concrete signals of going upwards. Airlines manufacturing is already showing improvements due to confirmed future orders. Oil prices, though volatile, has been lingering around the USD50/barrel and C
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Frost & Sullivan: Global Government Reactions to Swine ...(only temporarily as airlines are a commo...),Health