Issue No. 866
Elbers Exits KLM
Pieter Elbers Leaves KLM After 30 Years for the Excitement of IndiGo
Pushing Back: Inside the Issue
Two years ago, industry analysts warned that airlines without domestic markets would be the first in a wave of airline bankruptcies and liquidations — then thought likely — due to the standstill caused by the pandemic. The wave of bankruptcies never really gained the magnitude originally feared, thanks in degrees that varied by region to government support and innovative pivots. And those airlines without domestic markets? Many have thrived, proving the enduring strength of a well-designed hub, according to Pieter Elbers, chief executive of one such airline. Elbers reflected on his 30 years at KLM, the pandemic, and the state of the European airline industry in an interview last week as he prepares to leave for the helm of IndiGo.
Elsewhere in this issue, several U.S. airlines see dollar signs from the combination of reduced capacity and high demand for travel, and are upping their second-quarter guidance. Iberia's CEO explains why the carrier is one of IAG's crown jewels. And our reporter in Kenya examines why Africa's state-owned carriers are holding the continent's aviation market back.
The Airline Weekly Lounge Podcast
Delta now forecasts its summer revenues will outpace 2019, a significant milestone in the U.S. airline industry’s recovery. But all is not golden as costs, particularly fuel, are rising as well. Edward “Ned” Russell and Madhu Unnikrishnan also discuss SAS’ threat of a potential bankruptcy restructuring and Pieter Elbers’ exit from KLM. Listen to this week’s episode to find out. A full archive of the 'Lounge is here.