ATWOnline

ATW's 2011 Regional Airline of the Year - Air Nostrum - video

RSS

Problems viewing videos?
Download latest Flash Player

View the 2011 Award Presentation above

Air Nostrum - Regional Airline of the Year 2011

In the middle of difficulty lies opportunity,” Albert Einstein said. This is exactly the approach ATW’s Regional Airline of the Year for 2011 adopted when the Spanish economy slid into a stinging recession at the end of 2008 and passenger numbers at Spain’s airports did the same. The unemployment rate in Europe’s fifth-largest economy reached almost 20% in 2009 and the GDP contracted 3.6% in the wake of the global financial crisis. In addition to this challenging environment, LCCs significantly increased their presence in the country. The combination led to an unprecedented drop in yields and pushed Air Nostrum into its first red ink in more than a decade.

More

Please or Register to post comments.

Blogs & Commentary
Apr 20, 2018
blog

Unions imperil Air France's future

Air France unions must realize the damage they are doing to their company, which declared the cost of their strikes through mid-April was €220 million ($272 million). But do they understand how much they are jeopardizing their own futures and those of the other non-striking employees who make up the majority of Air France’s workforce?...More
Apr 18, 2018
blog

Southwest’s ‘LUV’ heart beats through tragedy

It’s not something that any airline wants to be in a position to “get right,” but what Gary Kelly and his team at Southwest Airlines have demonstrated is the textbook way to respond to a disaster....More
Apr 5, 2018
blog

Southwest builds its own kind of international network

Cutting out three hours of travel and eliminating a connection is a real selling point....More
ATW On-Location

Click here to read event news from ATW On-Location

Stay Connected to Related News from ATW

Sponsored Introduction Continue on to (or wait seconds) ×