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
Sep 21, 2017
blog

FedEx’s Fred Smith puts e-commerce in perspective

The notion that there is an inexorable march toward e-commerce dominating retail is not borne out by analysis, Smith says....More
Sep 20, 2017
blog

Airline & aviation workers’ heroic acts in disaster-hit regions

Harvey, Katia, Irma, Jose, Maria: a terrible family of destruction. And the brutal 2017 Atlantic hurricane season still has weeks to run and could potentially add more names to fear. I’d like to recognize here the ongoing dedication by the people of the commercial aviation industry who continue to support relief and aid efforts across all the regions affected....More
Sep 19, 2017
blog

O’Leary’s Mea Culpa

Who thought we’d ever see the day that Michael O’Leary said sorry?...More
ATW On-Location

Click here to read event news from ATW On-Location

Stay Connected to Related News from ATW