Tango-Bravo
Topic Author
Posts: 2887
Joined: Sun Jun 17, 2001 1:04 am

Mexico's "Big Two?"

Fri Jan 17, 2003 11:43 am

How are Mexico's "Big Two," Aeromexico and Mexicana doing in terms of profit/loss and service quality? Seems like both have become well-managed carriers since their privitization and have seen improved results in all areas since they began operating as one airline in many respects -- while maintaining their separate identities to the point of memberships in rival alliances.
 
ghost77
Posts: 4458
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexico's "Big Two?"

Sat Jan 18, 2003 6:03 am

For stats, I recommend you to visit http://www.cintra.com.mx .

I think everything was OK before 9-11, since then as all airlines they have suffered terrible lost, probably in 2004 they are going to start winning again and ready to hit back the road.. of course, all this going to be possible if there is no war between US and Iraq.

And about CINTRA holding it is necessary to split both airlines ASAP.

ghost77  Smile

Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
 
elwood64151
Posts: 2410
Joined: Fri Feb 08, 2002 10:22 am

RE: Mexico's "Big Two?"

Sat Jan 18, 2003 8:01 am

Ghost77:

The reason there is so much uncertainty in the airline industry is that people are afraid that most terrorists will attack. Once Iraq is dealt with and that situation is taken care of and over, I think we'll see a return to the airlines, and an economic up-turn. Capital markets simply don't like uncertainty.

Oh, and it's not a war between US and Iraq, but rather a war between the UN and Iraq. Remember that Resolution 1441, which lead to the current weapons inspection teams, was signed by every nation in the UN Security Council.

Overall, however, it's going to take another year or two for stability to return to the industry (and the world economy) as a whole.
Those who fail to learn history are doomed to repeat it in summer school.
 
ghost77
Posts: 4458
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexico's "Big Two?"

Sat Jan 18, 2003 9:23 am

Elwood64151,

Yeap, definetly people is afraid to fly, also it's a fact that Mexico's economy depends on the US economy recover. Also I agree with you and I am in favor of the "war" from UN against Iraq, also after that, I know there's going to be a vast grow in the US market so consequently Mexico's economy will also get a recover from this.

Sorry for my statement of the US vs. Iraq... Also you are right about the current airline industry, at least is going to take from one to two yrs... but my point is that if there's a war with Iraq, at least here in Mexico it's going to take a bit longer.. from two to four years for a complete recover.

Hope everything goes better to all big airline's.

ghost77  Smile

Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!

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