Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The situation is slowly strengthening flying hours commercial are increasing by around 2000 week on week currently https://www.flightradar24.com/data/statistics and this progression should accelerate with announcements made by airlines to resume. Of course there are the risk of second spikes and some countries locking borders and quarantine policy etc. Testing and herd immunity is building at pace, vacines are pushing on and improved protocols adopted by society including airports, planes. It is a forever evolving situation but obvious is the direction of air travel and flying hours from now is up. RR have £ 7.1bn solvency and being well managed by Mr East regarding cost savings. Even if they were to run out of money which I don't personally see happening the banks would happily lend more to an industry that is on an upward trajectory
The flights graph curve should accelerate a bit now too from all the news about airlines trying to resume their business towards end of May, June and some holiday destinations / companies resuming July.
Flying hours should be back up to around 50% previous levels by June IMO currently at 25-30% but increasing daily https://www.flightradar24.com/data/statistics
These too ??
https://www.airlive.net/lufthansa-group-to-reactivate-80-aircraft-from-june/
Progress.
https://www.airlive.net/qatar-airways-to-resume-52-destinations-by-end-of-may-and-80-in-june/
Woolworth. Agree they have to draw a line somewhere or too much damage ensues. We seem to be moving in the direction of business as usual but with precautionary methods and procedures being adopted. I've always said from the start the people with underlying health issues and elderly should be in lock down and the healthy in society carry on with measures in place. It's OK focusing on one issue that of health risk but it can create many other problems which ultimately can affect lives also.
Shazabo. Yes Comercial flights up by 3.6% rise in the last week 7 day moving average :https://www.flightradar24.com/data/statistics
This progress should accelerate too I would think. The same flight hours won't be the same for a long time but all pointing in the right direction
Wbernard. Overall revenue for the whole group is 16bn so simply put even if it is talking about the largest figure they use anywhere in the accounting ( group revenue ) and it is altered negatively by 10% then that would only be 1.6bn. So if they talking profit then this figure would obviously be much smaller. Don't over think it maybe?
Wbernard. That 2.5bn figure won't represent exchange rate headwind individually. I remember in 2015 they indicated £350m headwind for exchange rate deficiency to the US Dollar so yes I'm sure its nowhere near that. Good luck
Total flying hours have increased by 8% over the last week from the bottom of the curve. Hopefully will continue to tick up now, fingers crossed
https://www.flightradar24.com/data/statistics
A bit of good news, cargo flying hours not affected, even passenger planes being used too now for cargo. https://www.ainonline.com/aviation-news/air-transport/2020-04-15/passenger-airplanes-serve-vital-cargo-links-during-pandemic