Posts by author

Miguel Praga

2419 posts
Ver Publicación
  • 2 min

Air Europa: entrada y pago a plazos

✈ Air Europa completed a capital increase three months ago to fulfill its financial commitments by the end of 2024. The company is now selling a portion of its capital to prepare for the repayment of a €620 million debt, resulting from COVID-19 aid, due in 2026 and 2028. The Hidalgo family, managing Air Europa, is seeking investors interested in a potential buyout, while IAG, a current stakeholder, is unlikely to remain passive amidst these developments. Please note that the original article provided does not include specific dates or locations beyond the years mentioned, and it mostly discusses the financial strategies and potential investor interests in Air Europa. The summary focuses on the clear facts presented regarding the company's financial actions and the ongoing search for investment or buyout.
Ver Publicación
Share
Ver Publicación
  • 1 min

American cae un 7,5 % tras unos resultados económicos nefastos

💸 American Airlines experienced a 7.5% drop in stock value after announcing poor financial results, underperforming compared to competitors United and Delta. The airline forecasts a loss of up to $0.40 per share in the first quarter, with potential additional losses if fuel prices rise. The primary reasons for losses include salary agreements and reduced supply. Contrary to competitors, American's strategy to bypass agencies for direct customer sales has led to client and revenue loss. Despite skepticism from the market, CEO Robert Isom remains optimistic about a turnaround by 2025.
Ver Publicación
Share
Ver Publicación
  • 1 min

Ámsterdam, la ciudad más antiturismo, aumenta visitantes

🏖 Ámsterdam, with 23 million annual visitors, faces local animosity towards tourism, despite various anti-tourism campaigns and measures like regulating sex establishments, discouraging young British tourists, and enforcing strict vacation rental laws. The city aims to reduce visitor numbers to 20 million. A recent protest occurred a month ago against the new Diamond hotel in Leidseplein Square, rallying under the slogan "Enough is enough." Housing prices in the city have also skyrocketed due to high demand.
Ver Publicación
Share
Ver Publicación
  • 1 min

Ahora British Airways no apoya ampliar Heathrow

🛫 Luis Gallego, IAG president, stated opposition to expanding London Heathrow Airport, Europe's most congested, on the grounds of high fees and taxes. British Airways, based at Heathrow, has long sought expansion due to congestion. Recent Labour Party support for expansion has not swayed Gallego, who criticizes the current high-cost model that impacts travelers without enhancing experience.
Ver Publicación
Share
Ver Publicación
  • 1 min

Nuño de la Rosa a ‘Preferente’: “Hay 4 o 5 compañías que quieren entrar en Air Europa”

✈ Jesus Nuño de la Rosa, CEO of Air Europa, reveals the airline plans a capital increase with up to 20% new shares, aiming to close before summer. Conversations include "four or five airlines." Air Europa contracted PJT Partners for the capital increase, estimated at €240 million. Air France-KLM, Lufthansa, Etihad, and Delta Airlines are top contenders. Afterward, they seek €235 million from banks to repay early a €475 million state bailout.
Ver Publicación
Share
Ver Publicación
  • 1 min

Easyjet reduce las pérdidas del invierno en un 52%

✈️ Easyjet reported results for the final three months of 2024, reducing losses by 52% to £61 million. Ticket revenue increased by 13%, with 21.2 million customers flown. Easyjet Holidays earned £43 million, a £12 million increase from the previous year. The decline in fuel prices positively impacted airlines. Easyjet benefits from reliable Airbus deliveries and CFM engines, unlike its competitors Ryanair and Wizz Air who face issues with Boeing and Pratt & Whitney engines, respectively.
Ver Publicación
Share
Ver Publicación
  • 1 min

Iberia acude a Privilege para salvar la operativa en Venezuela

🛫 Iberia contracted Privilege to cover the Madrid-Caracas route from January 15 to February 15 due to aircraft shortages. Privilege will provide an Airbus A330 with 275 seats (20 business, 255 economy). The partnership follows Iberia's previous arrangements with Wamos Air and Iberojet in late 2024 for the Madrid-Santo Domingo route. This move is similar to Air Europa, which faced fleet shortages in 2024 due to Rolls-Royce engine supply issues, leading to agreements with Iberojet, Wamos Air, Plus Ultra, and Privilege for various destinations.
Ver Publicación
Share
Ver Publicación
  • 2 min

Escarrer (Meliá): “Me preocupa la cifra de 94 millones de turistas”

🏨 Gabriel Escarrer, Meliá's CEO, raised concerns about Spain's 94 million foreign tourists in the past year and politicians' targets of 100 million. He noted a positive 10% increase in visitors with a 16% higher spend per tourist. Escarrer suggested focusing on quality tourism and extending seasonal operations in places like Menorca or Mallorca, currently 7-8 months, to 10-11 months. Contrarily, Industry and Tourism Minister Jordi Hereu praised the record tourism figures for 2024. Escarrer also criticized platforms like Airbnb for listing over 90% unlicensed apartments in Madrid due to insufficient inspectors.
Ver Publicación
Share
Ver Publicación
  • 1 min

Ávoris: plan para captar agencias e impulsar sus turoperadores

🏖 Ávoris, led by Juan Carlos González, aims to integrate 800 offices from Dit Gestión, pending approval from CNMC. Geomoon, under Ávoris, offers 'zero fee' to new agencies selling over €50,000 annually from Ávoris tour operators. Geomoon, with around 500 points of sale, promises to refund monthly fees of €50 if targets are met. Ávoris acquired Gea in July 2023, now has a total of approx. 1,200 agencies including Halcón Viajes, B travel, Viajes Ecuador, BCD Travel, and RACC Travel. Geomoon was launched in 2016 by the Hidalgos and acquired by Barceló in 2022.
Ver Publicación
Share