Foreign flight supply outpacing demand in Canada, Lufthansa chief says
Foreign airlines’ growing appetite to serve Canada is squeezing industry profitability as supply outstrips demand, says the sales chief of Lufthansa. “Overcapacity is playing a huge role when it comes to the market environment here in Canada,” Jens Bischof, executive VP of sales and CCO at Lufthansa, said Tuesday. “We’ll all take a hit from this.” Several airlines are adding significant capacity in the Canadian market, he said. That includes giants Air France-KLM as well as smaller players like Royal Air Maroc, Iceland’s Wow Air and Turkish Airlines, which is expanding into Montreal with bigger planes. Air Canada has also been boosting flights around the world, while WestJet Airlines is making a big push into London. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2016-06-22/general/foreign-flight-supply-outpacing-demand-in-canada-lufthansa-chief-says
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Foreign flight supply outpacing demand in Canada, Lufthansa chief says
Foreign airlines’ growing appetite to serve Canada is squeezing industry profitability as supply outstrips demand, says the sales chief of Lufthansa. “Overcapacity is playing a huge role when it comes to the market environment here in Canada,” Jens Bischof, executive VP of sales and CCO at Lufthansa, said Tuesday. “We’ll all take a hit from this.” Several airlines are adding significant capacity in the Canadian market, he said. That includes giants Air France-KLM as well as smaller players like Royal Air Maroc, Iceland’s Wow Air and Turkish Airlines, which is expanding into Montreal with bigger planes. Air Canada has also been boosting flights around the world, while WestJet Airlines is making a big push into London. <br/>
