Discover how P&C Global is helping major airlines navigate unprecedented industry challenges, from staff shortages to geopolitical risks. Learn about our innovative solutions that have led to significant operational improvements and cost reductions.
At A Glance
Reduction in Operational Disruptions
Reduction in Operational Costs
Improvement in Fuel Efficency
In the high-stakes world of global aviation, the turbulence of 2022 has given way to a storm of challenges in 2023.
The industry, once poised for a summer rebound, now finds itself navigating a complex web of issues that extend far beyond flight delays, cancellations, and lost baggage.
At the heart of the storm is a significant shortage of airline staff, leading to longer airport check-in times and subsequent flight delays. However, the turbulence doesn’t stop there. From internal airline issues and national aviation system glitches to inflationary pressures, infrastructure challenges, and supply chain disruptions, the industry is facing a perfect storm.
Take, for instance, two of our global airline clients, both with revenues exceeding $10 billion. Client A (anonymized to protect client confidentiality), a major player in the Asia-Pacific region, was grappling with the impact of geopolitical risks following the Russian invasion. Meanwhile, Client B, a leading airline in North America, was struggling with interest rate volatility and rising oil costs.
At P&C Global, we rolled up our sleeves and got to work.
For Client A, we developed a comprehensive risk management strategy that mitigated the impact of geopolitical risks on their operations. The result? A 15% reduction in operational disruptions and a significant boost in investor confidence.
For Client B, we implemented a multi-pronged approach that included hedging strategies to manage interest rate volatility and a fuel efficiency program to combat the rising oil costs. The outcome was impressive — a 20% improvement in fuel efficiency and a 10% reduction in operating costs.
But the challenges don’t stop there. The industry is also grappling with environmental concerns, production delays from aircraft manufacturers, and the ongoing impact of the COVID-19 pandemic.
Despite these challenges, there are reasons for optimism. Toronto Pearson International Airport, for instance, managed to reduce its late departure rate from a high of 52.9% to 40% in just six months. Newark Liberty International Airport reduced its flight cancellation rate from 7.8% to 5%.
At P&C Global, we believe in the resilience of the aviation industry. These challenges in the aviation sector call for innovative and effective solutions.
We invite you to read the full article for an in-depth understanding of the current state of air travel. Let’s collaborate to steer through these turbulent times and build a more resilient and efficient aviation industry.