GLG Network Survey: European Airline Executives II

SURVEY DETAILS

TARGET POPULATION

The GLG Surveys team interviewed 50 European Airline Executives across Europe.

What will you learn from this survey?

• This survey revisited topics explored in the first wave of the European Airline Executives, providing a wave-by-wave outlook on the industry.
• The research gathered insights into airlines’ expectations of passenger travel volumes, price trends and possible incentives to encourage travel over the coming months.
• It also investigated changes to competitive dynamics over the coming year as airline operators plan for recovery from the impact of COVID-19.

Examples of findings:

• In February 2021, 82% of the respondents mentioned that the air travel passenger numbers will return to pre-COVID levels in 2023 or later, compared to only 30% reported 6 months ago.
• 72% of the expert base think that low-cost airlines will recover most quickly compared to 42% reported in the initial survey conducted in August 2020.
• 50% of the sample stated that the airline’s capital expenditure over the next 6 months will decrease significantly, up from 20% reported in August 2020.

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Martin Lynch, former Head of Commercial Finance at EasyJet.

The standard deliverable includes:

• 1 x Individual responses (“raw data”), in Excel.
• 1 x PPT report with aggregated data.
• In-depth PowerPoint report of survey findings presented by the Network Member via webcast (optional).

SAMPLE QUESTIONS

• Over the next 6 months, how likely do you think passengers will respond positively to incentives offered by airlines to encourage passengers to resume travel (e.g., price reductions, loyalty points, bonus miles)?
• How likely will the vaccine roll out across Europe enable the market to start recovery in H2 2021?
• What do you think will happen to ticket fare prices over the next 3 to 6 months?
• How likely will the business travel be affected long term with remote virtual meetings reducing the requirement to travel?
• How will the liquidity and financial performance of airlines affect the amount of aircraft leasing over the next 6-12 months?
• In your view, which airlines are best positioned for recovery?
• In Europe, thinking about the summer of 2021 (Q2&Q3), what is the anticipated percentage increase in seats compared to same period in 2020?
• Which part of the supply chain to an airline is most vulnerable to financial difficulties as a result of COVID-19?
• How likely will airlines start and add new routes in 2021 to serve pent up demand for leisure travel?

ACCESS

This survey is available to subscribers of the Energy & Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

Request other available and upcoming Network Surveys within the sector:

Energy & Industrials (EI)

• Mining Equipment II New!
  • Second wave to follow the initial survey conducted in May 2020. 50 current mining equipment customers at mining majors, predominantly in North America, South America, and Australia provided their views on equipment OEMs and how they compare across different equipment verticals.
  • Questionnaire was drafted by Arrien Westhuis, former Director of Global Business Development at FLSmidth.​

• Aircraft Leasing Executives + Airline Leads II + Event New! ​
  • Second wave to follow the initial survey conducted in September 2020. 70 current executives at commercial aircraft leasing companies globally, discussed about the levels of discounting their airlines customers are asking for.
  • Questionnaire was drafted by Dick Forsberg, former Head of Strategy at Avolon Holdings until March of 2019.

• Airport Ground Handling II + Event New!
  • Second wave to follow the initial survey conducted in June 2020. 50 current executives at ground handling operators, airlines and airport operators in the USA, UK, France and Germany, discussed about the latest trends in the market and the impact of Covid-19.
  • Questionnaire was drafted by Richard van Bruygom, former Head of Strategy, EAS at Etihad Airways, former CEO, Americas at WFS and former President at Swissport.

• European Packaging
  • 50 buyers of paper and packaging solutions provided insight into their current packaging needs, trends in the market and future outlook. Specifically, they discussed the shift away from plastics and drivers of this behaviour, likely beneficiaries of this shift (opportunities for alternative types of packaging materials), rate of packaging change in terms of formats / print / SKUs and impact of Covid-19 on different types of fibre- based packaging (on costs / purchasing / supply / pricing mechanisms etc.).
  • Questionnaire was drafted by Chris Brereton, an advisor on the European Paper and Packaging Industry and former COO of Group Business/Operational Strategy at DS Smith Plc.

• Rolls-Royce Customers
  • 50 buyers of Rolls-Royce engines from aeronautics and defence space discussed about the key trends within the industry and impacts of past economic downturns, outlook on the sector, including underlying risks and opportunities.
  • Questionnaire was drafted by Chris Weir, former Engineering and Technology Executive and Strategy and Business Development Vice Present at Rolls-Royce.

• Battery Innovation
  • 70 executives across the US and Europe working for an automotive OEM, consumer electronics, grid storage firm (utilities, independent power producers, developers, system integrators), telecom, datacentre, high volume battery manufacturing firm to comment on the latest innovations of lithium-ion batteries and how it is used by different verticals.
  • Questionnaire was drafted by Brian Dillard, former Vice President at Primus Power.

• Elevator Market
  • 50 experts in the elevator industry across the US and Europe shared current trends and their projections for market recovery after Covid-19 and its impact on both new installations and repairs.
  • Questionnaire was drafted by Robert Williams, owner of Legacy Elevator Advisors LLC.​

• European Refineries
  • 50 high level decision makers at European refineries commented on the future of the industry. The survey investigated the impact that Covid-19 has had on the industry and whether it is expected to bounce back.
  • Questionnaire was drafted by Richard Fullarton, Former Senior Lead at Royal Dutch Shell, and Founder of Matilda Capital Management.​

• Biofuels
  • 75 executives across the globe (focus on the US) procuring feedstock to produce biodiesel, renewable diesel (HVO) and co-processed renewable diesel (HVO) discussed about the company technology, impact of Low Carbon Fuel Standard (LCFS) policy, current trends and future industry outlook.
  • Questionnaire was drafted by David Elsenblast, current President of AgribioConsulting and former VP International Feedstock Development at Renewable Energy Group.

• Hydrogen + Event
  • 40 users of hydrogen in the energy and industrials industry, as well as manufacturing and construction, discussed about the use of hydrogen and how it can also be used as fuel replacement for green initiatives.
  • Questionnaire was drafted by Brendan Bilton, former Managing Director at Acal Energy.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription.

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG capture in the Network Survey.