Exclusive outtakes from industry leaders
There must be something about Wyoming at this time of year.
Several participants at the Reuters Aerospace and Defense Summit held in Washington this week said they were heading out West — but declined to say what was taking them so far from hard-nosed airline investors and Pentagon accountants.
But the aviation head honchos tend to shy away from talking about it.
“I like Wyoming very much in the beginning of fall — a beautiful area,” was all we could get from one multinational corporation chief.
“It’s a meeting,” growled the head of a top engine maker.
To explain the rush, industry officials familiar with the matter suggested the curious should look no further than a venerable club known as the “Conquistadores del Cielo.”
Each year, according to people who have attended the event in the past, the ‘conquerors of the skies’ temporarily set aside their differences in one of the world’s most cut-throat industries and head to the Cowboy State for informal bonding.
Are flying coach and staying at budget hotels the “new normal” for businesspeople who travel for work? If so, what does it mean for airlines, hotels and casinos still trying to recover from the economic downturn? Chris Woronka, Senior Gaming, Lodging and Leisure Analyst at Deutsche Bank Securities shares his thoughts with us on what’s in store for the Travel and Leisure Industry in 2010. Will the industry once again be flying high? Or, will the prospects for a better year ahead get grounded?
The state of the airline industry and travel overall is not poised for a rapid takeoff in 2009 and looks like it will remain in rough shape until next year, said Pierre-Henri Gourgeon, chief executive of Air France-KLM, on Monday at the Reuters Travel and Leisure Summit.
The head of Europe’s largest airline, who became CEO in January, said he was unsure when things would turn around, but warned that both passenger and cargo metrics were down for the airline.