Singapore Airlines

• NEW YORK, May 11, 2023 /PRNewswire/ -- Insider, a single platform for building individualized, cross-channel experiences, today announced that Steve Cakebread joins the company's advisory board.
• Cakebread is best known for his role in leading the financial teams that took Salesforce, Pandora, and Yext to IPO.
• In 2020, Steve authored The IPO Playbook: An Insider's Perspective on Taking Your Company Public and How to Do It Right .
• "I am delighted to welcome Steve Cakebread to Insider's advisory board," said Hande Cilingir, Co-Founder and CEO at Insider.

• The silver lining for Qantas has been that high demand for air travel has enabled it to charge higher airfares.
• It even managed to report a A$1.43 billion profit in the second half of 2022.

High demand, but not enough planes or staff

• First is the time and effort to return to service the aircraft stored during the pandemic, parked at regional inland airports and plane storage sites.
• Qantas put about 100 of its 126 planes into storage, retired six ageing Boeing 747s and deferred delivery of new Airbus A321neo and Boeing 787-9 planes.
• Never in the history of civil aviation have airlines had to store so many aircraft.
• And the pilots, flight attendants and mechanics that are being re-employed all require refresher training before being cleared to work.

Competing for customers

• Competition for customers will be a relatively minor concern as Qantas struggles to catch up to demand.
• But this won’t last as airlines rebuild fleet capability, and current high prices for air travel decline.
• In the US market, for instance, airfares returned to their pre-pandemic levels (in inflation-adjusted terms) at the end of 2022.

New challenges for an ageing fleet

• This will be harder for Qantas than competitors, due to airline’s extensive network of medium and long-haul flights (which use more fuel) and ageing, less fuel-efficient fleet.
• The average age of the Qantas fleet is just over 15 years, more than double that of rivals such as Singapore Airlines.

• From the new brand launch in January and the structuring of the GO7 leadership team to the expansion of client relationships with regional and global airlines, GO7 has embarked on its inaugural year with significant growth and industry-wide impact.
• "GO7 was built to move fast and innovate with agility, and that's exactly what we've done in the first quarter of this year," says Meir Hadassi Turner, CEO of GO7.
• In January, the former 777 Travel officially became GO7, a brand dedicated to re-architecting traditional airline solutions and transforming travel.
• For more information about GO7 and the company's Q1 results or to speak with company executives, please contact Vanessa Horwell at [email protected] .

• From the new brand launch in January and the structuring of the GO7 leadership team to the expansion of client relationships with regional and global airlines, GO7 has embarked on its inaugural year with significant growth and industry-wide impact.
• "GO7 was built to move fast and innovate with agility, and that's exactly what we've done in the first quarter of this year," says Meir Hadassi Turner, CEO of GO7.
• In January, the former 777 Travel officially became GO7, a brand dedicated to re-architecting traditional airline solutions and transforming travel.
• For more information about GO7 and the company's Q1 results or to speak with company executives, please contact Vanessa Horwell at [email protected] .