Barceló Granada Congress Welcomes Global Leaders for CAPA 2024 Summit

Sunday, March 3, 2024

The Barceló Granada Congress in Granada, Spain, is set to host the inaugural event of CAPA’s 2024 global summit series on 7-8 March 2024. This event marks the beginning of a series of summits aimed at addressing the most pressing issues facing the air travel industry today, both regionally and globally.

The “Airlines in Transition” Summit, a cornerstone of the 2024 CAPA calendar, will delve into the shifting paradigms of airline business models worldwide. It will focus on sustainability and the adoption of best practices for a more resilient future in light of changing passenger preferences, environmental concerns, and economic fluctuations. The summit is designed to guide the travel sector in adapting to the post-pandemic world, ensuring a smoother transition to stability.

A new feature of the 2024 summit is a session dedicated to air finance and leasing markets, aiming to enhance the breadth of knowledge among attendees.

The CAPA Airline Leader Summit has historically been a gathering of industry leaders, drawing CEOs and top executives from a broad spectrum of airlines, airports, and travel industry suppliers globally. It offers unparalleled networking opportunities, providing access to key decision-makers and influencers in the aviation world.

The 2024 edition promises exceptional insights into the forces reshaping global aviation, making it a crucial event for those seeking to navigate the future of the sector.

In addition to an impressive lineup of speakers, the summit introduces “CAPA Corner: The So-What” and “CAPA Unconference: A CEO Forum,” innovative segments designed to deepen discussions and foster interactive dialogue on pivotal topics.

Adding a layer of depth to the discourse, the summit will present “Key Insights: The Critical 15 Statistics,” shedding light on pivotal industry metrics:

• Aircraft operational levels have rebounded to 101% compared to pre-pandemic 2019 figures.
• Seating availability has nearly recovered, standing at 97% of 2019 levels.
• Air cargo volume is at 89%, with Revenue Passenger Kilometers (RPKs) trailing at 84%.
• EU airfare inflation has surged by 19%.
• Boeing and Airbus are facing delivery delays that set back timelines by a decade.
• Aviation fuel costs have climbed to represent 30% of airline revenues over the past two years.
• The pandemic wiped out 81% of the airline industry’s cumulative profits.
• The number of global airlines has decreased, moving from 697 in March 2010 to 712.
• Market share concentration among Europe’s top 10 airlines has increased from 67% to 72% over four years.
• In North America, the top 10 airlines maintain a 94% market share, consistent with previous years.
• The industry is on a path to achieve net-zero carbon emissions over the next 27 years.

These statistics provide a comprehensive overview of the current state of the aviation industry, underscoring the challenges and opportunities ahead. The 2024 CAPA Airline Leader Summit – Airlines in Transition is poised to be a pivotal platform for strategic insights and in-depth analysis, essential for navigating the evolving landscape of global aviation.

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