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LHs strategy: discussion thread for customers, investors, consultants & armchair CEOs
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Dec 4, 2024 | 5:43 am
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oliver2002
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
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Quote:
Originally Posted by
Dave_C
Presumably the problem with all of this is that Allegris was conceived pre-COVID, in the days where corporate travel existed at a much higher rate than it does today. In those days, the seat selection fees here would be paid by the corporate, and similar to YQ, would be part of their ancillary spend, and thus not eligible for rebates like the base fare would be? Pure profit for something that's inherent in the product.
Now that corporate long haul travel is less than it used to be, and premium leisure is a much bigger factor, the uptake of these charges is going to be less than they modelled in the first place. Be interesting to see how this turns out.
February 2024:
https://www.thisismoney.co.uk/money/...ecord-3bn.html
Quote:
International Airlines Group (IAG) reported underlying operating profits of £3billion for 2023, nearly three times the £1.1billion in 2022 and higher than its pre-pandemic peak.
The group said its bottom line was bolstered by higher ticket prices and
more cash coming in from ancillary revenue
.
Ancillary revenue, or sales of extras like
pre-booked seats
or food, for the
three
months to 31 December reached around £549million
, up from £470million by the same point a year earlier.
Somebody in the LAC read that and we got the allegris ASR scheme in May 2024
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