One week ago the British government announced sanctions against three Russian airlines: Aeroflot, Ural Airlines and Rossiya Airlines. This kept them from selling or leasing takeoff and landing slots at U.K. airports. Russian airlines already couldn’t enter U.K. airspace.
Russian airlines don't just lose the ability to profit from their slots, they actually lose them.
There are 70 weekly takeoff and landing slots at London Heathrow. For 5 daily roundtrips, that's enough. British Airways leased one of them as a condition of approval for its acquisition of british midland 10 years ago. I don't know if the slot will be used by BA or if they will have to lease it to another carrier.
The four slot pairs that Aeroflot owns are worth a lot of money. The previous record for the sale of a slot pair was set in 2016 when Oman Air paid $75 million for slots from Kenya Airways. The value of slots is dependent on their specific takeoff and landing times, and may have changed in a post-pandemic world.
If the U.K. lifted sanctions against Russia, it is possible that Aeroflot could put its name up for the slots again, and there would be pressure to award those slots to the majority state-owned carrier.
London Air Travel is a type of travel.
Waivers for airline slots are not allowed in the U.K. and Europe according to guidance issued by Airport Coordination LIMITED. If airlines don't operate 80% of the flights they have the rights to, current rules are in place.
In airlines.
Government-granted airline privileges are a factor in industry consolidation. Alaska Airlines acquired Virgin America for access to gates and slots at crowded airports. Badly run carriers are protected from market discipline because they provide poor passenger experience.
In the commentary.
A week and a half ago, British Airways restructured their flight attendant group. Everyone would be hired, and those re-hired would work for a quarter or half pay.
In general.
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