Bloomberg Talks Virgin Atlantic CEO Shai Weiss Talks 'Momentum' in India
Jun 2, 2025
Shai Weiss, the Chief Executive Officer of Virgin Atlantic, delves into the complexities affecting the airline industry amidst trade and tariff uncertainties. He shares insights on fluctuating fuel prices and evolving travel sentiments. Discussing the promising travel market between India and the UK, Weiss emphasizes the 'momentum' in India, illustrating how strategic investments are navigating the rising costs in aviation. His reflections on adapting supply chains highlight the pivotal dynamics shaping the future of air travel.
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Tariff Impact on Travel Demand
- The impact of tariffs from April caused initial softening in North Atlantic travel which is now starting to rebound.\n- Premium travel remains strong while leisure travel is a bit weaker, especially in U.S.-Europe routes due to uncertainty.
Fuel and Currency Stabilize Airline Costs
- Stable fuel prices at $65 and a stronger pound against the dollar help airlines manage costs.\n- Despite this, consistent strong demand is essential to airline success and is currently emerging after a strong year start.
India-U.K. Trade Deal's Aviation Impact
- The India-U.K. trade deal is more significant to Virgin Atlantic than the U.S.-U.K. one, given India's booming economy.\n- Virgin Atlantic has grown its India presence by 350% over six years, reflecting India's shift from service to manufacturing.