Eddy Pieniazek, Head of Advisory, is quoted in The New York Times today:
Higher fuel prices and lower demand for international flights are expected to eat into airlines’ profits.
By Kailyn Rhone and Niraj Chokshi
Airline stocks fell on Monday as the escalating conflict in the Middle East sent oil prices surging and forced governments to shut down airports.
The sell-off followed weekend strikes on Iran by the United States and Israel and retaliation by Iran on targets across the region. President Trump said he expected the attacks could last four to five weeks, but “we have the capability to go far longer than that.” Global shipments of oil and goods through the key Middle Eastern corridor, the Strait of Hormuz, have slowed to a trickle since the attacks began on Saturday. Oil prices jumped as much as 13 percent on Monday morning before moderating.
At least 11,000 flights to and from Middle Eastern countries have been canceled, affecting more than one million travelers…
Photo by Alireza Akhlaghi on Unsplash
Eddy Pieniazek has supported thousands of aircraft transactions during his 35 years’ career, advising leaders of the world’s top aviation finance, investment and leasing companies, airlines and manufacturers. A respected and valued influencer, Eddy was one of the original pioneers of today’s aircraft valuation and appraisal industry, developing the industry’s first online valuation and analytics tool.
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