Chapter 1608 Wealth Soars

The wealth of Yuanshan Capital has skyrocketed in the past two years, but due to Yang Sen's toughness and the intervention of several powerful partners, no one has been able to know how much money Yuanshan Capital has.

But at least for now, people can roughly estimate a lower limit through the growth of Delta Air Lines’ stock price——50 billion U.S. dollars. Yuanshan Capital has at least 50 billion U.S. dollars in huge wealth. Everyone knows the meaning of the word "least". As for where the upper limit is, only Yang Sen and a few shareholders know.

Naturally, Yang Sen's net worth is also guaranteed with the new round of asset appreciation of Yuanshan Capital. According to the real-time rich list, Yang Sen ranks among the top 50 in the world with a personal wealth of US$16.9 billion, ranking among Jobs' widow Laurene Before, it ranked 44th in the world.

And only two years ago, Janssen failed to squeeze into the top 100 in the world. Although the difference was only US$100 million, it seemed that there was a gap.

But now, that gap has disappeared.

The direct benefit brought about by this is that those hungry wolves who were spying on Yuanshan Capital gradually disappeared, because the growth of Yang Sen's assets also represented that shareholders holding Yuanshan Capital's shares gained more benefits , that being the case, why should it be distributed to let more people eat the cake? Wouldn't it be nice to eat an extra piece?

People are greedy, especially for those profit-seeking capitalists. In the face of huge benefits, they will never think about sharing when they can eat alone. Only when they find that eating alone is not stable, they will pretend to be Sharing is used as an excuse to spend money to buy peace.

This kind of spirit is vividly displayed in the shareholders of Yuanshan Capital.

Having said that, since Yuanshan Capital became the major shareholder of Delta Air Lines, whether it reached an in-depth strategic cooperation with China Eastern Airlines for cross-shareholding, or acquired Korean Air, or acquired Norwegian Air, and established an aircraft leasing company, this series of The operation has brought the most intuitive benefits to all shareholders of Delta Air Lines, that is, the stock price has repeatedly risen.

Everyone has made money with the Yang family, so the Yang family's position in Delta Airlines will be stronger. Yang Cheng, as the director of Delta Airlines, is undoubtedly the one who has contributed the most, because every operation is a It was completed under his command, and there were even internal voices recently, simply letting Yang Cheng be the chairman and CEO of the board of directors, leading Delta Airlines to a higher level.

It's just that as soon as the voice appeared, he was shot to death on the beach. What a joke, Yang Cheng has too much work on his own, and if Delta Airlines is on his side, wouldn't he be exhausted?

Of course, as long as there is an opportunity to make Delta Airlines better, he doesn't mind doing it, and both the board of directors and the management fully believe in Yang Cheng's ideas, and his words are sacred!

Speaking of the Atlantic route, Yang Cheng's operation has enabled Delta Air Lines to take the lead, or to say it has already seized the commanding heights, in this land where every inch of land is contested.

According to the plan, Norwegian Air will put about 3.1 million seats in 2017. In addition to the previous steady expansion, Norwegian Air ranked No. Nine, occupy a place in the market by virtue of its cost advantage and rapid expansion mode.

If it is allowed to develop freely, sooner or later it will pose a huge threat to the itineraries of Delta, British Airways and United Airlines, the main carriers on the route, but it is not a problem now. Norwegian Air is already a wholly-owned subsidiary of Delta Air Lines. As a vanguard, airlines will squeeze out the share of other competitors, and it is a matter of no harm to Delta Air Lines.

Of course, this is not a reason to temporarily relax. The pursuers behind are very tight, and they will be overtaken if they relax a little. For example, Icelandair, ranked 15th, and WOW Air, ranked 19th, are based in Reykjavik. In North America and Europe, passenger traffic will continue to grow in the next few years, which is a common understanding of the entire industry.

In terms of routes, two of the top ten routes in terms of capacity currently have low-cost airlines participating in the competition.

Norwegian Air's New York-JFK-Paris-Charles de Gaulle route, and Air Transat's Paris-Charles de Gaulle-Montreal route;

The other 8 routes all involve Heathrow Airport. Among them, airlines put the most capacity on the route from New York Kennedy to London Heathrow, which is enough to show that Heathrow has strong passenger demand and is the largest passenger route from Europe to the United States and Canada. source.

In this regard, Norwegian Air and Delta Air Lines are already making targeted arrangements. The most important link is to purchase take-off and landing time at Heathrow Airport. The intensity of competition for flight slot resources is no less than that of Atlantic routes. In such a tragic situation, for the take-off and landing time of a flight, all major airlines have resorted to tricks, and there is no lower limit to the degree of insidiousness.

It seems that Alitalia is not useless, at least they have 6 pairs of takeoff and landing slots at Heathrow Airport!

Most importantly, Alitalia is also a member of the SkyTeam alliance.

However, on the Atlantic route, the three major alliances have both competition and cooperation. In order to obtain anti-monopoly immunity and reduce the negative impact on airlines due to market fluctuations, the three major alliances have formed their own joint ventures on the transatlantic route.

However, the open skies agreement between Europe and the United States has promoted the development of low-cost airlines such as Norwegian Air. As a result, joint ventures on transatlantic routes have been negatively affected. Although the capacity has been continuously increased, the market share is shrinking. This is why Delta Air Lines acquired After Norwegian Air, the reason why the stock price will rise so much is that investors are not stupid.

Since the increase in transport capacity is much smaller than that of the overall market, on the surface, the shares of the three major alliances are shrinking, but because of the entry of Norwegian Air, the share of Delta Air Lines has reversed growth, and it is red among thousands of flowers. How much red-eye Delta got.

However, in addition to Norwegian Air, in the face of competition from other low-cost airlines, major traditional airlines in Europe and the United States, including Delta Air Lines, are seeking transformation.

American airlines have developed multi-level pricing strategies on routes to Europe, offering a variety of economy class products to compete with low-cost airlines.

For example, Delta Air Lines has introduced the lowest international fare plus luggage check-in fee to enhance its competitiveness, because absolutely most low-cost airlines operating transatlantic routes have other extra charges including luggage and meals. If similar Pricing strategy. Compared with the richer route network of traditional airlines, low-cost airlines will lose their competitiveness in terms of fares over time.

Norwegian Air does not have to worry about this, because Delta Air Lines will allocate part of the passenger flow to them. The two complement each other, and only the interests of other low-cost companies will be lost!

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