Aeropuertos Argentina 2000 reported (13-Nov-2012) passenger numbers through its airports increased 13.2% year-on-year to 2.2 million in Oct-2012. Buenos Aires Ministro Pistarini Airport reported the highest growth of 10.9% to 767,824 passengers while Buenos Aires Jorge Newbery Airport passenger numbers increased 9.7% to 788,705 during the month. [more – original PR – Spanish]
Aeropuertos Argentina 2000 reports 13% pax increase in Oct-2012
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Pegasus Airlines & Turkish Airlines: Turkey's aviation booms, Istanbul Sabiha Gokcen Airport gains
Turkey is home to two of Europe's fastest growing airlines. Turkish Airlines increased ASKs by 16% in 2014 and LCC Pegasus Airlines grew by 20%. From a standing start as a scheduled carrier ten years ago, Pegasus' share of seats in Turkey reached 19% in 2014. Turkish remained the country's largest airline, but its market share of just under 54% in 2014 was unchanged from 2010. The main battlegrounds between the two are on international routes to/from Europe and in the domestic market, where Pegasus has grown particularly rapidly.
Until 2013, Turkish Airlines more or less left Pegasus alone at its home base of Istanbul Sabiha Gokcen, where the LCC is the number one airline. Since then, however, Turkish has outgrown its rival at Istanbul's number two airport. Turkish now overlaps on city pairs that cover 97% of Pegasus seat capacity from Sabiha Gokcen.
It is no coincidence that Pegasus' unit revenue and operating profit margin have dipped since this onslaught. Neither has Turkish emerged unscathed. Both plan further rapid growth this year, but appear to be holding a truce in the price war.
Airberlin: another restructuring from another CEO after another loss in 2014
According to airberlin's preliminary results, it narrowed its underlying operating loss (before restructuring and one-off costs) for 2014. It made progress with cost restructuring, but missed its planned turnaround because unit revenues were weak. After restructuring and one-offs, its net loss will be worse than in 2013.
With only one year of (very small) net profit since 2007, it seems that loss-making can be a hard habit to break. More recent data show an improving unit revenue trend and airberlin expects 2015 to be much better than last year.
Nevertheless, this cannot hide the enormity of the challenge facing new CEO Stefan Pichler (appointed 2-Feb-2015) in restoring airberlin to profit. The fourth CEO in as many years has launched another redesign of the company's business model, aiming for a positive result in 2016.