- Passenger numbers: 838,000, +2.1% year-on-year;
- Aircraft movements: 11,236, -0.2%.
Croatian airports pax up 2% in Sep-2013
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Dubrovnik Airport: providing essential tourism support for a region. Croatia Airlines' 3rd base
Dubrovnik, in the far south of Croatia on the Adriatic Sea, has the country’s third busiest airport after Zagreb and Split. The airport is leisure-oriented with a mix of FSC/network carriers, LCCs and charter carriers.
The economy of the small city is heavily reliant on tourism, which the airport supports by way of handling almost two million passengers annually. Because of the unique nature of that tourism Dubrovnik Airport has no outright competitors either within or outside Croatia with the exception of Split Airport to the north, whose profile is very similar.
This report examines Dubrovnik Airport by way of several sets of metrics, looks at the airports that are rivals to it, at its construction activities and its current and projected ownership.
Vueling NEXT Part 2: new CEO to lead IAG's LCC in restructuring bid to achieve IAG targets
Vueling's new CEO, Javier Sanchez-Prieto, is leading a programme ('Vueling NEXT') to improve its profitability, both through revenue enhancement and cost efficiency gains. Among other aims this hopes to reduce Vueling's high levels of seasonality, to raise aircraft utilisation and to improve labour productivity. Given ambitious financial targets by IAG – action is needed.
Part 1 of CAPA's analysis of Vueling examined its capacity growth and profitability trends since its acquisition by IAG in 2013. Vueling's operating margin and return on invested capital are on a downward trend, hence the new initiative to reverse these trends.
This second part of CAPA's analysis considers the profit improvement programme. During this programme Vueling's fleet will remain broadly flat to 2018, before resuming growth thereafter. Focus markets for Vueling are domestic Spain and Spain-Europe. It has strengths in these markets but faces growing competition from its lower-cost rival Ryanair, which has also been raising its service quality – closing the gap to Vueling's more premium positioning on the LCC spectrum.