Flybe announced (23-May-2013) plans to withdraw from UK's London Gatwick Airport due to "a 102% increase in airport charges to regional aircraft operators, Air Passenger Duty (APD) and a lack of aviation policy from the central government". Flybe said it will maintain all London Gatwick services from Belfast City, Guernsey, Inverness, Isle of Man, Jersey, Newcastle and Newquay until 29-Mar-2014. As part of the airline's plans, the airline sold its 25 arrival and departure slots at the airport to easyJet for GBP20 million. The slot acquisition by easyJet is subject to easyJet shareholder approval. Flybe has served London Gatwick for 22 years. Flybe said it will re-invest the funds generated from the sale of the slots in its remaining 159 routes. London Gatwick Airport said it was "disappointed" Flybe decided to sell its slots but said it remains "committed to supporting their operations here until they exit". Meanwhile Isle of Man Infrastructure Minister David Cretney said he was in contact with Flybe and easyJet to see what additional services they could operate in summer 2014. [more - original PR - Flybe] [more - original PR - easyJet] [more - original PR - London Gatwick Airport] [more - original PR - Isle of Man Government]
Flybe to withdraw from London Gatwick Airport
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The summer 2016 season came to an end on 29-Oct-2016. Adjusting for an extra week relative to the previous summer, it produced seat growth of 6% for capacity to/from/within Europe, matching the rate of growth in summer 2015, but higher than the 10-year average rate of 4% and higher than any other summer since 2010.
Current indications from data filed with OAG are that Europe will also experience accelerating capacity growth in the winter 2016/2017 season, which runs from 30-Oct-2016 to 25-Mar-2017. Adjusting for the season being shorter by one week relative to last winter, total seat growth in Europe is set to reach 7%, compared with 6% growth in winter 2015/2016 (and 6% growth in summer 2016). This is higher than the 10-year average rate for winter of 3% and the highest winter growth since 2007/2008.
On routes to all but one region from Europe, seat growth this winter will both be faster than last winter and higher than its 10-year average. The one exception is Europe to Middle East, the fastest-growing region, where capacity growth will remain at 10%. This report presents analysis of this winter's seat growth for Europe by region and by airline group.
Ryanair, easyJet, Norwegian, Wizz Air, Pegasus Airlines: Europe's top LCCs' collective margin drops
CAPA's previous analysis of the 3Q2016 results of Europe's big three legacy airline groups highlighted a fall in their collective operating margin, after growth in 1H2016. This report shows that Europe's five leading LCCs, in aggregate, also suffered a fall in profit and margin in the quarter.
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Nevertheless, the LCC five remain collectively far more profitable than the legacy three. Moreover Europe's two most profitable airlines, Ryanair and Wizz Air, look set to increase their margin lead this year. Even easyJet, which has had a bad year by its standards, achieved a higher margin for calendar 9M2016 than the most profitable of the big three legacy groups, which was IAG.
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