Gold Coast Airport reports 27.4% rise in Apr-2010 international pax
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Australia’s Gold Coast Airport: AirAsia X and Hong Kong Airlines drive rapid international growth
Australia’s Gold Coast Airport is enjoying rapid traffic growth, driven by new and expanded international services. The airport recently started construction on a new terminal which will provide an enhanced level and service, and more widebody parking spots, to support anticipated further international growth.
Gold Coast traffic was up 8% to 6.3 million passengers in the year ending 30-Jun-2016, with international traffic up 18% to 1.05 million. Gold Coast had the fastest international growth in FY2016 among Australia’s six main international airports.
AirAsia X and Hong Kong Airlines have accounted for most of the recent growth. AirAsia X has added capacity on Kuala Lumpur-Gold Coast while launching Gold Coast-Auckland. Hong Kong Airlines launched services to Gold Coast in early 2016 and is already planning to increase capacity.
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.