Iberia cancelled (25-Feb-2013) 431 flights representing 39% of the carrier's schedule between 04-Mar-2013 and 08-Mar-2013 during the second round of five-day 24-hour strikes called by unions over the carrier's restructuring programme. Iberia will operate 85% of long-haul services, 62% of medium-haul international services and 47% of domestic services during the strikes. The carrier signed "permanent" agreements with all oneworld alliance partners, and temporary agreements with eight other carriers, to accommodate re-booked passengers during this period. The carrier will also relaxed its rates and policies to allow changes or refunds to customers affected by the strikes. Meanwhile, Air Nostrum also announced 432 cancellations due to the affects of works stoppages at Iberia Airport Services. [more - original PR - Iberia Statement - Spanish] [more - original PR - Air Nostrum Statement - Spanish] [more - original PR - Air Nostrum Cancellations] [more - original PR - Iberia Cancellations 04-Mar-2013] [more - original PR - Iberia Cancellations 05-Mar-2013] [more - original - Iberia Cancellations 06-Mar-2013] [more - original - Iberia Cancellations 07-Mar-2013] [more - original PR - Iberia Cancellations 08-Mar-2013]
Iberia cancels 431 flights, Air Nostrum 432 flights from 04-Mar-2013 to 08-Mar-2013 during strikes
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S7 Airlines Part 2: history of growth in fleet, pax, revenue & profit shows benign market structure
Part 1 of CAPA's analysis of the S7 Airlines Group examined its network and competitive positioning, particularly with respect to the Russian market leader Aeroflot Group. Away from its Moscow Domodedovo hub, S7 has pockets of strength serving cities in Asia from regional Russian airports.
This second part of the report on S7 highlights its respectable track record of growth in its operations and profitability since the establishment of its subsidiary Globus in 2008. In 8M2016 its passenger growth rate accelerated to 25%, after a 6% increase in 2015. Although demand for international air travel to/from Russia has slumped due to geopolitical developments, S7 has benefited from growth in the domestic market and from capacity cuts by foreign competitors on international routes. It has also benefited from the 2015 collapse of Transaero (although Aeroflot has gained more from this).
In spite of some of the demand shocks affecting Russia, S7 appears to benefit from a relatively benign market structure. The S7 Group has more than doubled its passenger numbers since 2008 and remained in profit since at least 2009. 1H2016 net profit jumped by 62%. With 66 aircraft in the group fleet and an order book of 47 aircraft – including A320neos, 737 MAXs and Embraer regional jets – the S7 Group appears to be confident in its future.
S7 Airlines Part 1: Russia's #2 airline's main focus is domestic, with pockets of strength in Asia
S7 Airlines, together with its subsidiary Globus, achieved a 25% increase in passenger numbers in the first eight months of 2016. Passengers flying the S7 brand totalled 10.6 million in 2015, making it Russia's second biggest airline after Aeroflot (thanks also to the collapse last year of former number two Transaero). This first part of CAPA's report examines S7's current network. A second part will analyse its growth, fleet and financial track record.
Moscow Domodedovo is S7's biggest airport and its main hub for the domestic market, which accounts for around two thirds of its seat capacity. Domodedovo is also its hub for international routes to Europe (mainly Eastern and Central Europe). Although it is the biggest airline at this airport, on a city pair basis on many routes from Moscow there is significant competition from the market leader Aeroflot, whose main hub is Sheremetyevo.
However, S7 also has a noteworthy network to cities in Northeast and Southeast Asia from regional airports elsewhere in Russia, in particular Novosibirsk and Vladivostok. Competition on these Asian routes is much less severe: indeed, S7 is the only operator on the majority of its routes to NE/SE Asia and its position is further boosted by codeshares (including with Aeroflot).