- Passenger numbers: 4,980,288, +6.1%;
- Domestic: 3,605,837, +5.0%;
- International: 1,374,451, +8.8%;
- Cargo volume: 150,631 tonnes, -4.3%;
- Freight: 144,101, -4.7%;
- Mail: 6531, +5.7%;
- Aircraft movements: 49,551, +7.3%.
Los Angeles International Airport announces Sep-2011 traffic up 6.1%
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Logic dictates approval of Alaska-Virgin America merger; anti-trust hawks loom large
A pushback in the closing date of the merger of Alaska Air Group and Virgin America – to allow the US government more time for its review of the transaction – created some jitters among investors about the eventual approval of the tie-up, evidenced by a drop in Virgin America’s stock price, which had soared after the deal was tabled in Apr-2016.
Despite the extra time regulators are taking to review the merger, a full-blown rejection of the deal is unlikely given the drastically smaller scope created by Alaska and Virgin America. Indeed, the combined airline creates a more viable entity to compete with the mega-carriers created by previous mergers; not a threat to consumer choice.
Close scrutiny by US regulators was always expected, as are some form of concessions in order for the agreement to ultimately gain the government’s approval. The form those concessions could take has spurred significant speculation from slot divestitures to the relinquishment of gates. Perhaps the key for Alaska is ensuring that the composition of those concessions does not compromise the economics of the transaction.
California's Ontario International Airport Part 2: Dominated by LCCs
Part 1 of this report on Ontario International Airport (OIA) reviewed the features of the airport and its local environment.
While OIA includes a huge urban catchment area, industry is still recovering from the financial crisis and competition from its larger neighbours makes establishing a position in the market that bit more difficult. There has however been a change in ownership which could enhance the airport's fortunes. This Part examines the LCC preeminence at OIA, and outlines the move from ownership by LAWA to the Ontario International Airport Authority, approved in Dec-2015, when operating rights were transferred.
The bill was signed into law by President Obama on 15-Jul-2016 but the transfer has been postponed to 01-Nov-2016, to allow for all the associated paperwork to be completed and filed.
The ownership change opens the door, at least potentially, to private sector investment and management in the long run, but costs must be reined in and the bottom line improved first.