Australia's Melbourne Tullamarine Airport reported (20-Feb-2013) passenger numbers increased 5% year-on-year to 2.6 million in Jan-2013. International traffic increased 2% to 679,429, although traffic "from key Asian growth markets such as China, Malaysia, Singapore, Hong Kong and Taiwan were affected by the Chinese New Year holiday period falling outside the month, which should be reflected in figures for February". Traditional markets such as the UK and the US showed better performance in Jan-2013, with increases of 7%, respectively. Travel by Australian passport holders increased by 2%. During the month, Melbourne Airport celebrated its 100 millionth international passenger. Domestic passengers increased 6% to 1.9 million. [more - original PR]
Melbourne Tullamarine Airport pax up 5% in Jan-2013, better performance from traditional markets
You may also be interested in the following articles...
Philippine Airlines Part 2: more expansion to Australia and China as A321neos arrive in 2017
Philippine Airlines (PAL) is planning more international growth over the next year or two with a focus on Australia, China, the US and potentially Europe. Nonstops for Brisbane and more capacity for Sydney are in the pipeline for Australia, while in the Chinese market PAL is looking to launch Chengdu.
In Europe PAL is considering adding a second European destination in 2018, with Frankfurt and Rome under consideration. PAL has already added capacity to Europe this year by upgrading its London Heathrow service to daily.
This is the second in a series of analysis reports on the Philippines market. The first report focused on PAL’s Middle East operation, which could be reduced in 2017 amid intensifying competition and weakening demand.
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.