Alexandria El Nouzha Airport
Alexandria International Airport (also known as El Nouzha Airport) serves the city of Alexandria and the Nile Delta metropolitan area in northern Egypt. Located 7 km south of central Alexandria, the airport handles over 1 million passengers annually and serves destination across Egypt, the Middle East and Europe. 14 carriers serve the airport, the largest of which is Egyptair subsidiary Egyptair Express. The opening of the larger Borg al Arab Airport 40 km south-west of Alexandria has seen traffic fall at Alexandria International. Borg al Arab Airport has ambitious development plans and has recently attracted fast-growing LCCs from across the region, including Egyptian start-up Air Arabia Egypt. Alexandria International is expected to close in 2010 to allow for major redevelopment at the airport, which includes a runway extension and the construction of a larger terminal building.
Location of Alexandria El Nouzha Airport, Egypt
Ground Handlers servicing Alexandria El Nouzha Airport
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One of the outstanding factors in Jazeera Airways’ turnaround over the past 15 months has been the dramatic jump in the yield levels achieved by the carrier. Having shrunk into profitability, the Kuwait-based carrier has fewer routes and less aircraft but has reported five consecutive quarters of record profits and is set to report its best-ever full-year result for 2011.
At the end of 3Q2011, the carrier reported yields of 52.3 Kuwaiti fils, up 42% over 3Q2010 and a remarkable 91% above 3Q2009 levels. Increasing yields are expected to continue through the final quarter of 2011 and into 2012. This provides a tremendously strong platform for the carrier to develop from, as it puts in place its strategic development plan over the next few years.
Air Arabia has overcome a regional travel downturn and “tumultuous” market conditions to post a profit for the three months to 30-Jun-2011 of AED51 million (USD13.9 million), a modest increase of 2% over the same period in 2011.
The ripples from the Arab Spring continue to spread. Air Arabia, the largest LCC in the Middle East, announced in Jun-2011 that it would delay the launch of its Jordanian JV due to the downturn in traffic in the region, as well as higher oil prices. While the political and social environment in Jordan is described by the carrier as “stable”, Syria, Bahrain, Egypt and Tunisia still have not resolved local political instability.
European carriers are becoming increasingly concerned by the Middle East airline threat on their core international businesses. CEOs from British Airways, Air France and Lufthansa have all voiced their opinions lately, as Middle East airlines continue to expand their global networks. But the European flag carriers are not standing idly by. Several are rapidly expanding their presence in the Middle East, to maintain and/or grow their share of this promising market. Emirates is the clear market leader, with a 21.0% share of capacity on Middle East-Europe routes. Qatar Airways is the second largest, with 8.7%, while Lufthansa, British Airways and Air France have just 5.6%, 3.5% and 2.7% shares, respectively.
The strong growth at UAE airports continues, with Dubai and Abu Dhabi leading the way. The UAE General Civil Aviation Authority (GCAA) reports that air traffic movements in the country grew at an “unprecedented” rate of 12.8% year-on-year over Sep-2010, with 52,691 aircraft movements in the month. This follows on from an 8.7% year-on-year increase in aircraft movements Aug-2010. (Note: traffic figures have been skewed by the shifting of Ramadan into August, which was partially responsible for the slowdown in that month).
EgyptAir Holding company Chairman and CEO, Hussein Massoud, stated the carrier plans to increase full-year profits by nearly a third, commenting that the carrier is currently “making a profit", and adding: "We are planning to see more this year”. The company is targeting a USD132 million profit in the 12 months to Jun-2011, a 31% year-on-year increase.
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