Grand Cayman Island Owen Roberts International Airport
Owen Roberts International Airport serves the island of Grand Cayman and the Cayman Islands capital, George Town. The airport is the primary gateway to the Islands and serves as the primary hub for Cayman Airways, as well as offering connections to the United States, Canada and the United Kingdom with British Airways and all major North American carriers. The airport is owned and operated by the Cayman Islands Airports Authority.
Location of Grand Cayman Island Owen Roberts International Airport, Cayman Islands
Ground Handlers servicing Grand Cayman Island Owen Roberts International Airport
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Some US carriers are conceding slight softness in leisure demand and yields as the typically weaker travel period ushered in at the beginning of Sep-2012 continues to take hold. Against the backdrop of the diminished demand is an underlying concern by all carriers of rapidly rising fuel prices that continue to drive a hard to manage volatile pricing environment. Yet despite the softness cited by some of the lower-cost airlines operating in the US, their growth plans remain unchanged as they prepare for new market roll-outs beginning in 4Q2012 to coincide with some typical improvement in demand patterns.
The overall sentiment among the US lower-cost carrier group appears to be less bullish than the outlook expressed by the country’s legacy airlines. Those carriers believe demand remains relatively stable as 3Q2012 comes to a close, and for the moment expect that stability will continue throughout the remainder of 2012.
JetBlue’s plan to grow its capacity on the high side for the US industry by 6.5% to 8.5% in 2012 is reflected in a planned roll-out of new destinations to the Caribbean, Florida and Latin America during 4Q2012. Those regions, particularly the Caribbean and Latin America, are the primary growth vehicles for the carrier as some other US airlines retrench in those areas. The airline’s new Florida markets build on JetBlue’s strong brand awareness in the region as the airline expands into Florida from the less dense market of Providence, Rhode Island.
Executives at JetBlue recently stated the carrier continues to grow profitably in the Caribbean and Latin America, with those regions representing 10% of the 7% to 9% capacity growth the carrier expects to record during 3Q2012. The airline’s other major growth market, Boston, is accounting for about 7% of the 3Q2012 capacity growth.