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London Gatwick Airport

Formerly owned by BAA, London Gatwick Airport is operated by Gatwick Airport Ltd. Gatwick is wholly-owned by Ivy Bidco Limited (Ivy), a company formed to undertake the acquisition of Gatwick. Ivy is ultimately controlled by funds managed by Global Infrastructure Management, LLC, part of Global Infrastructure Partners (GIP). GIP, a USD5.6 billion independent investment fund, invests worldwide in infrastructure assets. It targets investments in air transport infrastructure, ports, freight rail, power and utilities, natural resources infrastructure, water distribution and treatment, and waste management.

London Gatwick is the second busiest airport in the United Kingdom. Hosting regional and international passenger and cargo services for over 30 airlines, London Gatwick is a hub for airlines including Aer Lingus, British Airways, easyJet, Flybe, Monarch Airlines, Thomas Cook Airlines, Thomson Airways and Virgin Atlantic Airways. London Gatwick is the busiest single-runway airport in the world.

Location of London Gatwick Airport, United Kingdom

Ground Handlers and Cargo Handlers servicing London Gatwick Airport


 
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1,962 total articles

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124 total articles

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easyJet: FY profit double digit growth despite "less benign" environment in European short-haul

25-Jul-2014 10:57 PM

easyJet's reported revenue growth of 8.6% for 3QFY2014 (i.e. Apr-2014 to Jun-2014), is an acceleration on 1H's 6.3%, with further growth in revenue per seat. However, load factors are already at industry-leading levels throughout the year and easyJet will probably need to focus more on revenue per passenger if it is to continue to see continued growth in revenue per seat. In 3Q, it experienced a rare (and slight) dip in revenue per passenger. To some extent, the change in the timing of Easter distorts year on year comparison for 3Q, but the airline's new FY2014 guidance implies a modest fall in revenue per seat in 4Q.

Strong capacity growth by easyJet at Gatwick, due to the acquisition of slots from Flybe, and a competitive environment of increasing capacity growth are making themselves felt in this modest yield weakness.

Nevertheless, easyJet's unit costs were lower than previously expected and it has a significant cost advantage versus legacy carriers at the primary airports on which its network focuses. Moreover, its FY2014 guidance implies another year of double digit profit growth and return on capital above the cost of capital.

The ‘Aerotropolis EMEA’ Conference report. Part 2: Strong political leadership needed

23-Jul-2014 6:22 PM

This is the second part of CAPA's report on the recent ‘Aerotropolis EMEA’ Conference.

It contains comments from a range of panellists including Munich Airport, Gatwick Airport, Stockholm Airport, London Heathrow, the City Council of El Prat, the City of Amsterdam, Schiphol Real Estate, Durban's Dube Tradeport, Copenhagen Airports, Edmonton Airport, Denver Airport and others, under the guidance of Professor Kasarda.

Professor Kasarda's conclusion was that there are four themes critical for success for an aerotropolis: 

  • Stakeholder alignment and community buy-in to the project;
  • Appropriate business model needed;
  • Connectivity in the air and on the ground and;
  • The Aerotropolis is a process/strategy, not a project!

The Aerotropolis – a strategy, not a project. ‘Aerotropolis EMEA’ Conference report: Part 1

20-Jul-2014 9:38 AM

The Aerotropolis is a process or strategy, not a project. That was the main conclusion of a conference, ‘Aerotropolis EMEA’, which took place in Manchester, UK, in early Jul-2014.

Attempts were made to define the Aerotropolis and to differentiate it from the ‘Airport City’ to delegates that ranged in nature from the already well-informed to the absolute beginner. It was interesting to note that several major airports do not use the terms ‘airport city’ or ‘aerotropolis’ even though it is widely observed that they have one or the other, or both, themselves.

Moreover, the US FAA does not have a definition of Airport City or Aerotropolis, despite the fact that some of the best examples, and particularly the area around Dallas-Fort Worth airport, can be found in the US. Clearly, these concepts are a process that is still a work-in-progress.

London’s Heathrow and Gatwick airports commence the next phase of Davies Commission runway battle

19-May-2014 5:00 PM

In Dec-2013 the UK’s Airports (Davies) Commission identified in an Interim Report three possible options for enhanced airport capacity in the UK; all of them in the southeast of England. Two were at London's Heathrow and one at Gatwick.

At the same time, and seemingly under some political pressure, the Commission agreed to allot extra time to a more detailed analysis of several proposals for a new airport on the banks of, or in, the River Thames Estuary.

After a period of reflection on everyone’s part the gloves are back on as the main protagonists square up once again with a series of revised proposals. But in the end, politics, not logic is likely to be the deciding factor.

EasyJet narrows its winter losses as it attracts more business travellers

14-May-2014 5:35 PM

The airline business is a seasonal one and European airlines tend to lose money in the winter. EasyJet is no exception in this respect, but it has again narrowed its winter loss in 1HFY2014. With targeted capacity growth, it increased its revenue per seat faster than cost per seat.

Revenue per seat was also helped by a growing number of passengers flying for business purposes. On a rolling 12 month basis, easyJet said that it carried 12 million business travellers in the year to Mar-2014, around 20% of total passenger numbers. Since it started to target business passengers in 2010, the number has grown by 44%, demonstrating what can be achieved without having a business class cabin.

Competitor capacity growth is accelerating this summer and easyJet will see its own growth accelerated by the inclusion of Gatwick slots acquired from Flybe. This may lead to some downward pressure on yields, although the strength of its network and product features such as allocated seating may mitigate this. Certainly, narrower winter losses place it well for another year of healthy growth in profit.

Garuda adjusts 777-300ER route plans to focus on Japan while dropping Australia-London one-stops

29-Apr-2014 9:31 AM

Garuda Indonesia is planning further expansion to Japan as it decreases focus on Europe by dropping plans to operate non-stop services to London and to compete in the Australia-London market. The U-turn in Garuda’s widebody fleet deployment strategy reflects the intense competition in the Southeast Asia-Europe and Australia-Europe markets compared to the more attractive expansion opportunities within Asia.

Garuda’s new flagship fleet of 777-300ERs was initially intended to operate several new non-stop long-haul routes to Europe, starting with London in Nov-2013. Garuda instead now plans to use a small portion of its 777-300ER fleet for long-haul services, operating only five weekly flights to Europe on a Jakarta-Amsterdam-London Gatwick routing.

Garuda also has dropped plans to deploy the 777-300ER to Sydney as part of a one-stop same plane product for the Australia-UK market. The carrier instead is expanding capacity in North Asia, particularly to Japan where it sees growing demand and opportunities for connections with other SkyTeam members and new partner All Nippon Airways.

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