Prague Václav Havel Airport
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- Annual Reports
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- IATA Code
- ICAO Code
- Czech Republic
- Domestic | International
- Airport Type
- 3715m x 45m
3250m x 45m
2120m x 60m
- Airlines currently operating to this airport with scheduled services
- Adria Airways
Azerbaijan Airlines AZAL
CSA Czech Airlines
Delta Air Lines
KLM Royal Dutch Airlines
LOT Polish Airlines
Norwegian Air International
Norwegian Air Shuttle ASA
Ukraine International Airlines
- Airlines currently operating to this airport via codeshare
Air Europa Lineas Aereas
All Nippon Airways
China Eastern Airlines
China Southern Airlines
Prague Václav Havel Airport (formerly Prague Ruzyne Airport) is the international gateway to Prague, Czech Republic and one of the busiest airports in Central Europe. Hosting regional and international passenger and cargo services for over 35 airlines, the airport is a hub for Czech Airlines, Smart Wings, Travel Service and Wizz Air.
Location of Prague Václav Havel Airport, Czech Republic
Ground Handlers and Cargo Handlers servicing Prague Václav Havel Airport
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Fuel & Oil Suppliers servicing Prague Václav Havel Airport
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990 total articles
42 total articles
Air Canada believes that changes it is making to business strategy – aircraft densification and the expansion of its low cost subsidiary, rouge – are positioning the airline to weather uncertain economic conditions in Canada and in other geographical regions.
A decline in industry domestic capacity later in 2016 should benefit Air Canada and rival WestJet, but Air Canada’s yields will continue to decline because certain components of its strategy blueprint – longer stage length and a higher proportion of leisure travellers – dictate a decrease in yields.
Although Air Canada has ceased offering capacity guidance, most of its planned expansion of supply in 2016 is pegged for international markets as it works to craft a global network that rivals that of its large North American peers. Perhaps to reassure investors that it is prepared to act rationally if conditions suddenly worsen, Air Canada is stressing the flexibility it retains to adjust its fleet and redeploy capacity from underperforming markets to other regions of its network.
With its well-developed market economy, skilled labour force, and high standard of living, Austria is closely tied to other EU economies, especially Germany’s. The City of Vienna is one of Europe’s richest, and sitting as it does on the border of Eastern and Western Europe it has been able to benefit from trade between the two for many years. Its airport continues to do so today.
Only a decade ago it was underachieving for a wealthy capital city airport with high hub potential. But there have been considerable investments made in the infrastructure – which continue – and in addition Austrian Airlines has been absorbed into the Lufthansa Group, which has ultimately benefitted the airport. The airport now handles 22 million ppa, but growth rates recently have been low.
This report examines Vienna International Airport by way of several sets of metrics, looks at the airports that are rivals to it, at its construction activities and its changing ownership.
Air Canada plans to deploy the bulk of its 2016 capacity growth to international markets, after having cut some capacity in Western Canada during 2015. The airline is less exposed to that region than rival WestJet, which is headquartered in Western Canada and is projecting steep unit revenue declines in early 2016 due to weakness from lower demand in the oil and gas sector.
Air Canada embarked on the year 2016 by placing a letter of intent to purchase 45 Bombardier CSeries jets. In parallel, the Quebec government (which now has a stake in the CSeries) dropped a lawsuit against the airline related to aircraft maintenance performed in the province. However, Air Canada contends that it faced no political pressure to place an order for the beleaguered CSeries. Air Canada’s order gives the Canadian manufacturer a dependable national customer now that Porter’s order remains in doubt, and the aircraft's other North American customer, Republic Airways Holdings, has entered bankruptcy protection.
After trading at a discount for most of 2015 Air Canada has opted not to provide yield, unit revenue or capacity guidance on a quarterly or annual basis. The company’s rationale for the decision is a focus on its long-term strategy laid out to its investors in mid-2015, with specific ROIC, ratio and EBITAR margin targets. The company has emphatically stated that if short-term investors are not happy with the new policy, they are free to look elsewhere.
Although Air Canada is one of the most venerable brands in North American aviation, its executives stress the airline remains in the midst of a business transformation with a major focus on strategic long haul expansion, reflected by significant growth in international markets during 2015 that is continuing full force into 2016.
The company still trades below most of its full service North American peers, and Air Canada executives attribute part of the weaker valuation to markets adopting a “wait and see” approach to the company’s current expansion strategy.
In the meantime, Air Canada remains focused on strengthening its balance sheet in order to gain favourable aircraft financing. It has a steady stream of 787 deliveries scheduled for the next couple of years before its 61 Boeing 737 Max aircraft begin delivery in 2018.
Air Canada is making a solid push in the US transborder market in 2016, as it works to leverage sixth freedom traffic from its growing international long haul operations. The expansion involves new routes, the re-launch of other markets, and also service to hubs of Air Canada’s Star Alliance partner United Airlines.
The airline’s sixth freedom strategy has been a mainstay of its business plan for a number of years, after Air Canada valued that traffic at several million dollars. It is working to position its hubs as attractive transit points from US destinations that do not have direct access to markets in Asia and Europe.
Air Canada believes that given the solid projections for the US economy, its latest transborder push should be successful. The airline is the lone operator in many of the new markets, providing an opportunity for Air Canada to continue to grow its annual sixth freedom traffic flows.
LOT Polish Airlines' plan to more than double passenger numbers to 10 million in 2020 will bring significant growth to its base airport, Warsaw Chopin. LOT's aspirations to be the hub carrier for the "New Europe" will elevate Chopin airport to competing with Budapest, Prague and Vienna to be a hub for Central Europe.
LOT's growth is important to Warsaw Chopin, but is not the sole story. Chopin grew traffic while LOT restructured, while passenger numbers declined and then stayed flat. Second largest carrier Wizz Air is growing its presence and could introduce connections. Ryanair meanwhile is at Warsaw's LCC airport, Modlin, contributing 60% growth in the first five months of 2015.
Although Warsaw Chopin finished an expansion programme in May-2015, further works are needed to support LOT's growth, especially with widebodies. Emirates will up-gauge its existing daily service before presumably later considering a second daily flight. The bigger challenge to LOT and Warsaw is Lufthansa and its German hubs, which have grown as LOT shrank, especially in secondary Polish cities.