Southampton Eastleigh Airport
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- United Kingdom
- 1723m x 37m
- Airlines currently operating to this airport with scheduled services
- Aurigny Air Services
- Airlines currently operating to this airport via codeshare
- Air France
KLM Royal Dutch Airlines
Southampton Airport is a regional airport serving the city of Southampton and the surrounding Hampshire region in southern England. Owned and operated by BAA, Southampton serves around 50 European destinations year-round and averages almost 2 million passengers p/a. Southampton sees a significant traffic spike in the summer months, with many carriers operating seasonal services to holiday locations in the Mediterranean basin. Flybe is the largest operator at Southampton.
Location of Southampton Eastleigh Airport, United Kingdom
159 total articles
6 total articles
After three years of widening full year losses, Flybe has reported a return to pre-tax profits in 1HFY2014. The Group’s new CEO Saad Hammad joined in Aug-2013, when long-serving CEO and Chairman Jim French became non-executive Chairman. The break with the past was completed on 5-Nov-2013, when Mr French was replaced as Chairman by Simon Laffin, whose experience includes real estate, retail, media and financial services.
Mr Hammad, a former CCO at easyJet and non-executive director at Air Berlin plc, has immediately increased the targeted benefits under the Group’s restructuring plan, recognising that its previous goals would not be enough. In terms of market presence, Flybe has a strong niche in UK regional markets and a small, but growing, foothold in contract flying in mainland Europe.
However, its cost base remains uncompetitive and Mr Hammad may need to drive out even more cost if he is to realise his aim to make Flybe “the best local airline in Europe”.
Flybe reported wider losses for FY2013, its third successive year of deteriorating results. Moreover, cash flow weakened, net debt grew and net assets fell. In addition to the challenge of high fuel prices, Flybe has seen a 21% reduction in the UK domestic market since 2007 and its high proportion of domestic traffic has made it particularly exposed to increases in UK air passenger duty. Flybe’s unit costs leave it struggling to compete with LCCs, its load factors are below industry averages in spite of capacity cuts and its labour force is among the least productive in Europe.
In Jan-2013, Flybe announced a turnaround plan, dubbed "Fit to Compete" and updated in May-2013 and Jun-2013. This aims to improve profitability through cutting headcount and other cost efficiencies, to drive revenue enhancements, to generate cash without recourse to shareholders and to restructure the network into a defensible core. The disposal of Gatwick slots to easyJet and deferral of aircraft deliveries will help its cash position, but, while Flybe may no longer be gaining weight, full fitness remains a long way off.
Vueling's growth this year, the largest since its merger with rival Clickair in 2009, underscores the airline's role as a cost-effective hub carrier with connecting flights at Barcelona's El Prat Airport, a status Iberia concluded it could not achieve in Barcelona, largely pulling out of the market in favour of specially-formed LCC Clickair. After the Clickair-Vueling merger, Iberia retained part ownership (46%, now controlled by Iberia parent International Consolidated Airline Group) while the merged carrier continued its focus on Barcelona. The partnership appears to be working well for both Iberia and Vueling.
That focus has been re-affirmed by the airline's intention to grow summer destinations served from El Prat by a further 10, bringing the total to 70, 23 more than served last year, and representing a 17% seat increase at El Prat. The growth is supported by the addition of four A320s and a single A319.
BAA, the UK’s largest airport operator, announced it handled 9.34 million passengers in May-2011, a 9.2% year-on-year increase. BAA said the strong increase, was helped by the late Easter holidays and Royal Wedding leading to more passengers at the beginning of the month.
Towards the end of Sep-2010 reports emerged from the English Midlands that Birmingham Airport, partly owned by two pension funds, could be sold to Middle East investors as part of a package of assets to fund other projects.
Bournemouth (UK) based Palmair announced that it intends to suspend all services at Bournemouth Airport for the months of Nov-2010, Dec-2010 and Jan-2011, citing poor advance bookings for winter, but hopes to produce a reduced winter timetable from Feb-2011 onwards. Despite this temporary setback Palmair, which claims to be Britain’s oldest tour operator, is one of the industry’s survivors, having been in business as the ‘in-house’ airline of a travel agent and tour operator, Bath Travel, since 1958 – 52 years.
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