- CAPA Analysis
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- International Airlines serving this country (excluding codeshares)
Bulgaria Air is the national flag carrier based at Sofia International Airport, the main gateway to Bulgaria, followed by Varna International Airport. Aviationhas three other main airlines – Hemus Air and LCCs EasyFLY Bulgaria and Wizz Air Bulgaria.
The Directorate General-Civil Aviation Administration is responsible for aviation policy, safety and security in Bulgaria, while the Bulgarian Air Traffic Services Authority is the navigation service provider.
Airports in Bulgaria
411 total articles
14 total articles
Bulgaria Air is strengthening its European network with the introduction of Embraer E-Jets to its fleet. Expanding its regional fleet will allow the airline to increase frequencies across its network and better match supply with demand through the use of smaller aircraft than previously.
As LCCs make inroads into its home market, the higher cost legacy carrier must look to consolidate a higher yielding market segment using frequency, but this is a complement to, not an alternative to cost reduction.
As the national carrier of Bulgaria, Bulgaria Air is based at Sofia Airport and operates scheduled services, ad hoc charter services and business jet transportation. Meanwhile Wizz Air is making its presence felt.
Russia, the CIS nations and Central and Eastern Europe have been receiving a great deal of attention from Middle East-based carriers in recent months. Full service and low-cost carriers have announced or added a flurry of routes into Eastern European destinations over the past few weeks. Airlines in the Middle East are looking to tap into the underserved region, which is still showing strong economic growth despite troubles in several European markets and strong growth in business and tourism traffic.
Homegrown LCCs Air Arabia and flydubai are leading a push into the regions, but so too is Qatar Airways. Additionally, Oman Air plans to launch services to Moscow. While Middle Eastern carriers have long dominated traffic into western Europe, they now comprise the majority of traffic between the Middle East and central Europe, eastern Europe, Russia and CIS.
In a sudden flurry of activity, airports in the northern and central areas of Bulgaria, and now the capital Sofia, are being made available for lease concession. While Sofia Airport has its attractive features, the others may fail to generate much interest.
Russia, Turkey and Sweden are among the fastest growing major destinations for European travellers this summer, latest analysis from CAPA shows. According to Innovata schedule data for Apr-2011 - the first month of the summer scheduling season - Russia and Turkey will enjoy near 20% increases in passenger capacity from other European countries next month.
The European airline market was battered by the global financial crisis, recording a combined loss of USD4.3 billion in 2009, according to IATA. Europe's tepid economic recovery, the ash cloud crisis, difficulties in cutting capacity and massive structural changes within the short-haul market have conspired to make 2010 another challenging year. Losses are anticipated at USD1.3 billion in 2010, making it the only region to be unprofitable in an otherwise strong year for recovery elsewhere. But there are some bright spots in the region. In this report, CAPA reviews the European airlines expected to make waves in 2011.
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.