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Budapest Airport: Central Europe's #1 LCC airport and growing fast

Analysis

Budapest Ferenc Liszt International Airport is only Europe's 46th largest airport by seat numbers (based on in its seasonal peak week of 30-Jul-2018). However, it is significant as the largest low cost airport in Central Europe (based on the number of LCC seats). LCCs have 60% of all seats at the airport.

Budapest is growing rapidly, with double digit passenger growth in each of 2015-2017 and 17.0% growth in 1Q2018. The airport's leading airline, Wizz Air, is growing capacity at 18.0%, and number two Ryanair is growing by 33.6% this summer (week of 30-Jul-2018).

Strongly dominated by short/medium haul, Budapest's long haul network receives a boost this summer when LOT Polish Airlines establishes its first trans-Atlantic routes from outside Poland, with services to New York and Chicago. Moreover, American Airlines returns to Budapest after more than six years, with a Philadelphia service. Norwegian has mooted narrowbody trans-Atlantic routes from Budapest.

When Malev Hungarian Airlines collapsed in early 2012 the airport lost its leading airline, and there were concerns that Budapest would lose connectivity. However, the gap was quickly filled and this catalysed renewed growth. There are 55% more routes and one third more airlines in summer 2018 versus summer 2011.

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