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Porto Airport traffic growth in negative territory in May-2009, but cargo on the improve

Porto International Airport's latest traffic figures revealed continued negative growth in cargo traffic in May-2009, with declines of 10% year-on-year. However, despite the continued reductions, the May-2009 figures represented the smallest cargo reduction at the airport so far in 2009.

Porto International Airport passenger number growth and cargo volume:
Jan-2009 to May-2009

Passenger traffic also contracted in the month, down 6.4% year-on-year, after entering positive territory in April due to increased Easter traffic. The general trend, however, has been for negative passenger traffic growth this year.

Porto International Airport traffic: May-2009

 

 

 

Passenger traffic

374,085

-6.4%

Cargo volume (tonnes)

2,571

-10.0%

Aircraft movements

4,499

-9.9%

Declines reflect capacity and traffic reductions by major carrier, TAP Air Portugal

TAP Air Portugal controls approximately 44% of capacity and 55% of frequency at Porto International Airport. The national carrier reduced capacity by 8.5% year-on-year 1Q09, as part of cost cutting measures in reaction to the negative effects of the global economic crisis. Despite reducing costs by EUR70 million in 2008, the airline reported a loss of EUR200 million due to high fuel prices and the economic downturn.

Porto International Airport capacity and frequency share: Top 10 airlines

Europe's largest LCC, Ryanair, is the second largest carrier at Porto, with a 23% capacity share and a 16% frequency share. Ryanair offers services from Porto to Paris-Beauvais, Dublin, Girona (Barcelona), Frankfurt-Hahn, Liverpool, Marseille MP2, London-Stansted, Madrid, Milan (Bergamo), Bristol, Pisa (Florence), Brussels (Charleroi) and Birmingham.

Ryanair route network from Porto: Jun-2009

A strongly European-focused airport

The airport's largest international route is to Paris Orly, with a 13.6% capacity share, followed closely by Madrid Barajas with a 13.2% capacity share. Frankfurt, Geneva and London Stansted rounded out the top five largest international routes, with 7.4%, 7.0% and 5.8% capacity shares, respectively.

Top 5 international routes by capacity share (% of total) to/from Porto International Airport

Destinations offered from Porto International Airport

Portugal's neighbour, Spain, is an important market, with the two countries in Mar-2009 signing an MoU to develop a single sky, through the creation of a Functional Airspace Block (FAB) between the two countries. Once completed, the Spain-Portugal FAB will represent more than 25% of European airspace and 11% of European traffic.

Like is the case for all European airports, a recovery in traffic and profit figures at Porto International Airport is highly dependent on the prospects of its airline customers, which is in turn conditional to improved underlying economic conditions.