ACI Europe reported (04-Sep-2013) an underwhelming result for European airports in Jul-2013, with a growth of just 1.6% year-on-year in passenger traffic, a 1.2% increase in cargo traffic and a 0.1% increase in aircraft movements. EU airports recorded a 0.4% increase in passenger traffic while non-EU airports continued to enjoy growth of 6.8%. Commenting on the results, ACI Europe director general Olivier Jankovec said the results “while slightly improving, continue to be disappointing – with the pace of air traffic recovery in the EU being almost anemic,” and further illustrates the fact that the pace of economic recovery is extremely slow and uneven across the continent.” Notable growth were recorded at Moscow Sheremetyevo (+11.8%), Istanbul Sabiha Gokcen (+18.7%), Saint Petersburg (+18.1%), Stockholm Arlanda (+10.2%) and Bergen (+12.7%). [more - original PR]
ACI Europe: Underwhelming traffic growth at European airports in Jul-2013
You may also be interested in the following articles...
Pegasus Airlines: FY operating loss now likely after more red ink in 2Q. Capacity growth slows
Pegasus Airlines is having a difficult year. Its 2Q2016 results revealed a year on year widening of its operating loss for the third successive quarter. A series of geopolitical and terrorist events in Turkey have weighed on demand for international travel in particular.
Although Pegasus slowed its capacity growth in 2Q, this did not arrest the trend of plunging unit revenue. In spite of low fuel prices, Pegasus has not been able to match the fall in RASK with a sufficient reduction in its unit cost.
In response to its weak 2Q and 1H results, Pegasus has issued a profit warning, lowering its guidance for FY2016 and implying an operating loss for the year. After a number of years of double digit passenger growth, it now targets an increase of only 5%-7% this year (it previously expected 13%-15%). A more cautious approach to growth makes sense in the current environment.
Ryanair's 117million pax in 2016 tops European airline groups. The first time an LCC topped rankings
For the first time ever in Europe, in 2016 a low cost airline carried more passengers than any other airline or airline group, as Ryanair's 117 million passengers pushed Lufthansa Group's 110 million into second place. Ryanair had beaten Lufthansa itself, but not the whole Lufthansa Group. IAG's first full year of including Aer Lingus helped it to take third place from Air France-KLM. Europe's number two LCC, easyJet, was ranked fifth.
The big five can be expanded into a big seven to include Turkish Airlines and the Aeroflot Group, although these two had contrasting growth rates in 2016. A chasing pack of middle sized airline groups includes three LCCs (Norwegian, Pegasus and Wizz Air) and three legacy airlines with varying challenges to establishing sustainable profitability (SAS, Air Berlin Group and Alitalia).
Most of the faster growing airline groups in the top 20 are LCCs and the main growth drivers for Europe's big three legacy groups are their LCC subsidiaries. Just outside the top 20 are some fast growing legacy airlines in Eastern Europe, demonstrating the potential there. Nevertheless, unless there is a big merger or acquisition, Ryanair looks set to remain at number one for some time.