Airports Company South Africa (ACSA) reported (30-Aug-2013) total revenue increased 16% year-on-year to ZAR6660 billion (USD654 billion), including ZAR2414 billion (USD237 billion) in non-aeronautical revenue, for the year ended 31-Mar-2013. The company said the results were primarily driven by an increase in aeronautical revenue and 17.4 million passengers departed from its airports during the year. International passenger traffic and aircraft movements increased 1%, but ACSA forecast minimal domestic growth, at best, for the next two years. The company also reduced its debt from ZAR16.7 billion (USD1.6 billion) in Mar-2012 to ZAR14.8 billion (USD1.4 billion) in Mar-2013. The company reduced its net financing cost for the year by 28% to ZAR1462 billion (USD144 billion) through the early settlement of a ZAR1.3 billion (USD128 million) loan and other loan redemptions ahead of time. ACSA finance director Maureen Manyama-Matome said, "Airports Company South Africa will continue with its efforts to enhance the group’s income from non-aeronautical revenue. This drive will be augmented by a new property development strategy to unlock the organisation’s valuable, non aviation-related property assets. Successes in India and Brazil will inform a new focus on opportunities in emerging markets. Airports Company South Africa, in collaboration with the South African Government, will pursue viable business opportunities in Africa. Depending on the success of these ventures, the company will be able to reduce its reliance on aeronautical income." [more - original PR]
ACSA reports 16% increase in revenue in FY2012/13
You may also be interested in the following articles...
Pobeda: Aeroflot's fast-growing LCC hs become a key part of its multi-brand strategy
Two years on from its Dec-2014 launch Aeroflot's LCC subsidiary Pobeda is firmly established as the fifth largest airline in Russia by seats, with a 6.8% share in the domestic market (week of 19-Dec-2016, source: OAG). Bucking the trend of declining traffic in the Russian market – which is being dragged down by falling international demand – Pobeda is growing rapidly.
Although still strongly domestically focused, the Moscow Vnukovo-based airline commenced international operations in Feb-2016 and will have launched 12 international routes during the course of 2016.
On a city pair basis, 23 of the 41 Pobeda routes in 2016 are not operated by other Aeroflot Group airlines. There are 17 Moscow routes (and one from Saint Petersburg) flown by both Pobeda and Aeroflot from different airports. An important part of the Aeroflot Group's multi-brand strategy, Pobeda is the only LCC in Russia and has stimulated demand among price-sensitive passengers in point-to-point markets.
Flybe at Heathrow: Europe's largest regional airline enters Europe's largest airport, gets new CEO
On 20-Dec-2016 Flybe announced its first ever routes from London Heathrow and the appointment of a new chief executive. Europe's largest regional airline will launch Heathrow to Aberdeen and Edinburgh at the start of summer 2017. Former CityJet head, Christine Ourmieres-Widener, will become CEO of Flybe from 16-Jan-2017, replacing Saad Hammad, who left on 26-Oct-2016.
Flybe already operates to the two Scottish cities from London City in competition with British Airways. Its Heathrow turboprop services will compete directly with BA's narrowbody jets, and there is also competition from Ryanair and easyJet from other London airports on the city pairs. Flybe has previously baulked at Heathrow's high charges, but has now changed its mind.
Flybe's new Heathrow services will use slots previously used by Virgin Atlantic's Little Red on the same routes. Little Red failed to fill its aircraft and ceased operating after two years. Flybe will be hoping that its smaller aircraft and lower frequencies will be easier to fill. Extending its codeshare agreements with its long haul partners to include Heathrow routes would help. It will also do Flybe no harm that it already participates in the Avios loyalty scheme owned by IAG, the parent of Heathrow's largest airline British Airways.